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Pension cash for five banks a risky move – Bright Simons

The use of pension funds to rescue some five local banks unable to meet the Bank of Ghana’s GH¢400million minimum capital is a very...

23 banks operating after recapitalization – BoG

The Bank of Ghana have confirmed that 23 banks have been left to operate now following the recapitalization exercise that ended on December 31,2018....

Just in: GN Bank downgraded to savings and loans company

Local financial institution, GN Bank has been downgraded to savings and loans company, the Bank of Ghana (BoG) has announced. According to the  Central Bank,...

Just in: CBG takes over Premium and Heritage banks

Heritage  and Premium banks’ licenses have been revoked and merged with Consolidated Bank Ghana, the Bank of Ghana have announced. At a press conference in...

Bailout of local banks long overdue – Prof.Gatsi

An economist and a financial analyst, Prof. John Gatsi has questioned the timing of government’s GH₵2bn bailout to six local banks, aimed at supporting...

BoG clears path for First Atlantic, Energy Commercial to merge

The central bank has given the green light for First Atlantic and Energy Commercial banks to move on swiftly with their merger talks. The two...

First Atlantic, Energy Commercial banks merger BoG expected to issue...

The central bank is expected to issue a ‘No Objection’ shortly, to allow the merger of First Atlantic Bank and Energy Commercial Bank to...

Banks will deal with bad loans, stay competitive—Moody’s

Banks are expected to ‘slowly’ tackle the non-performing loans on their books and remain competitive in the coming year, Moody’s Investor Service’s outlook for...

Back BoG to create strong financial sector – Edward Effah

Edward Effah, Board Chairman of Fidelity Bank, has said Ghanaians must back the central bank’s on-going reforms to create a stronger financial sector. “I think...

Banks must increase support to private sector—Dr. Addison

Banks in the country must scale-up their support for the private sector, considering the gains of ongoing reforms in the sector and restoration of...

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