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South Africa investigates $80 million bitcoin scam

South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that...

Financial and Insurance contributions to GDP slump in 2017

Even though their umbrella sector – services - remains the largest contributor to GDP in the country, holding 56.2 percent of economic activities, the...

PEF hails new module for determining interest rates

The Private Enterprises Federation (PEF) has welcomed the Bank of Ghana’s decision to introduce its Ghana Reference Rate (GRR), the new module for calculating...

Kenyan interest rate cap holding back growth: central bank head

Kenya’s central bank governor said on Tuesday the country’s interest rate cap was holding back the economy, but still forecast that growth would speed...

BoG closes the door after Beige Bank

The Central Bank has placed a freeze on licensing of new banks and other financial institutions as part of its aim to strengthen supervision,...

Parliament to demand tough measures from financial sector regulators

Parliament is expected to task the regulatory bodies in the financial sector – Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC)...

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