Home / Tag Archives: Bank of Ghana

Tag Archives: Bank of Ghana

Moody’s lauds banking sector reforms

International rating agency Moody’s has lauded the Bank of Ghana (BoG) for carrying out much-needed banking sector reforms within the specified time. “The recapitalisation exercise’s completion within the planned timeframe shows BoG’s willingness to strictly enforce prudential regulations. Improved supervision quality and corporate governance will gradually boost confidence in the …

Read More »

GN Bank-Premium Bank to merge by December 31

Snippets of information picked up by Joy News indicate that two indigenous banks, GN Bank and Premium Bank are set to complete their merger processes by close of 31st December 2018. A source at the Central Bank disclosed that, “BoG has in principle agreed to the merger talks of GN …

Read More »

BoG urged to reduce minimum capital of indigenous banks to GH¢250,000

Regional Director of the Chartered Institute of Leadership and Governance (CILG – Ghana Chapter), Dr Bediako Asare, has called on the Bank of Ghana to reduce the minimum capital for indigenous banks to GH¢250,000.00 instead of the GH¢400,000.00. He said the current GH¢400,000.00 capital adequacy ratio should be targeted at foreign banks …

Read More »

Non-Performing Loans hit GH¢8.7bn

The stock of Non-Performing Loans in the banking sector reached GH¢8.74 billion in June this year, according to the latest banking sector report. The report released by the Bank of Ghana showed that since the last time the figures were released in April 2018, it has gone up by some GH¢11 million …

Read More »

Enterprise Singapore identifies new opportunities in Africa’s digital, manufacturing sectors

Enterprise Singapore, an agency that champions the Asia country’s enterprise development, says it has identified viable opportunities in Africa’s digital economy and manufacturing sector for Singaporean companies to tap into. “Africa’s rapid growth and thriving digital economy offers rich opportunities for Singapore companies seeking higher growth and market diversification. We …

Read More »

IMF commends BoG for banking sector clean up

The International Monetary Fund (IMF) has described the recent Bank of Ghana action on some banks as crucial for stability and confidence in the financial sector. IMF country representative to Ghana, Dr Natalia Koliadina, told Joy Business although the BoG clampdown is belated, the timing is still right. “I think …

Read More »

Duffour sues BoG for revoking uniBank’s license

A shareholder of defunct uniBank, Dr Kwabena Duffour, has sued the Bank of Ghana for revoking the license of his financial institution. In a suit filed at an Accra High Court, his lawyer, Professor Raymond Atuguba of Atuguba and Associates among other things asked that the revocation of the bank’s …

Read More »

Banking sector needs rating agency – Adu-Boahen

A Deputy Minister of Finance, Charles Adu-Boahen, wants an independent agency to rate the various banks in the country. This he said will help depositors, as well as investors, to make informed decisions before transacting business within the financial sector. Speaking at a forum on the clean-up of the banking …

Read More »
Social Media Auto Publish Powered By : XYZScripts.com