We’ll help our members to obey BoG regulations’—Savings and Loans Association

We’ll help our members to obey BoG regulations’—Savings and Loans Association

The Savings and Loans Association of Ghana has assured that it will do all it can to help its members abide by new rules that will be announced by the...

Databank: We don’t deal in ‘gold collectibles’

Databank: We don’t deal in ‘gold collectibles’

Databank Financial services, has denied reports that it is now dealing in gold collectibles. The investment firm says the claims are untrue and that ...

Frontclear concludes landmark transaction with Fidelity Bank and Societe Generale

Frontclear concludes landmark transaction with Fidelity Bank and Societe Generale

Frontclear, Fidelity Bank Ghana and Societe Generale, has completed a USD40-million cross-currency total return swap transaction. The trade marks a f...

Ex UT, Capital Bank workers to receive exit pay this week?

Ex UT, Capital Bank workers to receive exit pay this week?

Former workers of Capital and UT banks are likely to receive their severance packages later this week if the Joint Receivers complete the processes on...

Consolidated bank given bond cash – BoG Governor

Consolidated bank given bond cash – BoG Governor

The Bank of Ghana has clarified that it has made available cash from the bond issued in the name of the Consolidated bank. According to the Governor ...

GN Bank management to meet over savings and loans transition

GN Bank management to meet over savings and loans transition

The management of GN Bank is yet to finalize its arrangements to transition into a savings and loans company from a universal bank. This is after the ...

x-staff of UT, Capital banks still cry for exit pay

x-staff of UT, Capital banks still cry for exit pay

Ex-staff of the now-defunct UT Bank and Capital Bank, have bemoaned the non-payment of their severance packages two years after the Bank of Ghana (BoG...

Bank of Baroda-Stanbic deal an assumption not take over—bank clarifies

Bank of Baroda-Stanbic deal an assumption not take over—bank clarifies

All deposits and loan portfolio of Bank of Baroda have been handed over to Stanbic bank effective yesterday[January 1, 2019]. The move follows an ass...

Publish names of banks that have met GHS400m capital—BoG told

Publish names of banks that have met GHS400m capital—BoG told

Some stakeholders in the banking sector are expecting the Bank of Ghana to announce the list of banks that have met the minimum capital requirement to...

Rural Banks cry over ‘killer’ tax

Rural Banks cry over ‘killer’ tax

The Ashanti Regional Chapter of the Association of Rural Banks is in tears over what it termed as a ‘killer’ tax imposed on banks. According to t...