BoG to begin circulation of upgraded cedi notes today

BoG to begin circulation of upgraded cedi notes today

The Bank of Ghana (BoG) will today begin the circulation of its enhanced GHc10, GHc20 and GHc50 notes. According to the Bank of Ghana, both the old a...

BoG seeks GHC7bn support for Savings and Loans companies

BoG seeks GHC7bn support for Savings and Loans companies

After cleaning up the banking sector, the Bank of Ghana (BoG) is now set to raise GH¢7 billion from the government to support distressed savings and ...

Ghana Exim bank initiates stringent measures to recover loans

Ghana Exim bank initiates stringent measures to recover loans

The Ghana Exim bank says it has instituted stringent application processes to reduce loan defaults. The bank was set up in 2016 to facilitate the cou...

Govt to issue US$403m bond for 5 undercapitalized banks

Govt to issue US$403m bond for 5 undercapitalized banks

Government will issue a 403 million dollar bond this month to finance the five undercapitalized banks under the Ghana Amalgamated Trust (GAT), a repor...

We were fair to Heritage, Premium banks – BoG

We were fair to Heritage, Premium banks – BoG

The Bank of Ghana (BoG) has defended its decision to revoke the licenses of Heritage Bank Limited and Premium Bank (now under receiverships), explaini...

Six Fund Managers voluntarily cease operations – SEC

Six Fund Managers voluntarily cease operations – SEC

The Securities and Exchange Commission (SEC) has said six licensed operators engaged in fund management activities in the capital market have voluntar...

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...