Banks cash reserve ratio back to 14%

The Bank of Ghana (BoG) Governor, Dr. Ernest Addsion, has announced a reversal of the cash reserve ratio on local currency deposits for banks, raising it from 12 percent to 14 percent effective April 13 as part of measures aimed at addressing the mopping-up of excess liquidity in the market, The banking …

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20 Biggest money scams of all time

Scamming naive people who are hoping to make a quick profit is a practice that opportunists have been undertaking for thousands of years. As the times have changed, however, the scams and those perpetrating them, have evolved. From modern-day multi-layered marketing companies to multi-million dollar carpet cleaning companies that don’t …

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