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Tag Archives: BANK

Bank of Ghana finally receives US$3 billion Eurobond cash

  The US$3 billion Eurobond cash raised by the Finance Ministry in the last week of March 2021 has hit the account of the Bank of Ghana. JoyBusiness reports that the BoG received the funds on April 7, but could not establish whether the necessary transaction cost of the lead managers …

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Don’t do business with unlicensed schools – Inspectorate Authority to banks but GNACOPS fights back

The Ghana National Council of Private Schools (GNACOPS) has described as out of law, a directive by the National Schools Inspectorate Authority (NaSIA) to banks against doing business with unlicensed pre-tertiary schools. In a piece of earlier advice to the banks, NaSIA said: “We are by this letter entreating all …

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Man jailed 8 years for stealing GH¢159,300 from Damongo Bank

A Tamale High Court has sentenced a 32-year-old system administrator to eight (8) years imprisonment with hard labour for stealing GH¢159,300 from the coffers of his former employer, the Buuwulonso One Stop Rural Bank at Damongo in the Savannah Region. Cephas Agbodo, who had moved on to Borimanga Rural Bank …

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Banks Start Closing Customers Accounts For This Shocking Reason; Check Out

Some people are so sad that their accounts have been closed by some banks following their involvement in cryptocurrency. This has attracted mixed reactions from some customers, having them talking unceasingly. In more detail, the report available has it that Access Bank, GTBank and UBA begin closing customer accounts that …

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Fire Guts Ghana Commercial Bank in Dzodze

The fire had gutted parts of the Ghana Commercial Bank at Dzodze in the Volta Region of Ghana  The fire reportedly started around 6:45 pm on Monday evening, February 08, 2021, according to an eyewitness who spoke to My News Ghana By 7:20 pm, the fire had gone out of control …

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Coronavirus pandemic to push over 115 million people into extreme poverty – World Bank

A report by the World Bank has noted that over the past 12 months, the COVID-19 pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, the World Bank said, after decades of steady progress in reducing the number of people …

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Ghana’s economy on a steady rebound – BoG Governor

Dr Ernest Addison, the Governor of the Bank of Ghana (BoG), has given an indication that Ghana’s economy is on a steady rebound with indicators pointing towards pre-pandemic levels. According to the BoG, their survey on consumer confidence suggests that the economic activity in the country has started picking up in some dormant …

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[VIDEO]: Fire guts Kantamanto GCB Bank

Fire has swept through the Kantamanto branch of the Ghana Commercial Bank (GCB) Saturday morning. It is unclear what caused the inferno which has left several floors of the building in flames. The fire service have visited the scene to douse the ravaging fire. Public Relations Officer (PRO) of the …

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World Bank approves $130m to boost Ghana’s COVID-19 response

The World Bank Board of Executive Directors on Tuesday, November 10, 2020, approved an additional credit of $130 million from the International Development Association (IDA) for the Ghana COVID-19 Emergency Preparedness and Response Project. The additional financing in the health sector will support the Government of Ghana to scale up …

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UT Bank collapse: EOCO takes over Kofi Amoabeng’s mansion

The Economic and Organised Crime Office (EOCO) has taken over a plush house of embattled former Managing Director of defunct UT Bank, Mr Prince Kofi Amoabeng, MyNewsGh.com has confirmed. The house according to checks by this portal is located at Kukurantumi in the East Akim District of the Eastern Region, …

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