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Tag Archives: BANK

Bawku: GCB Bank temporarily closed down

GCB Bank branch in the Bawku municipality of the Upper East Region has suspended service temporally. The Bank cited the volatile conflict in the area as the reason for the suspension. The management of the commercial bank issued the communication through SMS last Friday. Clients who received the message expressed …

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DDEP: Top Nigerian bank slows down on lending in Ghana after losing billions

Top Nigerian bank group, Guaranty Trust Holding Company Plc, has announced plans to slow down on lending and bond trading in Ghana following a $77 million (N35.6 billion) impairment in its West African subsidiary. The banking group said that it will instead focus its activities on Nigeria and other high-yielding …

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FLASHBACK: How Ghana’s central bank was formed in the 1950s

Across the world, central banks play key roles in developing policies, regulation, and the management of a country’s finances, assets and other related securities. For Ghana, what many know as the Bank of Ghana did not only start from the idea of being a Central Bank in the 1950s. According to a …

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Hon Ken Agyapong gave me GHC 1m to pay my bank loan’- Former Fomena NPP Chair confirms

Former Chairman of the ruling New Patriotic Party NPP in the Fomena Constituency of the Ashanti Region, Mr Kwasi Nti, has confirmed, receiving Gh¢Million from the Assin Central Member of Parliament Hon Kennedy Agyapong. According to him,  Hon Kennedy Agyapong single handedly save the NPP from losing the Independent Member of …

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Desperate mother sells 18-month-old baby to settle bank debt

A 33-year-old woman has been arrested for allegedly selling her 18-month-old daughter to an unknown buyer for N600,000. The suspect, Olaide Adekunle, was apprehended last week following a complaint by her husband, Nureni Rasaq, that she had left home with their baby, Moridiat Rasaq on March 15, girl but returned …

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Ghana to take delivery of passport printing machines from World Bank

The Ministry of Foreign Affairs and Regional Integration is about to receive two giant industrial printing machines in three weeks from the World Bank under the Public Sector Reform for Results Project (PSRRP). Madam Shirley Ayorkor Botchwey, the Minister of Foreign Affairs and Regional Integration, said the arrival of these …

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Bank of Ghana, Ghana Air Force commission helipad to airlift currencies to Sefwi Boako

Following the accident of a Bank of Ghana Bullion Van in November 2019 at Techiman, in the Bono East Region of Ghana, the Management of the Bank of Ghana established a committee to investigate the circumstances leading to the accident and make recommendations to improve currency movement operations in the country. Amongst other recommendations, …

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Ajay Banga nominated to head World Bank

United States President Joe Biden has nominated former Mastercard CEO Ajay Banga to become president of the World Bank, hailing his business experience in his native India and his commitment to mobilizing private funds to help developing countries grapple with climate change. Biden’s nomination on Thursday all but assures Banga, …

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Kofi Amoabeng reveals ‘who’ collapsed UT Bank, clears Ofori-Atta of blame

Former Chief Executive Officer of the defunct UT Bank, Prince Kofi Amoabeng has spoken about what led to the collapse of his bank; the UT Banks, some 6 years after its collapse. The UT Bank was one of many affected during the New Patriotic Party (NPP)’s banking sector cleanup, leading …

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‘She had no choice’ – Kate Henshaw reacts as lady strips in Access Bank hall

Veteran Nollywood actress, Kate Henshaw has reacted to a viral video of an agitated young lady who went topless in a banking hall while requesting the release of her funds and the immediate closure of her account. In the video, the lady who spoke in Yoruba language disclosed that her …

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