Tag Archives: BANK

The International Monetary Fund is pushing Ghana’s cash-strapped government to stop borrowing from its central bank, according to people familiar with the matter . The IMF wants the two entities to sign a commitment to zero-financing, said the people who asked not to be identified because they’re not authorized to speak …

A couple of alleged photos of Deborah Seyram Adablah, the lady who sued her former boss at the First Atlantic National Bank, have shown up online. Deborah sued her former bank boss and alleged “sugar daddy” after she started dating him and things went wrong. Parts of her writ of …

The Bank of Ghana (BoG) has assured Ghanaians that it has sufficient gold reserves to continue the gold-for-oil policy. In its turn before the Public Accounts Committee, the central bank stated that it was well-positioned to meet the transactional demand of 160,000 ounces of gold per month. The bank was represented before …

Investment and fund management firm Databank has announced the closure of its offices effective Thursday, December 22, and to work remotely following attacks and threats on its staff. A statement issued Wednesday by the company said it has not been spared the liquidity challenges that have beset the fund management …

The Bank of Ghana (BoG) has announced an upgrade to the GH¢1 coin with some enhanced security features. “The upgraded GH¢1 coin is bi-metallic with an outer gold and inner silver. The coin has a pronounced rough edge and incorporates a latent image, which appears in a rectangular form below …

International ratings agency, Moody’s has downgraded GCB Bank PLC’s (GCB Bank) global long-term local currency deposit ratings to Caa3 from Caa2. Moody’s investors also downgraded the bank’s long-term foreign currency deposit ratings to Ca from Caa2, its long-term Counterparty Risk Ratings (CRRs) to Caa3 from Caa2, its long-term Counterparty Risk …

CEO of Green Essentials, Yaa Anima, has disclosed that she quit her job as a relationship officer in the banking sector after two years because she did not enjoy it as much. In an interview on Daily Hustle on SVTV Africa, Miss Anima indicated that she is not cut out …

The Bank of Ghana Governor, Dr. Ernest Addison, has calmed nerves over the country’s depleting foreign reserves, saying once polices outlined by government and the Bank start bearing fruit the situation will come back to normal. According to the Summary of Economic and Financial Data (November 2022) published by the …

Nigerian billionaire Femi Otedola is one of the many shareholders in Nigeria’s oldest bank, First Bank of Nigeria Holdings Plc (FBNH), who have seen their net worth increase significantly in recent weeks as a result of the rise in the share price of the financial services group. According to data …

The 2022 World Bank’s Africa Pulse Report has ranked Ghana as the country with sub-Sahara Africa’s (SSA) highest food prices. The report was released at the end of last month, October 2022, and indicated that domestic food prices have gone up by 122 percent since January this year. Indeed, the …