Tag Archives: BANK

UPDATE: GT Bank Ghana has rectified an earlier report suggesting that it will no longer accept ’50 and 20 paper notes’ for banking transactions effective August 31. The bank in an email to its customers clarified that the currency denomination it meant to refer to was the UK pounds sterling which …

Pierre Frank Laporte, World Bank Country Director for Ghana, has stated that his outfit has approved a total of $903 million for Ghana to support public finance reforms. According to him, this is a huge sum of money any development institution has approved for a country for a period of …

A Court of Appeal in Accra has reversed the decision of the Bank of Ghana to revoke the operating license of UniCredit Ghana Limited as a saving and loans company in Ghana. According to GHOne TV, the court on July 7, 2022, declared the decision of the Bank of Ghana to revoke the license …

Ghana International Bank PLC (GIB) has been fined 5.8 million pounds by a United Kingdom regulator – Financial Conduct Authority (FCA) for failing to adhere to anti-money laundering and counter-terrorist financial controls. The breach in the anti-money laundering and counter-terrorist control, the FCA said, happened over its correspondent banking activities …

After the Judicial Training Institute were razed down by the government to pave way for the construction of the controversial National Cathedral, Samuel Okudzeto Ablakwa is alleging that the Nana Addo Dankwa Akufo-Addo’s government desperately needs a US$50 million loan to construct a new Judicial Training Institute at the Cocoa Affairs Court land. …

Residents who live in the Twifo Praso section of the Central Region are stranded because a bridge at Jukwa linking Cape Coast to Twifo Praso had caved in. Citi News understands that the issue affected the road, preventing motorists from crossing. A source close to the development told Citi News that, …

The World Bank says that additional policy reforms in investment and trade facilitation can further enhance trade flows between Ghana and the rest of the sub-region. In its Ghana Trade Competitiveness Diagnostics report, it urged the Government to among other things, take either administrative or regulatory steps to reduce port …

Operatives of the Economic and Financial Crimes Commission (EFCC) are currently at the head office of NOVA Merchant Bank Limited to arrest the Chairman of the institution, Phillips Oduoza and its Managing Director/Chief Executive Officer, Nath Ude. NOVA Bank is an investment-grade merchant bank in Nigeria which offers an integrated …

The World Bank has downgraded Ghana in the implementation of the Ghana Accountability for Learning Outcomes Project (GALOP). This follows a report released after a technical discussion mission of a World Bank team at their second visit to inspect the implementation of the various educational interventions. Significantly, GALOP is funded …

Minister for Education, Dr. Yaw Osei Adutwum, has assured Council of Heads of Basic Schools their concerns over poor infrastructure are being addressed. The council in a communique outlined a number of challenges confronting basic education including poor infrastructure. Addressing the media after the World Bank cleared him of any …