Tag Archives: BANK

A deputy Ranking Member of Parliament‘s Finance Committee, Isaac Adongo has questioned the motive behind government’s decision to spend GH¢22 billion on the banking sector cleanup. His comments come following a downgrade of two of Ghana’s biggest banks; GCB Plc and Ecobank Ghana Limited by rating agencies Moody’s and Fitch. Fitch Ratings assigned …

The impact of COVID-19 on Ghana’s economy cannot be discounted especially because even the global economy was so impacted that multilateral lenders like the World Bank and International Monetary Fund, IMF, were also broke at a point. This is the view advanced by Thomas Kusi-Boafo, the Chief Executive Officer (CEO) …

Member of Parliament for Ningo-Prampram, Sam Nartey George, has commented on a harsh verdict on Ghana’s economy by the World Bank representative, Pierre Laporte. The lawmaker sarcastically labelled the World Bank official a member of the opposition National Democratic Congress, NDC, describing him further as a Jeremiah and naysayer who …

NPP  ‘World Bank’ boiling  as some aggrieved members of the ruling New Patriotic Party NPP in the Ashanti Region have called for the head of the Ashanti Regional Chairman of the party Bernard Antwi Boasiako popularly known as Wontumi over chaos in the ongoing polling station elections. Their call follows …

The High Court in Accra has ordered a subpoena to be served on the Governor of the Bank of Ghana Dr Ernest Addison to appear or instruct its official to appear before it on March 10, 2022. The court said the Governor or his office is to appear to produce statements …

South Africa’s third most popular party, the Economic Freedom Fighters (EFF) have held a massive protest against government’s dealings with international lenders – the World Bank and the International Monetary Fund. The protests in Cape Town were held outside the premises of the temporal Parliament where Finance Minister, Enoch Godongwana …

Mrs. Nana Akyaa Obeng-Adiyiah has been appointed as the Deputy Chief Executive Officer (Finance and Administration) of Ghana EXIM Bank. Her appointment takes effect from 23 February 2022. She is a seasoned Banker, Development Finance Expert and Business Development Strategist. She has over 15 years’ multi-sectoral corporate experience, of which …

A new World Bank report has revealed that Ghana had accumulated significant government arrears prior to the COVID-19 pandemic. This is far higher than the projected arrears post-COVID-19. The report, dubbed: “Finance for an Equitable Recovery”, indicates that the percentage of the country’s arrears was estimated at almost 5% of …

As Valentine’s Day approaches, pressure may be mounting on couples or people in relationships to impress their partners with the best gifts. The day is mostly characterized by gifts and special love messages all across the world. With the advent of social media as well, most people are quick to …

The World Bank and Economic and Finance experts say Ghana does not require an International Monetary Fund (IMF) programme to guarantee a strong economic footing to accelerate its national development. They said though a programme with the IMF would be helpful in debt management, it would only provide a short-term …