Tag Archives: BANKS

    By Ike.S Anison, Country Director, Ghana/Liberia/Gambia at Onafriq   Historically, the formal banking sector’s penetration in Africa has been relatively low. And, while there has been significant improvement in this area in recent years, there is still a significant portion of the population on the continent who are unbanked …

Popular Nigerian singer, Peter Okoye of PSquare music group, has threatened banks in Nigeria with legal action for allowing impersonation. The singer took to social media to voice concern about others exploiting his identity to con innocent victims. Peter Okoye claimed that Access and Polaris banks failed to do due …

New Patriotic Party flagbearer hopeful, Kennedy Agyapong, has asserted that some financial institutions disclose the monies in their customers account(s). He stated that some banks leak information on the amount of money ministers and other public officials have. In a 3news report sighted by GhanaWeb Business, Kennedy Agyapong is reported to have said in an …

To cramp down unemployment rate among the youth in Amenfi Central Constituency in the Western Region, Member of Parliament hopeful for the said constituency, Hon Joana Gyan-Cudjoe in collaboration with some Banks in Ghana have successfully secured over five hundred cars to taxi and Kia drivers in her area. ‘Obaa …

Alhaji Iddi Sumaila, President of the Association of Bullion Operators Ghana (ABOG), has disclosed that starting July 1, 2023, only armoured bullion vans will be used. According to him, no soft-skinned vehicle will be utilised to convey cash. He stated that the Association is dedicated to ensuring that all banks …

Renowned economist, Kwame Pianim has opined that commercial banks that were ‘wrongly’ collapsed due to political reasons must be granted back their operating licenses following the clean-up undertaken by the Bank of Ghana. He believes that once it has been proven that these banks were collapsed for the said political …

Flagbearer of the National Democratic Congress, John Dramani Mahama, has stated that in the event of his election as president, he will restore the licenses of banks that he believes were wrongly shut down. He made the promise while delivering his formal acceptance speech on May 15, 2023. John Mahama …

Banks with a capital adequacy ratio (CAR) of less than 10 percent of their assets have been asked to submit plans for recapitalisation, Bank of Ghana Governor Dr. Ernest Addison has disclosed. The ratio – a principal financial soundness indicator – demonstrates banks ‘ ability to finance their long-term capital expenditures and ventures, and …

The Bank of Ghana (BoG) Governor, Dr. Ernest Addsion, has announced a reversal of the cash reserve ratio on local currency deposits for banks, raising it from 12 percent to 14 percent effective April 13 as part of measures aimed at addressing the mopping-up of excess liquidity in the market, The banking …

Private legal practitioner and member of the opposition National Democratic Congress, Godwin Edudzi Tamakloe has questioned the basis of the continued stay in office of the Minister for Finance, Ken Ofori-Atta. According to Edudzi, the minister for finance should find a reason to leave his job based on the current state …