Tag Archives: BANKS

Dr. Ernest Addison, the governor of the Bank of Ghana (BoG), has expressed worry about the solvency of some Ghanaian banks. According to him, the Central Bank will put in measures to ensure that banks remain solvent. This, he said is the most important task of the Central Bank. The …

Ministry of Works and Housing has announced the establishment of land banks to provide the needed infrastructural services for affordable housing projects across the country. The Ministry says the land banks would offer private sector investments to enable the construction of affordable housing units for low-income earners. The Deputy Minister …

Banks in Ghana have procured 60 armoured bullion vans to ensure safe carting of money and the protection of lives, Mr John Awuah, Chief Executive Officer (CEO) of the Ghana Association of Bankers, has said. He said the special purpose vehicles with siren, tracking devices, bullet resistant glass and other …

International rating agency Fitch has downgraded the viability ratings of three Ghanaian banks to “CCC”. The Banks are Ecobank Ghana Limited, Guaranty Trust Bank (Ghana) Limited (GTB Ghana), and United Bank for Africa (Ghana) Limited (UBA Ghana). The downgrade came after the rating agency downgraded Ghana’s creditworthiness to “CCC” or …

Banks have been directed to allow non-resident Ghanaians who have not yet registered for their Ghana Cards to use their passports for bank transactions till they obtain the cards. The Bank of Ghana served notice that effective July 1, 2022, the only acceptable ID for bank transactions will be the Ghana Card …

An unhappy man created a disturbance in a banking hall by dragging away the printer in anger, as captured on video. The incident occurred in Asaba, Delta State, according to the report. This unpleasant method was chosen by the individual whose cash had been missing for two months in order …

Assin Central Member of Parliament, Kennedy Agyapong has revealed that despite being in charge of several businesses, he does not take bank loans. According to him, the sole reason for that posture is because of the ridiculous nature of interest rates charged by the banks. Addressing students of the University of Professional Studies …

The Founder of defunct Capital Bank, William Ato Essien, has said that he received some ¢27.5m as finder’s fee, out of ¢620m given to his bank as a liquidity support According to Ato Essien who is standing trial for embezzlement, he earned the payment as commission, having facilitated payment of …

Bank of Africa, Stanbic and Calbank offered the highest cost of credit The report is based on information collected from banks The APR reflects the true cost of a loan and processes undergone for its approval The September 2021 Annual Percentage Rates (APR) by the Bank of Ghana has revealed that Republic …

Davido to meet with Wema bank officials following social media fundraiser Davido realised over N170million from a fundraiser Celebrities and fans were among the many donors  Nigerian singer, Davido has taken to his verified Twitter account to announce that the bank he opened an account with for his fundraiser, Wema Bank, has scheduled …