Tag Archives: SAVINGS

‘I have no savings after 40 years of selling kenkey’ – Woman cries

After selling ‘kenkey’ throughout her adult life, Akua Anamoah cannot boast of a meaningful life in Accra. Narrating her story to crimecheckghana.org, the sexagenarian says she sleeps outside in the open with her six children, one of whom has given birth. Her husband she says only does menial jobs and …

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‘Some savings accounts operate like current accounts’ – Bankers Association argues BoG directive

• The Bank of Ghana (BoG) has directed banks to put an end to charging customers unfairly • But the Bankers Association argued some savings accounts operate like current accounts •The directive is under Section 3 of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) The Ghana Bankers …

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Planned shutdown of some ‘troubled’ Savings and Loans companies eminent

The Bank of Ghana (BoG) would in coming weeks move in to “close down” some “troubled” Savings and loans companies that are facing “serious” financial challenges. This is based on some engagements that central bank have had with these institutions over their “worsening” financial position; which has necessitated the regulator …

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