Former 2nd deputy Governor of the Bank of Ghana, Dr. Johnson Asiama has narrated how he was called by the Finance Minister, Ken Ofori Atta and asked to resign so that the president could appoint his own person to fill the position. According to him, his departure from the Central Bank had nothing to do […]
Ex-staff of some banks whose licenses were withdrawn by the Bank of Ghana will be considered for payment in place of the Central Bank “on humanitarian grounds,” the regulator has said. Elsie Addo Awadzi, Deputy BoG Governor said the Central Bank is prepared to waive its second position for the sake of the workers of defunct UT and Capital Banks so that they get some benefits […]
By: Maxwell Akalaare Adombila The Bank of Ghana (BoG) will, this week, announce the list of banks that have successfully raised their minimum capitals to GH₵400 million in compliance with its earlier directive, which elapsed on December 31, 2018. Ahead of the official announcement, Graphic Online is making the following informed predictions based on reliable […]
Economist Professor John Gatsi has attributed the recent upsurge in the number of victims of failed investment and financial institutions to ineffective investment warning notices and weak financial literacy. He has also admonished the public to refrain from labeling victims of ponzy schemes such as DKM and Menzgold as criminals and greedy people. According to […]
The Majority Leader and Minister for Parliamentary Affairs, Osei Kyei Mensah Bonsu has disclosed that the erstwhile National Democratic Congress (NDC) administration gave Ghana’s sovereign bond proceeds to a private Bank to manage. Falling short of mentioning the name of the bank, the ruling New Patriotic Party Member of Parliament for Suame Constituency in the […]
The Agricultural Development Bank (adb) has announced its readiness to meet the central bank’s minimum capital requirements of GH400million as the December 31 deadline fast approaches. This follows an approval by shareholders of the bank to source for additional funds of about GH¢310million to meet Bank of Ghana’s minimum capital requirement. The announcement was made […]
The Majority Leader and Minister for Parliamentary Affairs, Osei Kyei Mensah Bonsu has revealed that some banks in the country deposited their monies with gold trading firm, Menzgold. According to him, the Bank of Ghana should solely take culpability for the crisis that has rocked the financial sector in the country, saying ‘’the monitoring division […]
Kwame Asare Obeng, popularly known as A-Plus has lampooned and berated president Akufo-ddo and the ruling New Patriotic Party government for politicking the 60 bed capacity Bank of Ghana Hospital, christened the Bank Hospital. According to him, the indifference of the government towards opening the hospital for operations emanates from the fact that it was […]
The Senior Minister, Yaw Osafo Maafo has revealed that the Economic and Organised Crime Office (EOCO) is on the heels of officials of the Bank of Ghana who are suspected to have played one role or the other leading to the collapse of the seven indigenous banks. According to him, the public perception that nothing […]
The Minister for Finance, Ken Ofori Attah has described as shocking how some top officials of the Bank of Ghana and the Ministry of Finance invested in gold trading firm Menzgold. According to him, the officials who can best be described as elite and who should have known better, were rather those who chose to […]
Yesterday was Vice President, Dr. Mahamudu Bawumia’s birthday and we bring a peep into his life covering his educational, professional and political background. He was born on October 7, 1963 in Tamale He attended the Sakasaka Primary school in Tamale, and gained admission to Tamale Secondary School in 1975 and completed in 1982. Between 1982 […]
The President Nana Addo Dankwa Akufo-Addo, has revealed that the rationalisation of the banking sector, undertaken by his Government, has ensured that deposits of one million, one hundred and forty-seven thousand, three hundred and sixty-six (1,147,366) Ghanaians were saved. Speaking at the inauguration ceremony of the new Standard Chartered Head Office on Wednesday, 3rd October, […]
