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, […]
Several days after releasing a payment schedule to ensure customers access their dividends, gold trading firm, Menzgold is yet to fulfill the promise. Scores of customer yesterday October 2 and today October 3 2018 have besieged the company’s premises across the country in anticipation of receiving their monies. BestNewsGH.com’s visit to the company’s office in […]
New patriotic Party (NPP) Member of Parliament for Assin Central Constituency in the Central Region, Kennedy Ohene Agyapong is appealing to the generality of the Ghanaian people to have trust and confidence in the banking sector by depositing their monies there. According to him, the recent banking crisis has scared many people who have now […]
Politician cum Businessman, Kennedy Ohene Agyapong wants president Nana Addo Dankwa Akufo-Addo to expatiate further on his admission that the country is currently faced with some challenges. The New Patriotic Party (NPP) Member of Parliament Assin Central Constituency in the Central Region says the president has been candid with the Ghanaian people on the challenges […]
The Bank of Ghana (BoG) cannot absolve itself from the recent ‘catastrophe’ that has rocked the banking industry, leading to the collapse of a number of financial institutions, the Asantehene, Otumfuo Osei Tutu II, has stated. He said either deliberately or as a result of its weak supervision, the regulator could not have been ignorant of […]
Chief Executive Officer of the Ghana Cylinder Manufacturing Company (GCMC), Frances Essiam is impressing upon the Bank of Ghana to extend the same measures it used in dealing with the banking sector crisis, to the forex system in the country. According to her, there is need for an absolute and deliberate effort to sanitize the […]
