A summary of economic and financial data published by the Bank of Ghana puts the country’s total public debt at GH₵198 billion as at the end of March 2019. This means that GH₵24.8 billion was added to the public debt in the first three months of 2019. While the nominal debt figure continues to rise, […]
The Bank of Ghana (BoG) will today begin the circulation of its enhanced GHc10, GHc20 and GHc50 notes. According to the Bank of Ghana, both the old and the new notes will be used concurrently until the old ones are phased out. New features on the new notes include a gold stripe, a watermark, a […]
The Bank of Ghana will on Monday May 6 2019 introduce upgraded banknotes with enhanced features. The move according to the Central Bank is in line with the evolving changes in the technological landscape. A press release issued by the Bank a while ago, explained that the upgraded banknotes also come with improved durability and […]
The Minister of Finance, Ken Ofori-Atta, has stated that the cedi is performing better under the Nana Addo administration. He explained that the cedi recently suffered some turbulence despite the strong economic fundamentals and improvement in the country’s balance of payments, which the government achieved in the last two years. “It is also noteworthy that […]
Workers of erstwhile Capital Bank and UT Bank are appealing to the Bank of Ghana (BoG) to, at least, offer them a 50% discount on the loans they took while working with their respective banks. Their appeal follows information from the Joint Receivers indicating that their exit pay will be paid without any discount on […]
RE: RECKLESS STATEMENTS BY MR. OMARIE WAADIE, 3RD NATIONAL VICE CHAIRMAN OF NPP ON JOY NEWS LINKING ME, JOHNSON P. ASIAMA (DR.) TO THE MENZGOLD ISSUE My attention has just been drawn to a panel discussion that took place on JoyNews Live at around 18:30hrs today (January 16, 2019). In the said discussion, Mr. Omarie […]
Distressed gold trading firm, Menzgold says government’s position on its predicament vindicates the company’s long held position that it was not under the Securities and Exchange Commission or the Bank of Ghana and therefore could not be sanctioned by the two state entities. In a statement cataloguing its position on the Menzgold matter yesterday, government […]
By Selorm GBORBIDZI, Accra Despite assurances by the Minister of Finance, Ken Ofori-Atta that workers of the now defunct UT and Capital Banks would be paid, the workers are still yet to receive their benefits. The workers, who number about 1200, in a press statement signed by the their representatives Phillip Yawson and Raymond Addai […]
The deadline for both new and existing banks operating in Ghana to meet the new minimum capital requirement as set up by the Central Bank of Ghana has since expired. As citizens who are supposed to be active ones and not spectators, we call on the regulator of all financial institutions in Ghana to make […]
Customers of Gold trading firm Menzgold say they were enjoying their investments with the company over the last 5 years without any challenges until government decided to ‘muddy’ the waters for them. According to the customers who stormed the streets of Accra yesterday to protest the delay by the company in paying them their entitlements, […]
A pro opposition National Democratic Congress (NDC) group known as the Northern Alliance for NDC is impressing on the leadership of the party, particular the one that will emerge as the party’s flag bearer to appoint former deputy governor of the Bank of Ghana, Dr. Johnson Asiamah as running mate for the party, going into […]
Gold trading firm Menzgold Ghana has refused to tell the actual number of people who are customers of the company. This is because at a press conference organized by the company Thursday September 27, 2018 to outline a payment plan for customers of the company whose dividends are due, the company blatantly refused to answer […]
