ALL POSTS FILED UNDER: BANK OF GHANA
Bank of Ghana writes off GH¢3.1bn in loans because of new accounting rule
Add a CommentThe Bank of Ghana (BoG) wrote off three times more of its loans in 2018 than it did in 2017. The action, according to the bank’s 2018 annual report, was largely due to a change in the method used to … Read more →
BoG Capital Requirement: 3 More Banks To Go
Add a CommentAt least three local banks are likely to cease to be in operations today as the Bank of Ghana readies to announce banks that have been unable to meet its new minimum capital requirement of GHC400 million. According to sources, … Read more →
Sibton Switch sues Bank of Ghana $1bn over terminated contract
Add a CommentA cancelled GH4.6 billion dollar deal between the Bank of Ghana and information technology service provider Sibton Switch has led to a billion-dollar law suit filed by the company, according to a Business and Financial Times (B&FT) report. The suit, … Read more →
Bank of Ghana to restructure uniBank
Add a CommentThe Central Bank has hinted that it will come out with a plan of action to restructure uniBank Ghana Limited, one of the 10 local banks that have appealed to President Nana Addo Dankwa Akufo-Addo to give them more time … Read more →
Bank of Ghana stands by recapitalisation deadline
Add a CommentIn spite of concerns raised by some banks on the directive by the Bank of Ghana (BoG) to them to raise their minimum paid-up capital to GH¢400 million by December this year, the central bank says its decision still stands … Read more →
Bank of Ghana taking over uniBank and all to know about it
Add a CommentThe Bank of Ghana has appointed auditing firm KPMG, as official administrators for uniBank Ghana Limited effective March 20, 2018. A statement from the Bank of Ghana says the appointment “is aimed at saving uniBank from imminent collapse”. “It will … Read more →
Bank of Ghana releases list of 319 microfinance companies in good standing
Add a CommentFollowing the recent challenges where customers of four microfinance companies have not been able to access their savings, the Bank of Ghana (BoG) has released a list of 319 licensed institutions in general compliance with guidelines. According to the bank, the move was … Read more →
Bank of Ghana warns Ghanaians about Bitcoin
Add a CommentThe Bank of Ghana is asking Ghanaians to be wary of Bitcoin, a digital currency largely seen as an alternative currency, because their interest cannot be protected by the bank. The central bank appears to be worried by the high … Read more →
Gov’t to borrow GH¢11bn in Quarter 1 – Bank of Ghana
Add a CommentGovernment will borrowGH¢11.134 billion in the first quarter of this year, the Bank of Ghana has revealed. This is less than GH¢6 billion borrowed in the first quarter of 2017. According to the issuance calendar, GH¢3.89 billion will be borrowed … Read more →
Growing mobile money accounts attracting fraudsters – BoG
Add a CommentMobile money regulator, Bank of Ghana (BoG), has identified the overwhelming growth in mobile money wallets/accounts, over the last two years, as the main attraction for fraudsters. Director of Payment Systems at the Central Bank, Dr. Setor Amediku, disclosed that … Read more →
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