ALL POSTS FILED UNDER: BANKS
Banks reported a total count of 716 fraud cases in 2024 – BoG report
Add a CommentA report by the Bank of Ghana (BoG) has revealed that in 2024, banks reported a total count of 716 fraud cases. This indicates a 26% drop from the count of 969 cases in 2023. According to the report, this … Read more →
ECG, banks, NHIS renewal, other services already operate 24hr economy – Miracles Aboagye to Mahama
Add a CommentA Presidential Staffer, Mr Dennis Miracles Aboagye has asked former President John Dramani Mahama to clarify his proposal of creating a 24-hour economy should he be elected as president. Miracles Aboagye indicated that there are several services that are already being rendered … Read more →
Top banks in Ghana post first loss as nation restructures debt
Add a CommentGhana’s move to restructure its local-currency and overseas debt has resulted in the first loss on record for two of the West African nation’s top banks. GCB Bank Plc, the country’s largest lender by assets, posted a 593.4 million cedis … Read more →
Govt reaches revised agreement with banks; Govt to pay 5% coupon this year
Add a CommentThe government has agreed to pay five per cent coupon (interest) on bonds for this year. It will also pay a single coupon of nine per cent on the 12 new bonds it proposes to issue to domestic bondholders who … Read more →
BoG meeting with banks, forex bureaux over cedi fall takes off
Add a CommentThe Bank of Ghana (BoG) meeting with Managing Directors of Banks and some forex bureaux as part of moves to stabilize the forex market today, Tuesday October 25 has commenced in Accra. The ongoing meeting also forms part of efforts … Read more →
Banks must reduce interest rates – Ken Agyapong
Add a CommentThe Member of Parliament (MP) for Assin Central, Kennedy Agyapong, has called on commercial banks to reduce interest rates to stimulate economic activity. “Interest rates in Ghana are very ridiculous and make it virtually impossible for local businesses to compete … Read more →
No Ghana Card, no banking – Banks ready to comply
Add a CommentBanks have expressed their readiness to comply with a Bank of Ghana (BoG) directive that mandates them to use only the Ghana Card in identifying their customers before transacting business with them. The Ghana Association of Bankers (GAB) said the … Read more →
‘Provide armoured bullion vans or We’ll stop escorting your cash’ – IGP to banks
Add a CommentIn the wake of incessant robbery attacks on bullion vans in the country, the Inspector General of Police, James Oppong-Boanuh, has asked banks to provide fortified armoured vehicles for carting money. The vehicles used by most banks operating in Ghana … Read more →
Banks have not passed on Covid-19 costs to customers – BoG boss
Add a CommentGovernor of the Bank of Ghana (BoG) Dr Ernest Addison has said Ghana’s Financial Soundness indicators are strong and Banking Sector Stability Index monitored by the Bank remains in high positive territories, indicating the resilience of the sector. According to … Read more →
Banks lose GHc19.1m to theft committed by own employees – BoG report
Add a CommentA Bank of Ghana report on banking fraud in the country has revealed that there is a growing number of employees of banks either stealing from customers or from their employers. The report prepared by the Financial Stability Department of … Read more →
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