ALL POSTS FILED UNDER: BANKS
Gh¢244.32m fraud hits banks, others
Add a Comment-From 1,001 fraud incidents reported by banks in 2016 -Public also filed additional 1,529 complaints The total monetary value involved in all reported fraud cases by financial institutions, both successful and attempted, for the year 2016 amounted to approximately GH¢244.32 … Read more →
Banks write off a whopping GH¢609m
Add a CommentBANKS wrote off GH¢609 million as bad debts in June 2017, compared with GHc541.8 million provision made in June 2016, according to the Bank of Ghana’s (BoG) Financial Stability report for July 2017. The year-on-year growth was 12.4 percent in … Read more →
Banks must consolidate to lead govt’s ambitious initiatives – Experts
Add a CommentBanking experts and stakeholders in Ghana’s financial space are pushing for stronger regulation and consolidation of banks and financial institutions so they can lead government’s ambitious development agenda. Consolidation in the banking sector, they maintain will lead to fewer, but … Read more →
Banks to lose GH¢ 6bn gov’t cash
Add a Comment-Closure of 6,000 accounts in commercial banks begins – Fears of liquidity crisis in affected banks looms MOVES by government to close down over 6,000 multiple bank statement institutions operate at commercial banks and consolidate them into a Treasury Single … Read more →
Banks offer COCOBOD $1.7bn
Add a Comment-Far and above $1.3 billion loan request made to international banks AFTER a road-show in London in the United Kingdom, Ghana Cocoa Board (COCOBOD) has received over $1.7billion worth of bids from international banks. This amount is far and above … Read more →
Banks record good showing in first quarter of the year
Add a CommentA NUMBER of banks have recorded improved performances in their financial positioning in the first quarter of this year compared to the same period last year, according to their unaudited first quarter 2017 results. Almost all the banks that have … Read more →
Banks write off GH¢631.8 million
Add a Comment•Due to economic slowdown, high operational costs Banks operating in Ghana made a provision of GH¢631.8 million as bad debts in their books at the end of July 2016, the latest Financial Stability Report indicates. The is attributable to the … Read more →
PHOTO: 4 Nigerians dupe Banks GH¢2m
Add a CommentThe Commercial Crime Unit of the Police Criminal Investigation Department (CID) has arrested four people for allegedly defrauding three top banks to the tune of over GH¢2 million through their (banks’) Automated Teller Machines (ATMs). The four, according to Superintendent Felix Mawusi, director in-charge of the Commercial … Read more →
(Selorm) | 
(Nana Kwesi)