ALL POSTS FILED UNDER: BOG
Shareholders of Capital Bank will not be compensated – BoG
Add a CommentFollowing the collapse of UT Bank and Capital Bank, the Bank of Ghana has indicated that the shareholders of Capital Bank will not be compensated. The same may apply to UT Bank shareholders, though the central bank is considering compensating shareholders listed … Read more →
UT and Capital Banks are the only 2 insolvent banks in the system – BoG
Add a CommentThe Bank of Ghana has urged depositors, there is no cause for panic following the collapse of two Ghanaian-owned banks. “I can emphatically tell you that these are the only two insolvent banks in the system”, the Governor of the … Read more →
BoG announces planned capital increase for banks
Add a CommentThe Governor of Bank of Ghana, Dr. Ernest Addison, has disclosed that the planned increase in capital requirement for banks would be announced in the first week of September. The Governor of the Bank of Ghana disclosed this at the … Read more →
BoG to continue policy rate cut – Fitch report
Add a CommentTHE Bank of Ghana (BoG) will continue its easing cycle, Ratings Agency, Fitch has stated in a report, adding the regulator will review downwards its policy rate forecast for the end of 2017. “The latest cut came on the back … Read more →
BoG shelves decision to increase minimum capital requirement
Add a CommentThe central bank is putting on hold its move to announce a further increase in the minimum capital requirement for commercial banks in the country. The Bank of Ghana had indicated that it was increasing the minimum capital requirement as … Read more →
BoG reduces policy rate to 22.5%
Add a CommentThe Monetary Policy Committee of the Bank of Ghana has reduced the policy rate from 23.5% to 22.5%. The policy rate is indicative of the rate at which the Central Bank lends to Commercial banks. Per the new rate it … Read more →
BoG will not finance budget deficit – Governor
Add a CommentGHANA’S central bank will not finance the government’s budget, its new governor, Ernest Addison, said on Friday as the regulator seeks to keep fiscal consolidation on track. Ghanaian lawmakers last year passed a law allowing the central bank to finance … Read more →
BoG to ‘vomit’ $223m
Add a Comment– As PIAC demands refund of misapplied oil revenue THE Public Interest and Accountability Committee (PIAC) is demanding a refund and retrieval of over $300 million of petroleum revenues. According to PIAC, the monies have been misapplied and should, therefore, … Read more →
BoG under IMF pressure to tackle weaknesses in Ghana’s banking
Add a CommentTHE Bank of Ghana (BoG) has three months to come out with its recapitalization plan for banks in Ghana to avert a deepening of the current instability in the country’s financial sector, Business Finder can reveal. The International Monetary … Read more →
BoG to stop purchase of gold watches
Add a CommentThe Bank of Ghana is set to stop the purchase of gold watches meant to be given out as part of end of service benefit to retiring staff of the institution. This is what Joy Business has picked up from … Read more →
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