Corporate governance consultant Marian Barnor has emphasized the need for a corporate governance code for businesses to be developed.
Chartered Institute of Bankers Ghana (CIB) has described the collapse of the five banks and subsequently been consolidated as an unfortunate situation.
The Chief Executive of gold dealing firm, Menzgold has eaten humble pie after calling the bluff of the Bank of Ghana.
A foreign company changed its mind about investing in Sovereign Bank after a look into the bank’s books revealed millions in losses after only 15 months of existence.
Managing Director of Stanbic Bank Ghana Limited Alahassan Andani has called for a new regulation, which will ban individual majority shareholders from being part of the top management of firms they have invested in.
Some local banks are said to be under pressure due to current challenges facing the banking sector.
A ranking member of Parliament's Select Committee on Finance has attributed the recent bank closures to some greedy individuals who are bent on duping the state.
The Institute of Internal Auditors Ghana has charged external auditors to collaborate with internal auditors to ensure that firms follow controls and comply with accounting standards.
The former Managing Director of UT Bank has admitted his outfit lost its vision which partly led to the collapse of the UT Bank.
Omni Bank and Sahel Sahara Bank are in serious talks that could end up with these two institutions margining their operations.
It has emerged that Menzgold's business module of buying gold and subsequently advancing interests to investors in Ghana is in clear breach of its licence agreement.
A former manager of Capital bank has questioned the Central Banks' supervisory role in the face of damning revelations about seven banks’ which have collapsed within the last one year.
The newly established Consolidated Bank Ghana Limited has overtaken GN Bank and Ecobank Ghana Limited to become the second biggest bank by branch network in the country.
The staff of the five defunct banks now with Consolidated Bank Ghana have called on the Industrial and Commercial Workers Union (ICU) to help negotiate exit package on their behalf.
A financial autopsy report into the collapse of UT bank has linked the indigenous bank's demise to huge non-performing loans including those of Ibrahim Mahama, brother of then-President John Mahama.
Chinese businesses have begun talks with the management of GCB Bank with the view to foster business relations for their mutual benefit.
It has emerged that some loans granted by UT Bank to companies owned by Ibrahim Mahama and MP, Alexander Afenyo Markin allegedly flouted banking regulations.
Ghana’s debt is set to hit about 72.4% of GDP by the year of the year, ratings agency Moody’s has predicted.
Management of Bosomtwe Rural Bank has increased its dividend payment by 42.33 per cent from 663,715.68 Ghana in 2016 to 944,695.64 Ghana cedis as of last year.
Amenfiman Rural Bank has revealed plans to increase its capital base to GH¢5 million by next year.
Staff of the newly-established Consolidated Bank will have their employment assessed after a 60-day period to determine whether they are to continue working with the bank or not.
Lawyers for the embattled founder of Capital Bank, William Ato Essien, have said reports about their clients in the public domain is not accurate.
First Capital Plus Savings and Loans company needed ¢60m to become a bank in 2013. It has turned out they did not need this money. They just needed the BoG to look the other way.
Former Rector of the Ghana Institute of Management and Public Administration (GIMPA), Professor Stephen Addae says he has no hand in the fall of Beige Bank.
Joy News is learning that a number of BoG officials who made the bad calls that led to the collapse of a total of seven indigenous banks have been transferred.
Professor John Gatsi has said the Bank of Ghana failed to undertake broader stakeholder consultations before starting the indigenous banks’ recapitalisation exercise.
The Institute of Chartered Accountants, Ghana (ICAG) says it has begun an enquiry into the role of auditors in the collapse of the seven banks.
Our attention has been drawn to publications and discussions in the media on the Bank of Ghana report on Capital Bank Limited.
The setting was October 2015. Capital bank was struggling and would heave a huge sigh of relief after ¢610m bail-out money from the central bank hit their account. Thank you Bank of Ghana.
A financial autopsy report into the collapse of Capital bank has revealed its majority shareholder used 80m of depositors and public funds was used as his personal piggy bank.
Auditing power brand, KPMG, says it has not been involved with the Ghana Banking Awards since 2012.
There are fresh revelations by the Central Bank detailing what auditors term “willful deceit” on the part of shareholders and directors of defunct UT and Capital Banks.
The Bank of Ghana has indicated that it is working with other agencies to take appropriate actions against the gold buying firm Menzgold.
Barclays Bank Ghana’s parent company, Absa Group Limited, reported an increase in earnings and income for the first half of 2018 and underscored its commitment to growth in Africa.
The lawyer for the former Board Chair of defunct Sovereign Bank has challenged the Central Bank's assertation that the bank obtained its license under false pretense.
Implementation of the Bank of Ghana’s laws and guidelines on Anti-Money laundering will see a financial entity that falls under the supervisory arm of the Bank of Ghana have their license revoked.
The head of banking supervision at the Bank of Ghana admits there were errors in oversight following the collapse of five banks last week, but he has a stern warning for financial institutions moving forward.
Insurance giant, SIC Insurance, is considering establishing a bank very soon to spur growth.
Governor of the Bank of Ghana, Dr. Ernest Addison, has revealed that the decision to collapse some five troubled indigenous banks was a painful decision.
The Trades Union Congress has welcomed a recent consolidation of five struggling banks by the Central Bank but has warned against possible job losses.
A Ghanaian financial consultant based in Canada has called for an independent probe into the collapse of the five indigenous banks.
The former directors of the five banks which were closed down by the Central Bank on Wednesday may struggle taking up new jobs in the banking sector.
A financial analyst has argued that the Bank of Ghana should have exercised more leniency in the consolidation of the five defunct banks.
The host of Good Evening Ghana has called out the BoG Governor for absolving the Central Bank from the mess five banks found themselves in leading to their closure.
Local rice dealers have called for more diligence at the ports and other entry points in a bid to prevent importers from under-declaring their goods.
The Managing Director of ARB Apex Bank the regulator for the sector Kojo Mattah has hinted of plans to list some of these banks on the Ghana Alternative Exchange.
Joy Business is learning that the headquarters of the defunct Sovereign Bank will serve as the head office of Consolidated Bank Ghana.
Corporate governance expert, Marian Barnor, has said the board members of the five banks that have been consolidated must face sanctions for breaching the law.
Government has been advised to review the Executive’s powers in the appointment of the Board of Directors of the central bank to ensure proper scrutiny and supervision.
The Bank of Ghana has been sued after it annulled shares of two companies in adb that scuttled their moves to hand over a controlling stake to a struggling bank, unibank.
Access Bank Ghana has met the new minimum capital requirement set by the Bank of Ghana ahead of the stipulated deadline in December.
Financial experts are asking the Bank of Ghana (BoG) to take action on shareholders and directors whose actions or inactions have left their institutions in distress.