The Bank of Ghana has made key changes to various heads of department positions as well as also merge some units.
The Managing Director and Chief Executive Officer of Energy Bank Ghana, Christiana Ekaete Olaoye has received another award for being among the Top 50 Corporate Women Leaders in Ghana in 2016.
Zenith Bank has indicated that it is willing to engage any commercial bank that may be struggling to meet the new capital levels, for possible acquisition.
Governor of the Bank of Ghana, Dr Ernest Addison, has blamed the lack of good corporate governance for the collapse of UT and Capital bank.
In all, about ¢9 billion could be pumped into the economy, now if this injection is not “met” with economic activities that could lead to inflation or call it, too much money chasing few goods on the market.
Capital requirement is the minimum amount of capital a bank or other financial institution has to hold as required by its financial regulator.
Bank of Ghana has outlined conditions for meeting the new capital level of GH₵400 million. According to a public notice by the Central Bank and signed by its secretary, Caroline Otoo , banks must recapitalize through fresh capital injection , Income surplus among others.
Fifteen banks in the country may struggle to meet the new capital levels introduced by the Bank of Ghana. This could force them to lose their license by January 1, 2019.
The Bank of Ghana has finally increased the minimum capital requirement for commercial Banks to ¢400 million from ¢120 million.
The GCAA want customers to feel safe, confident and secure when travelling.
Ecobank Ghana has clarified reports of massive layoffs at the bank. The bank recently laid off 181 contract staff.
First edition of the Ecobank Housing Fair has opened at the Aviation Social Centre in Accra. The fair forms part of the bank's resolve to help the country’s 1.7 million housing deficit.
GCB Bank has been adjudged the Best Compliance Employer of the year at the just ended Africa compliance professional awards in Accra.
The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking industry.
Finance Minister Ken Ofori-Atta has indicated that banks would be given up to a year to meet the new minimum capital requirement when the recapitalisation announcement is made.
The GCB Bank will review its lending rates downwards to the level of its existing corporate clients for the benefit of the corporate customers of the ex-UT and Capital Bank.
Ghanaians have been asked to do business with local banks to enable them to boost their capacity and keep them strong.
The total stock of loans that banks fear may go bad have reached close to GH8 billion as at June this year, the latest Bank of Ghana Banking (BoG) sector report said.
HFC Bank raised close to GH¢50,000 to help kick-start the HFC Infantana ride out malaria cycling tour.
The Bank of Ghana (BoG) may have spent over ¢5 billion in supporting “distress” banks, JOYBUSINESS gathered after going through the Central Bank’s financial reports over the past three years.
General Manager in charge of Risk Management at HFC Bank, Anthony Jordan has been confirmed as the bank’s new Managing Director.
Information gathered by Joy Business indicates HFC Bank (Ghana) Limited's General Manager in charge of Risk Management, Anthony Jordan is likely to be confirmed as the bank's new Managing Director.
The GCB bank has stated that the acquisition of Capital bank and UT bank was not an overnight decision.
Managing Director of Ghana Commercial Bank, Ray Sowah, welcomed staff of defunct Capital and UT bank to the new family of GCB.
Fidelity Bank has rewarded the first batch of winners in its Fidelity 10x Richer Promo.
The Managing Director of HFC Bank, Robert Le-Hunte has announced his early retirement from the institution.
The Central Bank has hinted at the possibility of job losses at two collapsed banks, UT and Capital Banks as GCB Bank rolls out its restructuring process, after acquiring them.
The industry first family promotion by Access Bank, “Abusua Akyɛdeɛ”, has held its first mini draw at the Bank’s Osu Oxford Street branch to reveal the first batch of winners.
Standard Chartered has appointed Professor Akua Kuenyehia and Henry Baye as Independent Non-Executive Director and Executive Director respectively, to the Board of the Bank.
The Central Bank says some officials of the two collapsed banks will be prosecuted if they are found to have breached its regulations in the discharge of their duties.
The Central Bank has provided answers to frequently asked questions regarding the take over of UT and Capital Bank.
The Bank of Ghana has approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd.
The Governor of Bank of Ghana, Dr. Ernest Addison has disclosed that the planned increase in capital requirement for banks would be announced in first week of September.
The Royal Bank (TRB) has revealed it is well positioned to meet the Bank of Ghana’s planned new minimum capital requirement.
The Bank of Ghana (BoG) has indicated that it is likely to announce a new minimum capital requirement for banks by September.
The Vice President Dr Mahamudu Bawumia has sworn in a new 13-member Board of the Bank of Ghana (BoG).
Stanbic Bank Ghana has been adjudged the Best Investment Bank in Ghana by Global Finance Awards at the 2017 Global Finance Awards in the UK.
President Nana Akufo-Addo appointed Lawrence Agyinsam as the Chief Executive Officer of Ghana’s Exim bank in March 2017.
Ghana Home Loans disclosed its mainstream banking operations is set to begin in the last quarter of this year.
Cal Bank launched a new brand image to stimulate financial technology and inclusion.
An astute businessman, Kwadwo Boateng Gemfi has been named as the Board Chairman of Ghana’s Exim bank.
Stanbic Bank Ghana, in its quest to build and maintain sustainable relationships with its customers, is to start an Enterprise Club this year.
UMB Bank has launched the UMB Foundation, an independent philanthropic entity organized to streamline the corporate social responsibility initiatives of UMB Bank and UMB Capital.
After almost three years of taking over majority shares of HFC bank, Republic Bank is now set to rebrand the bank.
The Universal Merchant Bank is confident it can reach whatever new capital the central bank will be introducing.
African financial institution, Guaranty Trust Bank plc, marks its tenth anniversary listing on the London Stock Exchange.
Universal Merchant Bank (UMB), one of Ghana’s leading financial institutions held its 45th anniversary celebration gala in Accra to commemorate over four decades of its existence and a proud history of banking excellence.
The President of the African Development Bank (AfDB) Group, Dr. Akinwumi Adesina is scheduled to pay a working visit to Ghana, from August, 1-3.
The first Deputy Governor of the Bank of Ghana (BoG) Millison Narh has retired from the institution.
Government has started moving state funds held with commercial banks to a dedicated account at the Bank of Ghana.
The rating agency Moody’s says the 150 basis points policy rate cut by the Bank of Ghana last week is credit positive for the country’s banks.
Access Bank has for the second time emerged winner of the ‘Outstanding Business Sustainability Achievement’ Award at the 2017 edition held in Germany on July 13th, 2017.