Banks closure: Corporate governance consultant wants those involved punished

Corporate governance consultant Marian Barnor has emphasized the need for a corporate governance code for businesses to be developed.

Banks closure: CIB calls for regulatory compliance, strong ethical culture

Chartered Institute of Bankers Ghana (CIB) has described the collapse of the five banks and subsequently been consolidated as an unfortunate situation.

Funds used in supporting liquidated banks will be accounted for – Ofori-Atta

Finance Minister Ken Ofori-Atta has assured that state funds used in supporting the liquidated banks will be fully accounted for.

Latest Stories From Banking
I’m sorry BoG; Menzgold boss eats humble pie

The Chief Executive of gold dealing firm, Menzgold has eaten humble pie after calling the bluff of the Bank of Ghana.

Posted: 3 hours ago   Views: 21681
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Foreign investor packed out of Sovereign Bank after first-year losses

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.

Posted: 7 hours ago   Views: 6296
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Ban shareholders of companies from holding management positions – Andani

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.

Posted: 13 hours ago   Views: 1900
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Some local banks hit by panic withdrawals

Some local banks are said to be under pressure due to current challenges facing the banking sector.

Posted: 1 day ago   Views: 4021
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Banks collapse only deliberate attempt to dupe state – Ato Forson alleges

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.

Posted: 1 day ago   Views: 6973
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Let’s collaborate to prevent collapse of banks – Internal Auditors

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.

Posted: 1 day ago   Views: 1598
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UT Group lost its vision- Amoabeng opens up on collapse

The former Managing Director of UT Bank has admitted his outfit lost its vision which partly led to the collapse of the UT Bank.

Posted: 1 day ago   Views: 12341
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Omni Bank in talks to merge with Sahel Sahara Bank

Omni Bank and Sahel Sahara Bank are in serious talks that could end up with these two institutions margining their operations.

Posted: 1 day ago   Views: 9914
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Revealed: Menzgold not licenced to sell, trade gold locally

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.

Posted: 2 days ago   Views: 29589
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Ghana Connect: Defunct Capital Bank manager blames BoG for lack of supervision

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.

Posted: 4 days ago   Views: 7522
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