Dzata Cement has explained the collapse of UT Bank could not have been because the company defaulted in repaying a loan facility.
The fate of staff of five banks collapsed by BoG to form the new Consolidated Bank Ghana (CBG) Limited, will be decided after 60 days, Joy News has learned.
The Senior Minister, Osafo Marfo says the rate at which commercial banks lend to customers will be standardised soon.
The Finance Ministry accepted all ¢471 million ($98 million) worth of bids tendered for a 3-year domestic bond issued on Thursday.
If you’ve ever taken a loan from a bank or any financial institution, then you know that paying back is not always easy.
The restructured VAT rate, Luxury Vehicle Tax and 35 percent tax on persons earning more than ¢10,000 cedis is to be implemented from August 1, 2018.
Some insurers who have stood the test of time, as well as others who have rolled out innovative policies over the years, were awarded at the maiden edition of the Ghana Insurance Awards.
The Vice-President has said notwithstanding the recent volatility of the cedi, data shows that it has seen the slowest depreciation against the US dollar for the first 18 months of any government since 1993.
The Akufo-Addo administration says its objective is not to only make gains in Fiscal and Macroeconomic indicators only but to utilise such gains in improving on the quality of lives of citizens.
The January to May 2018 fiscal performance shows that the Total Revenue and Grants fell short of target by GH¢1,428.7 million, representing 0.6 per cent of GDP.
Ghacem, Ghana’s leading cement manufacturer has organised a stakeholder conference for its distributors.
Management of SIC Financial Services Limited says the recent corrective measures taken by the Central bank have not affected their operations.
The World Bank last Friday approved two International Development Association credits of $60 million for the Ghana Energy Sector Transformation Initiative Project and the Ghana Tourism Development Project.
Ghana Commercial Bank, GCB has committed GH¢1 billion towards the 'One District One Factory' initiative by the government.
The Controller and Accountant General’s Department says salaries of state agencies will be put on hold if such agencies exceed their compensation budget starting end of July this year.
To support the inclusive finance entity’s ongoing expandion strategy, Afb Ghana has increased its bond issue by two thirds, to total GH¢200 million.
The Association of Microfinance Companies says it is confident the Bank of Ghana will extend the deadline for meeting the minimum capital requirement.
Inlaks recently announced the receipt of the ISO 9001:2015 and ISO 20000:2011 Certifications.
Vice President Dr Mahamudu Bawumia has announced that government will soon pass a fiscal responsibility law.
Businesses are calling for action as the country witnesses a period of a fast depreciating local currency.
Readers would recall the displeasure that followed the aftermath of the June 3 disaster when some motor insurance clients had their motor insurance claims repudiated.
A team from the IMF visited Accra from June 20-26, to discuss recent economic developments and the outlook for the remainder of the year.
The Ghana Water Company Limited says it has increased revenue collection from ¢55 million to ¢63 million from February to May this year, due to prudent management practices.
Some 96,904 cross-network mobile money transactions took place in the first month of the launch of mobile money interoperability.
The IMF team is in Accra on a staff visit to ascertain the preparedness of the country’s march towards exiting the Fund-supported Program by the end of the year.
The new President of the Association of Certified Financial Markets (ACI), has said fair prices and availability of enough forex on the market can go a long way to reduce the operations of ‘black market’.
The Head of Reinsurance of GLICO General Insurance Co. Ltd. (GLICO General), Mrs. Angela Asante, has been appointed as Head of National Sales.
The maiden Ghana Insurance Awards would be held at the prestigious Kempinski Gold Coast Hotel on July 27, 2018 at 6pm.
Ghana ranked third in the first edition of the African Sovereign Wealth Fund Index polling 62 out of 100 %. Nigeria and Rwanda scored 62.49 % and 62.24 % respectively.
Ghana risks losing the huge investments that government and private sector entities have made to roll out the single window platform in the country in the last 16 years.
A Microfinance consultant has stated microfinance companies in the country should not be regulated in the same way as mainstream financial institutions.
The African Centre for Energy Policy, ACEP is demanding accountability on a GH¢400.9 million oil revenue that was not utilized in the 2017 budget.
A member of the Council of State has said that no government is interested in destroying any business especially home-grown businesses.
Finance Minister Ken Ofori-Atta will assume Chairmanship of the World Bank/IMF Development Committee at the 2018 Annual Meetings in Bali in October 2018.
BoG Governor has said the launch of Mobile Money Interoperability Payment System is an important milestone towards an integrated and interoperable electronic payments environment.
Occupy Ghana has written to the Office of the Vice President and the Bank of Ghana, requesting for details of the contract signed between the Bank of Ghana and Sibton Switch Systems Limited.
Debt levels that quadrupled in a decade have made emerging markets vulnerable to tightening financial conditions in the era of rising U.S. interest rates, Fitch Ratings said.
International Finance Corperation (IFC), together with the Mastercard Foundation, today released a new report documenting the transformation underway in financial inclusion in Sub-Saharan Africa.
After selling $2 billion of Eurobonds, Ghana will prioritize lowering its interest burden and raising revenue to make sure it can continue to service debt, said Finance Minister Ken Ofori-Atta.
AirtelTigo congratulates the Bank of Ghana, GhIPSS and all stakeholders on the implementation of Mobile Money Interoperability.
State Insurance Company has revealed all government buildings in the country are uninsured in breach of insurance laws
ISSER has called for a more robust domestic resource mobilisation for sustainable national development.
Ghana has concluded discussions with renowned online payments system Paypal and will, therefore, become one of the Paypal-compliant countries soon, Vice President Dr Mahamudu Bawumia has announced.
A former Director-General of the Ghana Health Service, Prof. Agyemang Badu Akosa has called on insurance professionals to ‘abide by professionalism and ethics of the insurance profession’.
Sub-Saharan African nations affected by increasing public-debt levels and non-performing loans must take action to address rising vulnerability, the International Monetary Fund said.
Blended finance is a new buzzword in the development finance discourse. While some key definitions and modalities are still under debate, the OECD Development Assistance Committee (DAC) has set out the “rules of the game” alongside publication of a flagship report.
Juapong Textiles and Akosombo Textile Limited are set to receive their portion of funds allocated for existing but struggling companies as part of the stimulus package programme by the government.
E.S.L.A Plc has paid its first tranche interest payments to holders of the seven and 10-year papers.
President Nana Akufo-Addo has stated that as his administration seeks to establish a world-class labour force comparable to any in the world.
The International Monetary Fund’s (IMF) board on Monday approved the next disbursement of about $190 million under Ghana’s aid program, two sources at the Washington-based lender told Reuters.
Indigenous Oil marketing firm Goil has announced its intention to go into electronic money transfer business.
An Electronic Banking Expert, Ebenezer Yalley, has joined the call for mobile money service providers to consider reviewing charges customers pay on mobile money transactions.