The BoG revoked the license of UT Bank in 2017, an action has been triggered by the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now.
Revelations by the Central Bank indicate what auditors term “willful deceit” on the part of shareholders and directors of defunct UT and Capital Banks.
The infographic below details the shareholding structure of UT Bank before its collapse in 2017.
An exclusive financial autopsy report into the collapse of Capital bank has revealed its majority shareholder used ¢80m of depositors and public funds for his personal piggy bank.
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 (BoG) has announced it is creating the Consolidated Bank Gh. Ltd to take over five struggling banks in the country.
Government has appointed Daniel Wilson Addo as CEO of the newly created Consolidated Bank Ghana Limited.
The Bank of Ghana announced it is creating the Consolidated Bank Gh. Ltd to take over some struggling banks in the country.
The GRA the implementation of the law to levy vehicles with high engine capacities takes effect from Wednesday, 1st August 2018.
Joy News’s investigations have uncovered how the GBC evaded the payment of penalty for overloading haulage trucks to the tune of more than 90 million dollars over a period of six years.
The Bank of Ghana (BoG) has released its summary of economic and financial data for July 2018.
The daily minimum wage has been raised by 10 percent, reaching ¢10.65 from ¢9.68.
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 State has levelled criminal charges against former Director-General of the SSNIT, Ernest Thompson and four others, over controversial $72 million OBS contract awarded to Perfect Business Solutions.
A lack of space in senior high schools is one of the reasons government will be rolling out the double-track or semester system in September.
Government is finalising steps to start the double-track or semester system to boost enrollment under its flagship free SHS education programme.
Head of the Institute of Economic Affairs (IEA) Jean Mensa has been nominated Chairperson of the Electoral Commission.
St Peter’s Senior High School is the best Science and Mathematics School in Ghana after beating West Africa Senior High School and Adisadel College to win the 2018 edition of the National Science and Maths Quiz.
The Ministry of Education says it will soon probe unsatisfactory results for Core Mathematics and English Language in the 2018 West Africa Senior Secondary Certificate Examination (WASSCE) results released recently.