About 19 banks are likely to meet the new capital requirement of GH₵400 million by December this year, Governor of the Bank of Ghana has said.
The Monetary Policy Committee of the Bank of Ghana has kept its key lending rates to commercial banks unchanged.
To maximize tax revenues from the banking sector, the government must properly tax profits of the banks, says a finance and banking expert.
As many as 63.4 percent of people working in the banking sector say they are willing to leave it, entirely due to factors like low salaries and unrealistic targets, a new survey by Acreaty Ghana – a human capital consultancy – has revealed.
The Head of Public Private Partnerships of the Universal Merchant Bank has said the Universal Merchant Bank (UMB) will continue to support government in its National Policy Summits.
Regional Director of the Chartered Institute of Leadership and Governance, Dr Bediako Asare, has called on the Bank of Ghana to reduce the minimum capital for indigenous banks to ¢250 million instead of the ¢400m
The Central Bank of Nigeria (CBN) on Friday announced the takeover of Skye Bank.
The country’s Balance of Payment (BOP) has strengthened consistently over the last eight months aided by oil exports, strong forex reserves and the issuance of Eurobonds by the government.
Sahel Sahara and Omni bank when merged will be called OmniBsic Bank Ghana Limited, Deputy Managing Director of Sahel Sahara bank has said.
All things being equal, the merger between Sahel Sahara and Omni banks is expected to be completed by October 18 this year with the full GH¢400 million minimum capital requirement.
GN Bank is currently in talks to merge with Premium and Heritage Bank, Joy Business sources reveal.
Omibank and Sahel Sahara Bank have signed a Memorandum of Understanding to aid its planned merger before December this year.
The Bank of Ghana has assured the public the fundamentals of the economy is sound and strong, despite recent depreciation of the Cedi.
Fidelity Bank has donated 907 Long Lasting Insecticide Treated Nets at a cost of ¢10,000 to students of Mampong School for the Deaf.
The management of financial services company, uniCredit has dispelled rumours that the consolidation of its sister company UniBank has taken a toll on them.
The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global pressures and the exit of investors from emerging markets cause the cedi to depreciate.
Menzgold has defied a directive from the Securities and Exchange Commission to stop trading in gold collectibles for operating without a licence.
Banking deposits have fallen their lowest in five years, an indication that uncertainties in the sector have made depositors wary, a survey by PricewaterhouseCoopers has revealed.
Former Finance Minister, Mr Seth Terkper, has stressed the need for a review of the country’s banking laws to incorporate same practices as used in other advanced countries.
Most commercial banks in the country do not see merging or being acquired as a prudent strategy in meeting the new capital requirement by the Bank of Ghana, a new PwC survey has stated.
Nala, Virtual Identity and Wallet.ng dazzled the judging panel to be the three winners of the 2018 Ecobank Fintech Challenge..
First Bank of Nigeria Limited has confirmed that the recapitalization of its wholly owned subsidiary, FBNBank Ghana to the revised minimum capital requirement is progressing according to plans.
Banks and other financial institutions that have long serving chief executives, board chairmen or non-executive directors have until the end of this week to defend why they should not compulsorily leave their positions early next year.
A labour and governance expert has hinted of legal action against Consolidated Bank Ghana and GCB Bank for the "unlawful" job losses at these banks.
A corporate governance expert has called on the Bank of Ghana to cause the termination of appointment of Alex Bernasko as Board chair of ADB.
A private legal practitioner has questioned Parliament’s decision to leave out the directors of the defunct banks in their recent probe into the financial crisis.
The Managing Director of Republic Bank Ghana Limited, Anthony Jordan will lead a Ghanaian business delegation to the Caribbean for the third Republic Bank Trade Facilitation Summit.
PricewaterhouseCoopers has recovered huge sums of money from some banking officials in the wake of the financial crisis.
The number of directors of the Agricultural Development Bank has dropped following the annulment of four institutional shareholders in the bank by the Bank of Ghana last month.
Akufo-Addo has spoken for the first time on the banking scandal, refuting claims that there is a government-led effort to collapse indigenous banks.
The Central Bank is working on a model to be issued to all commercial banks operating in the country as a measure to curb the ongoing recorded Economic and cybercrime in the banking sector.
President Nana Akufo-Addo has emphatically stated poorly managed local banks cannot expect government support following the collapse of seven banks.
Auditing firm, PricewaterhouseCoopers (PwC) says they have allotted severance packages to the Bank of Ghana.
A member of Parliament’s Finance Committee has argued that the decision to stick with an in-camera probe into the banking crisis is to protect the Ghanaian economy.
The Deputy Managing Director of Fidelity Bank Ghana, Julian Kingsley Opuni, has reiterated the bank’s support for healthcare delivery in the country.
The Receiver of uniBank Ghana Ltd has brought a suit against the Founder of uniBank, Dr Kwabena Duffuor and 16 others in the infamous bank collapse.
The founder and leader of the ICGC cannot be indemnified from the banking mess, Dr Emmanuel Akwetey has argued.
The Commissioner of CHRAJ says Parliament's Finance Committee must rethink its decision to hold an in-camera probe into the collapse of seven indigenous banks.
Pressure group, OccupyGhana, has presented its objection to Parliament's decision to probe the banking scandal behind closed doors in a strongly-worded petition.
Parliament’s Finance Committee will on Wednesday begin its probe into the collapse of seven indigenous banks in the country.
What exactly is the role of the Finance Minister?
Former Finance Minister Seth Terkper has said steps taken by the Bank of Ghana that led to the collapse of seven banks could have been avoided.
The stock of Non-Performing Loans in the banking sector reached GH¢8.74 billion in June this year, according to the latest banking sector report.
Lucky Raymond at least, would have something to smile about now as he says the donation is a critical lifeline for his new business.
The President and Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, has admonished Ghanaians to be circumspect in their condemnation of Ghanaian financial institutions.
The Deputy Secretary-General of the TUC has assured ex-staff of the defunct Capital and UT banks will be paid their severance package soon.
A circuit court in Accra has sentenced an Accounts Officer to four years imprisonment in hard labour for stealing cash in the sum of ¢109,501 belonging to Cal Bank.
The Ecobank Mobile App, aimed at helping customers to have quick and easy access to their accounts and other financial services has received tremendous patronage since its launch in November 2016.
A private legal practitioner, Ace Ankomah, has said the required legal backing for the recovery of depositors’ funds from the officials of the recently collapsed banks exists.
Ecobank Ghana moves to strengthen its digital platform to offer superior digital services to its customers.
Ecobank Ghana Limited has recorded an increase in its profit before tax in the first quarter of 2018 to GH¢216.22 million compared to GH¢192.85 million in the same period 2017, representing a 2.11 per cent increase.
The governments of Ghana and Germany have signed an agreement, Thursday that will lead to the setting up of a car assembling plant in the West African country.