The future of more than 500 Standard Bank employees hangs in the balance as SA’s biggest bank by assets is looking to revamp its IT division.
The Central Bank has directed all banks to debar 125 people from operating current accounts for three years with immediate effect.
United Bank for Africa (UBA) Ghana Limited, has recorded a strong financial performance and exceeded the Bank of Ghana’s (BoG’s) GH¢400 million minimum capital requirement.
At a time when the financial sector is recovering from a potential crisis, a new report ranking 30 of Ghana’s universal banks has been launched with Standard Charted Bank adjudged as the most credible.
Indigenous bank, Cal Bank has rejected claims that the Central Bank has agreed to extend the deadline for meeting the GH¢400 million minimum capital requirement for them.
The Bank of Ghana has warned the public against doing business with some six deposit-taking entities in the country.
Ecobank Academy has launched an innovative development programme aimed at improving Africa’s health systems.
Receivers of defunct UT Bank have sued prominent businessman, Ibrahim Mahama in a bid to recover more than ¢189 million in loans his companies took from the troubled bank.
GCB Bank Limited (GCB) has begun instantly issuing its ATM Readycash card at selected branches across the country.
President of the Ghana Association of Bankers (GAB), Alhassan Andani, has stated that 20% of the banks in Ghana control about 80% of the loans in the country.
CDH Holdings has refuted claims it owed defunct Capital Bank GH₵100million and is threatening to countersue the Receiver of the defunct bank for defamation.
CDH Holdings has refuted claims it owed defunct Capital Bank GH₵100million.
Defunct bank, Capital Bank, has gone to court to recover over ¢100 million being debts owed it by CDH Financial Holding and CDH Savings and Loans.
UT Holdings, the parent company of UT Bank has been sued after it took a ¢51.3m loan from its subsidiary but has refused to pay.
Popular pastor, Mensa Otabil, and his church International Central Gospel Church are among 15 shareholders and directors of defunct Capital Bank sued over the collapse of the bank.
The Deputy Minister of Finance, Charles Adu Boahene believes Auditors who oversaw the banks that went down should be held liable.
About 20 banks in the country have met the GH₵400 million new minimum capital requirement set by the Bank of Ghana.
The Bank of Ghana says it will soon close down microfinance institutions and savings and loans companies that cannot payback returns to customers.
Months after sweeping reforms and crackdown on the troubled banking sector, the BoG is confident that indicators will soon point to stronger banks.
The Bank of Ghana has announced a new set of directives to guide operations of Forex Bureau operations in the country.
Agricultural Development Bank (ADB) has been adjudged the Industry leadership award at the maiden edition of the Ghana Business Awards.
Shareholders of Atwima Kwanwoma Rural Bank will earn dividend of ten pesewas per share, one pesewa more than last year, despite a 14 per cent slump in profits
The Bank of Ghana has once again assured Ghanaians not to panic, in the midst of the current banking turbulence, indicating that the banks are well capitalized.
The Africa Export and Import Bank (Afreximbank) has begun its Anglophone roadshow from Ghana with an interest in creating a partnership to finance the government’s industrialization program.
The Managing Director of Fidelity Bank Jim Reynolds Baiden has retired from the institution.
The Bank of Ghana has launched a Cyber Security Directive for Financial Institutions to ensure an uninterrupted financial intermediation process and boost the trust and confidence of consumers in the banking industry.
GCB Bank Limited is expanding its operations to other countries, the Deputy Managing Director in charge of Operations has revealed.
The Chief Executive of Universal Merchant Bank (UMB), John Awuah has been honoured as the Finance Personality of the Year at the just ended 4thGhana Finance Innovation Awards (GFIA).
Hundreds of golfers across the country gathered at the Achimota Golf Course, Accra Saturday to participate in the 2018 CAL Bank Limited open golf championship.
GCB Bank Limited has presented 10 desktop computers and accessories to the Benkum Senior High School (BENSCO) in the Akuapem North Municipality of the Eastern region.
The Bank of Ghana has denied it is working to issue a new GH¢100 note to the public for transactions.
Amenfiman Rural Bank has announced plans to restore confidence in the banking sector.
MoneyGram, a leading global money transfer service in Ghana, has been recognised for its innovation in money transfer with the Mobex Africa Innovation in Money Transfer Award.
GCB Bank has been adjudged the “the most compliance focused Bank in Africa” at the just-ended conference of Association of Certified Compliance Professionals in Africa (ACCPA) held in Luanda, Angola.
The Bank of Ghana (BoG) is confident that reforms in the banking sector will help position the country as the safest investment destination in the sub-region.
Stanbic Bank Ghana and Industrial Commercial Bank of China (ICBC) in collaboration with the Ministry of Tourism has partnered to attract Chines tourist.
Standard Chartered Bank SCB Ghana says it plans to heavy on technology as a growth strategy.
First National Bank Ghana, recently crowned the emerging brand of the year 2017 by the Chartered Institutes of Marketing Ghana, has appointed Mark Yeboah Achiampong as Head of Commercial and Business Banking.
Wholly owned Ghanaian, Heritage Bank, has marked this year’s International Customers Service Week to appreciate customers for their loyalty towards the company.
World Bank Country Director for Ghana is asking the Bank of Ghana to put in effective systems to clean up the mess in the microfinance institutions and rural banks in the country.
Over ¢400 million has been realized from the sale and recovery of UT and Capital banks’ assets, the Receivers of both banks have said.
The Prudential Bank has described as “malicious” social media claims it has gone under.
Zenith Bank Ghana Limited, one of the most reputable and innovative banks in Ghana, has now obtained the internationally recognized ISO 27001:2013 and PCI DSS Certifications.
This week, First National Bank in collaboration with the Finance Ministry, Environment Ministry and other related state agencies will be holding a green bond workshop in Accra.
Although First National Bank Ghana is only a few years old in Ghana, it is part of one of Africa’s biggest and most accomplished banking groups, the South Africa headquartered First Rand Group, which owns Rand Merchant Bank and the First National Bank in addition to other finance houses with presence in many African countries.
The Bank of Ghana has indicated that it would takeover another “troubled” bank if the said institution fails to meet some conditions.
Some 47 rural and community banks in the country may be bracing themselves for uncertain times as they are yet to meet the GH¢1 million minimum capital requirement needed to remain in operation.
The Managing Director of the ARB Apex Bank, Kojo Mattah, has called on government to reduce corporate tax of 25 percent for Rural and Community Banks.
Access Bank is set to talk business sustenance at Glitz Africa Fashion Week 2018.
The Bank of Ghana has been blamed for not acting swiftly to stem panic withdrawals that have hit banks and savings and loans companies across the country.
The cost of liquidating the seven troubled banks has reached almost 13 billion cedis.
The Asantehene has called for the enactment of a new law that will prevent present and former governors of the Bank of Ghana (BoG) from establishing their banks in the country.