The Bank of Ghana (BoG) has directed rural banks and microfinance companies to meet their minimum operating capital set for them by February next year.
The Finance Ministry has finally confirmed its indebtedness to Groupe Nduom, which was said to be in dispute for some time now.
The Teachers and Educational Workers Union has rejected the imposition of an insurance policy by the State Insurance Company and Ghana Education Service.
Vice President Dr Mahamudu Bawumia, has launched what has been described as the world’s first dual-purpose EMV and financial inclusion payment card in Accra.
Bank of Ghana has denied reports that it plans to shut down some struggling savings and loans institutions this week.
Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) is set to launch a bank card which has the functionalities of an e-zwich and gh-link card on Wednesday.
The value of transactions done on mobile money inter-operability for half year witnessed some significant increase. It reached GH¢217 million ending July this year.
The Bank of Ghana would in coming weeks move in to “close down” some of the “troubled” Savings and loans companies that are facing “serious” financial challenges.
The CEO of Premier Health Insurance says the role of private players in the sector in ensuring that Ghana meets the health sector objectives as well as the SDGs on health cannot be overemphasised.
From July 30 to August 2, Sérgio Pimenta, IFC Vice President for the Middle East and Africa, will visit Ghana, a first in his present role.
Securities and Exchange Commission (SEC) is investigating money managers for locking up as much as ¢5 billion in risky investments they’re struggling to retrieve for clients.
Premier Health Insurance Company has picked up two awards at the second edition of the Ghana Insurance Awards ceremony held at the Kempinski Hotel.
The Finance Minister has insisted that the Nana Akufo-Addo-led administration is spending the taxpayers’ money judiciously.
The 2019 edition of Ghana Insurance Awards came off at a spectacular ceremony on Friday night, July 26, at the plush Kempinski Gold Coast Hotel, in Accra.
The Receiver for the 347 insolvent Microfinance Companies has dismissed reports that he is engaging some customers to receive payments of their invested funds.
The Finance Ministry and Bank of Ghana will host the first leg of 2019 African Caucus Meeting of the governors of the World Bank Group and the IMF in Accra between July 31 and August 2.
The Controller and Accountant General’s Department has warned that it will with immediate effect blacklist and subsequently publish the names of financial institution or its agent engaged in issuing unsolicited messages to government employees.
The Institute for Fiscal Studies has cautioned government to reduce its appétit for borrowing in the financial market.
Government has pumped ¢800 million into a special purpose vehicle created to bail out banks that don’t have enough capital, according to four people with knowledge of the matter.
The UBA Foundation has donated copies of books worth thousands of cedis to the Ghana Library Authority, at their head office in Accra.
GLICO Life, a major life insurance company has been adjudged ‘Technology Advanced Insurance Company of the year’ by the Ghana Information Telecom and Technology Awards (GITTA).
The National Insurance Commission (NIC) has launched the training of the first batch of 10,000 Ghanaian youth as Insurance Sales Agents.
Enterprise Life company have unveiled a new product aimed at not just penetrating the insurance sector but also modifying life insurance.
At least 48 Ghanaian journalists have been trained in cutting edge financial and data journalism, thanks to the Bloomberg Media Initiative Africa.
Banks and telecommunication networks have been urged to explore all means including sports to drive the financial inclusion agenda.
The second edition of the Ghana Insurance Awards will recognise and honor top-class performance, professionalism and innovation across the Ghanaian insurance industry.
Ghana accounted for majority of SWIFT financial messaging in West Africa. This was after movements in Ghana went up by 32.1 per cent followed by Nigeria with 24.5 per cent.
Top performing Sales Personnel were treated to a one-week all-expense paid trip to Dubai for their outstanding performance in 2018.
Finance Minister Ken Ofori-Atta is confident of meeting the end of year ¢57.7 billion revenue target despite challenges with the first quarter collections.
Opportunity International Savings and Loans has officially relocated its Abuakwa Branch in the Atwima Nkwabiagya District in the Ashanti region.
Yet again Ghana's financial services industry has undergone another metamorphosis! The microfinance sector is the latest to experience a clean-up which saw a total of 386 institutions collapsed.
The Receiver of 386 collapsed microfinance companies has disclosed that government has made available over ¢900 million to pay off 1.2 million depositors and creditors.
The Bank of Ghana (BoG) says about 137 microfinance and 31 microcredit companies are currently in good standing and would, therefore, remain operational in the country.
Appointed Receiver for the financial institutions whose licences were recently revoked last week estimates he will finish his assessment in 10 days.
The Finance Ministry has announced the appointments of three persons to the top management of the Ghana Revenue Authority.
Three top Commissioners of the Ghana Revenue Authority have been changed with immediate effect.
The Bank of Ghana has revoked the licences of 386 insolvent microfinance and microcredit companies.
Chief Executive Officer of AllTime Finance, a leading financial service provider, Richard Kwarteng Ahenkorah, has been inducted as a fellow of the Chartered Institute of Credit Management Ghana (CICMG).
Forbes Africa My Worst Day with Peace Hyde, is set to launch its third instalment and this time, the program has a lineup of powerhouse business tycoons from the global business world.
The country ended March 2019 with total debt stock hitting ¢198 billion, the Bank of Ghana’s summary of financial and Economic Data has revealed.
Savings and loans company, Opportunity International Savings and Loans has launched its community-based roadshow in Bono and Bono East regions.
The Finance Ministry has released about GH¢1 billion to help with the cleanup of the microfinance and rural bank sectors.
Organisations or service providers who collect funds from customers regularly have been urged to explore Direct Debit to ensure that they have a more efficient way of collecting payments due them from customers.
The introduction and adoption of comprehensive Mobile Money Interoperability in Ghana has solved the problem of ensuring basic financial inclusion, Vice President Bawumia has indicated.
Government has pleaded with Ghanaians to pay their taxes, promising to protect the public purse.
The National Insurance Commission through the Ghana Insurance College is in the process of training 10,000 youth as Insurance Sales Agents as an agendum for job creation.
The Financial Stability Advisory Council (FSC) has held its maiden meeting months after President Akufo Addo formally inaugurated it.
The accused persons in the Venture Capital Trust Fund case who are standing trial for causing financial loss of GH¢42.8 million to the state have been granted bail totalling ¢170 million.
The Bank of Ghana is threatening sanction against some 38 forex bureaus operating across the country, for various regulatory breaches.
afb Ghana, a subsidiary of regional inclusive finance group, Letshego Group reported positive growth and strong results for 2018.
CLOGSAG said it is the duty the Auditor-General to go through the reports presented and not to do the internal audit functions of the units within the various Public Institutions.
The Country Director of the World Bank, says, Ghana will save more than $100 million, an equivalent of two per cent of the country’s GDP annually, for implementing the e-procurement system.