Bank Of Baroda The Bank of Ghana (BoG) says it has approved a request for voluntary winding up of the operations of Bank of Baroda Ghana Limited effective December 31,
Heritage Bank Ex-Board Whines
It appears the ex-board of the Heritage Bank Limited wants to attract public sympathy due to the revocation of the bank’s licence by the Bank of Ghana (BoG). The ex-board,
UMB Gets Funding For Recapitalisation
John Awuah, MD, UMB Universal Merchant Bank (UMB) says it has received funding to meet the new Bank of Ghana (BoG) minimum capital requirement of GH¢400,000,000. In a release issued
Ex-UT, Capital Bank Staff To Be Paid ‘Purely On Humanitarian Grounds’
Elsie Awadzi Ex-staff of some banks whose licenses were withdrawn by the Bank of Ghana will be paid “purely on humanitarian grounds,” the regulator has said. Elsie Awadzi, deputy Governor of the Bank of Ghana,
Vivo Energy Gets New MD
Ben Hassan Ouattara Vivo Energy Ghana has appointed Ben Hassan Ouattara as Managing Director, effective 1st January, 2019. Mr. Ouattara takes over from Ebenezer Faulkner, whose term of office ended
Omnibank, Sahel Sahara Bank Merger Approved
Omnibank, Sahel Sahara Bank Merger The Bank of Ghana (BoG) has approved the merger between Omnibank and Sahel Sahara Bank (BSIC). The consent was contained in a letter to the
Why Premium Bank Lost Licence
Kwesi Tumi, immediate past MD of Premium Bank The Central Bank says Premium Bank was insolvent as of 30th November 2018 with a capital adequacy ratio of negative 125.26 percent.
How Cocobod Cash Landed At Heritage Bank; The Inside Story
Dr. Ernest Addison The Bank of Ghana (BoG) has described the source of funding of Heritage Bank, one of the failed banks, as dubious. Last Friday, the BoG announced the
23 Banks Escape BoG Axe; GN Bank, Heritage Bank Gone
Dr. Ernest Addison, Governor BoG Twenty-three commercial banks have met the GH¢400 million minimum capital requirement to escape the big axe of the Bank of Ghana (BoG) which has been
Gov’t Explains Eni Gas Deal
The Energy Ministry says even though the previous Mahama administration signed a contract with ENI to flow 180 mmscfd of gas in 2015, it did not plan the utilization of
Raise $1bn For Railway Sector – Minister Challenges Insurers
Hon Joe Ghartey, Railways Development Minister Minister of Railways Development, Joe Ghartey, has challenged players in Ghana’s insurance industry to support government to raise $1 billion locally for the development
Gold Fields To Transform Tarkwa Apinto Hospital
Officials of Gold Fields and Gyaasehene of Apinto Gold Fields has announced it will renovate the Apinto Government Hospital and upgrade the Tarkwa and Abosso (T&A) Park, which are two
BoG Okays 22 Banks
Dr Ernest Addison, BoG Governor Twenty-two commercial banks have so far met the GH¢400 million capital requirement of the Bank of Ghana (BoG). The Central Bank is expected to officially