Claims of more banks collapsing unfounded – BoG
The Governor of the Central Bank Dr. Ernest Addison has dismissed claims that other banks in the country are suffering liquidity problems and may soon collapse.
Deputy finance minister Kwaku Kwarten has claimed that some...
GNPC no longer cash cow – Agyarko
The Energy Minister Boakye Agyarko has served notice that days when the Ghana National Petroleum Corporation (GNPC), was used as a cash cow are over.
“It had a solid balance sheet and that balance sheet...
E/R: Mass withdrawals hit UT, Capital banks
Some customers of UT and Capital Banks in Koforidua and other parts of the Eastern region have besieged the premises of the banks threatening to withdraw all their deposits due to the takeover by...
GSE deletes UT Bank from listed entities
The Ghana Stock Exchange (GSE) has deleted UT Bank Limited from entities listed on the country’s stock exchange.
This follows the Bank of Ghana’s revocation of UT Bank and Capital Bank’s licenses. The action, according...
Why BoG revoked licenses of UT, Capital Banks
The Bank of Ghana (BoG) has provided more information over its decision to withdraw the licenses of UT and Capital Banks.
The GCB Bank has taken over both banks, according to the Central Bank. Below...
Don’t panic over takeover – UT, Capital banks’ customers urged
A former Managing Director of Amal Bank (now Bank of Africa) Menson Torkonu has urged customers of UT and Capital banks not to panic in the wake of news that the Bank of Ghana...
GCB takes over UT and Capital Banks
The Bank of Ghana has approved the takeover of Capital Bank and UT Bank by the GCB Bank Ltd.
A statement by the Central Bank stated that it has “approved the Purchase and Assumption transaction...
Over 3k public workers to lose salaries
3,000 government workers are yet to complete their registration unto the SSNIT biometric database, which will affect payment of their salaries.
A Deputy Minister of Finance, Abena Osei Asare, told the B&FT in parliament that:...
Myroc Food Company refuses to pay back $16m govt loan
A private food processing firm Myroc has refused to pay back a loan of $16 million given to it by the government of Ghana.
According to the 2015 performance audit report, the Trade Ministry doled...
Gov’t renegotiating Fifth Freedom Traffic Rights – Dapaah
Government is to renegotiate existing Fifth Freedom Traffic Rights as it firms up plans to establish a new national airline to serve the West African market.
Large European, American and Gulf carriers, by virtue of...