Banking and Finance
Banks refuse syndicated loan for COCOBOD
Ghana Cocoa Board’s (COCOBOD) annual pre-export financing, will be raised by a club of banks as its traditional lenders; the...
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Coronavirus hits bank lending in East Africa
Central banks in East Africa have been cutting interest rates to encourage businesses to borrow, but the strategy is not...
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BoG must ensure banks adhere to professional standards – Expert
A Bank of Ghana report has revealed serious lapses in the structures, systems and processes in place to promote consumer...
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BoG must sanction banks for poor customer service – Dr. Atuahene
Until the Bank of Ghana gets tough on banks and applies sanctions on them for treating customers unfairly, the practice...
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SEC in talks with MoF to secure comprehensive solution in paying defunct investment banks’ clients
The Securities and Exchange Commission (SEC) is in talks with the Ministry of Finance to secure a comprehensive solution for...
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Financial inclusion: BoG to launch major initiatives
The Bank of Ghana (BoG) is setting a number of targets that will boost financial inclusion in the short term....
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Coronavirus: 23 million more Africans to slip into poverty – World Bank
The World Bank estimates that the coronavirus pandemic will push 23 million people in sub-Saharan Africa into extreme poverty. This...
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Currency in circulation up 19.9% in 2019,312m spent on new currencies
Total currency in circulation in 2019 jumped by 19.9% in 2019 to GH16.2 billion. In 2018, the total currency in...
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BoG declares no dividend for 2019 despite GH¢1.8bn profit
The Bank of Ghana posted a profit of 1.8 billion cedis for 2019. This is about twice the operating loss...
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Bank of Ghana spends GH¢306m on printing cedis in 2019
A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new...
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