The aftermath of COVID-19 in the banking world where many saved their fortunes with the hope of a better future. Governments used mitigation techniques based on social distance, national quarantines, and the closure of non-essential companies to slow the spread of the new COVID-19. The economic slowdown hit the business sector hard, forcing it to scramble for funds to pay operational …

  Gunna officially drops “Banking On Me” to celebrate Valentine’s Day, after previously teasing the song as part of the “DS4EVER” deluxe edition tracklist. Listen to it below:

The government has said the planned financial support for selecting banks and the banking sector clean-up exercise that was concluded recently assures it of a more robust sector. “Government is confident about the future of the banking sector in the country, with the assurance that all universal and specialised (ADB and NIB) banks in the country are stronger to support …

The Head of Banking Supervision at the Central Bank has hinted that management will soon punish staff cited for their role in the liquidation of some banks. Osei Gyasi has called for calm, assuring the public that firm steps have been taken to resolve internal issues at the central bank. “I think the work of the Ethics Department…is ongoing [and] …

Private legal practitioner, Martin Kpebu has called on Civil Society Organizations (CSOs) in the country to keep the Bank of Ghana (BoG) on its toes in the aftermath of the banking sector clean-up. According to him, the CSOs must keenly supervise the work of the central bank to enable it discharge its mandate creditably devoid of any invisible political influences. …

Director of Business Operations at Dalex Finance, Joe Jackson, has expressed disappointment in past governors of the Bank of Ghana for overseeing what he describes as an ‘absolutely rotten system’ Mr. Joe Jackson specifically accused the past two BoG governors; Dr. Henry Kofi Wampah and Dr. Abdul Nashiru Issahaku for the breakdown of the banking sector. He says steps should …

Ladies and Gentlemen, when the current Management of the Bank of Ghana took office in early 2017, the banking sector was faced with many challenges. We inherited a financial system which was under a considerable state of distress, with banks that were not meeting the capital adequacy requirement and others whose capital was eroded with high non-performing loans. Some of …