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Bank of Ghana

Ghana warns citizens against unlicensed loan firms

Ghana's central bank has cautioned the public against going to loans from unlicensed entities providing of loans to consumers. According to the bank of Ghana...

Ghana’s new banknotes spark confusion over relevance

Ghana's economy has over the last decade been on a roller coaster with signs of positivity and growth; decreasing inflation and subtle macro-economic stability...

Ghana revokes licenses of 23 financial institutions

Ghana's central bank has revoked the licenses of twenty-three (23) financial institutions mostly savings and loans companies. The Bank of Ghana in a statement on...

Ghanaians demonstrate over lost investments in Ponzi scheme

Some Ghanaians who have invested in a Ponzi scheme on Tuesday staged a demonstration in the Ghanaian town of Kumasi in the Ashanti region. The...

23 Ghanaian banks meet minimum capital requirement

23 out of 34 universal banks in Ghana have successfully met a $83 million (400 million cedis) minimum capital requirement deadline. All banks in Ghana...

Opinion: Ghana’s financial and insurance sectors in crisis

Ghana’s financial system underwent rapid growth and major transformation over the last two decades, which brought new opportunities and risks. Government implemented reforms to enhance...

Ghana’s central bank launches cyber security tools for banks

Ghana’s central bank on Monday rolled out cyber security directive for financial institutions in the country. The move according to the Bank of Ghana is...

Ghana to prosecute executives of collapsed local banks

Ghana says it will prosecute executives of five local banks that collapsed early this month. The executives are accused of engaging in activities that...

Banking crisis: Ghanaians declare who they ‘stand with’

Ghanaians have been declaring who they ‘stand with’ following the collapse of five local banks this month. The declaration with the hashtag ‘IStandWith’ has been...

Ghana: Prominent indigenous bank, uniBank declared insolvent

One of Ghana’s prominent indigenous banks, uniBank has been declared by the country’s central bank to be bankrupt exposing savings of customers to major risk.

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