Category archives for: Finance

Bank of Ghana to Go After Directors, Managers of Collapse Banks

Accra, Ghana, August 15, 2018//-The Bank of Ghana (BoG) has assured Ghanaians that it would go after persons whose actions contributed to the collapse of the seven banks in the country.

Ghana: Shareholders, Ex-directors of UT, Others Banned from Financial Market

Accra, Ghana, August 15, 2018//-Shareholders and ex-directors of three defunct banks – UT, Capital and Sovereign banks have been banned from Ghana’s financial market with immediate effect.

‘Being Ignorant About Happenings in Capital Bank Cannot be an Excuse for Otabil’

Accra, Ghana, August 15, 2018//-Being ignorant about happenings in the bank cannot be an excuse for the Board Chairman of the defunct Capital Bank, Dr. Mensa Otabil, if evidence of mismanagement is established, banking consultant Nana Otuo Acheampong has said.

5,000 African Entrepreneurs to Storm Lagos for Tony Elumelu Foundation Entrepreneurship Forum

Lagos, Nigeria, August 14, 2018//-Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4thannual TEF Entrepreneurship Forum.

Oradian, ANMFIN Launch Cloud-based Microfinance Solution in Nigeria

Lagos, Nigeria, August 14, 2018/ — As part of their shared mission to boost financial inclusion throughout Nigeria, Oradian and the Association of Non Bank Microfinance Institution of Nigeria (ANMFIN) have launched a strategic partnership.

Capital Bank Collapse: Otabil Cooperates with EOCO to Unearth the Causes of the Collapse

Accra, Ghana, August 14, 2018//-The General Overseer of the International Central Gospel Church (ICGC) and Board Chairman of defunct Capital Bank, Dr. Mensah Otabil, says he is cooperating with the Economic and Organised Crime Office (EOCO) in the investigation leading to the collapse of the bank.

Liquidity Support is Not Free Money to Collapsed Banks: BoG Benefits from it

Accra, Ghana, August 13, 2018//- A renowned Ghanaian economist and Professor of the University of Cape Coast, John Gatsi says the liquidity support that Bank of Ghana (BoG) extended to some of the seven collapsed banks is not free money.

Ghana: ICGC Declares Support for Otabil Amid Banking Rot Revelations

Accra, Ghana, August 11, 2018//-The International Central Gospel Church (ICGC) has affirmed its loyalty to its head pastor, Dr. Mensa Otabil, amid controversy over the role he may have played in malfeasance that led to the collapse of Capital Bank.

How BoG’s Weak Supervision Resulted in Capital, UT Banks’ Collapse

Accra, Ghana, August 8, 2018//-It has emerged that the Bank of Ghana failed to enforce its regulations in granting licenses and supervising the operations of two local banks, UT and Capital Bank.

Capital Bank Board Squandered Bank of Ghana Liquidity Support Cash

The then-Board Chair of the now-defunct Capital Bank Ghana Limited, Dr. Mensa Otabil is suspected to have been party to the misuse of liquidity support given the bank by the Bank of Ghana (BoG), according to an investigative report sighted by Citi news.

Photo Gallery

Log in | Designed by Village Pixels