Accra, August 19, 2017//-Ghana’s President Nana Addo Dankwa Akufo-Addo has lauded the recent measures taken by the Bank of Ghana BoG in intervening decisively over the matters of UT Bank and Capital Bank.
Category: Finance
President Calls on Bank of Ghana to Solve Banking Sector Challenges
Accra, August 18, 2017//-Ghana’s President Nana Addo Dankwa Akufo-Addo has called on the Bank of Ghana (BoG) to vigorously address the current challenges of the country’s banking sector in order to guarantee financial stability and sustained economic growth in the country.
Bank of Ghana Asked to Rescue Unity Rural Bank
Ho, Ghana, August 18, 2017//-Some customers of Unity Rural Bank in Ho, formerly, Adaklu Rural Bank, have appealed to the Bank of Ghana to rescue the Bank from “total” liquidation.
Absa, China Dev’t Bank in Landmark $100M Deal
Johannesburg, South Africa, August 18, 2017// Absa Bank Limited, a subsidiary of the Barclays Africa Group (BAGL) has successfully concluded a five year $100 million Special Facility Agreement with the China Development Bank (CDB).
Jordan Appointed Acting Managing Director of HFC
August 17, 2017//-Anthony Jordan, General Manager in charge of Risk Management at HFC Bank has been appointed the acting Managing Director of the Bank.
Celebrating UT Bank’s Prince Kofi Amoabeng
Accra, August 16, 2017//“Failure is so important. We speak about success all the time. It is the ability to resist failure or use failure that often leads to greater success. I’ve met people who don’t want to try for fear of failing.” – J.K. Rowling.
HFC Bank MD Steps Down to Take Up Ministerial Appointment
Accra, August 15, 2017//-HFC Bank (Ghana) Limited, a subsidiary of Republic Financial Holdings Limited, has announced that its Managing Director, Mr. Robert Le Hunte, will be leaving the Bank after four years of service to take up a Ministerial appointment in, Trinidad and Tobago’s Government.
BoG Probes UT, Capital Bank Directors Over Collapse of Banks
Accra, August 15, 2017//-The Bank of Ghana (BoG) has begun a forensic audit into the operations of the two insolvent banks, the UT and the Capital banks, and their directors to unravel the factors leading to their collapse.
Ghana to Announce New Minimum Capital for Banks
Ghana’s Minister of Finance, Mr Ken Ofori-Atta, has hinted of plans by the government and the Bank of Ghana (BoG) to announce a “substantial increase” in the minimum capital of banks.
National Bank of Kenya Partners with WorldRemit to Offer Instant Money Transfers
Nairobi & London, August 14, 2017 – Leading digital money transfer service WorldRemit and the National Bank of Kenya (NBK) have launched a major partnership to enable Kenyans living abroad to make instant transfers home.