Accra, August 14, 2017//-The Bank of Ghana in a Q and A statement explained why it has withdrawn the licenses of two indigenous Ghanaian banks-UT Bank and Capital Bank.
Category: Banking & Finance
UT Bank, Capital Bank Collapsed?
Accra, August 14, 2017//-Bank of Ghana (BoG) has withdrawn the licenses of UT Bank and Capital Bank over severe capital impairment.
Digital Currency Could Spark African Financial Revolution
August 12, 2017//-Cryptocurrency – or simply put, digital currency that uses cryptography as security – and blockchain, the technology it runs on, provide opportunities to reach sub-Saharan Africa’s largely unbanked population.
New First Deputy Governor of Bank of Ghana Named
Accra, August 8, 2017- The President, Nana Addo Dankwa Akufo-Addo, has appointed Dr. Maxwell Opoku-Afari as the First Deputy Governor of the Bank of Ghana.
A Crypto Currency That Actually Works Arrives in Ghana
Accra, August 7, 2017//-Block chain based digital currencies based on cryptography have become increasingly popular worldwide, despite their inherent problems. Finally, a new crypto currency that offers both price stability and merchant sales capabilities is arriving in Ghana, report TOMA IMIRHE and ELORM DESEWU. Since Digicash, and then PayPal were introduced in the late 1990’a […]
First Deputy Governor of Bank of Ghana Bows Out
Accra, Ghana, July 31, 2017- The First Deputy Governor of the Bank of Ghana, Millison Narh, has retired from the Bank.
HFC Bank Ghana Sacks Drivers While Tellers Next to Go
Accra, July 31, 2017//-Credible information available to News Ghana indicates that a Ghanaian financial institution, the HFC Bank Ghana, a subsidiary of Republic Financial Holdings Limited is terminating the appointment of all of the bank’s drivers across the country.
Shares on Ghana Stock Exchange Stumble
Accra, July 28, 2017//-Trading on the Ghana Stock Exchange (GSE) slipped during the session, as both the Composite Index and the Financial Stock Index dipped on the back of losses in big caps.
Wari Group Joins the US-Africa Business Center
Dakar, Senegal, July 28 2017/ — Digital solutions group Wari has joined the US‑Africa Business Center (USABC) initiated by the US Chamber Of Commerce.
Zim’s FBC Insurance Targets growth with SSP’s Pure Insurance Platform
Johannesburg , South Africa, July 24, 2017/ — FBC Insurance has chosen to support the growth of its Zimbabwean general insurance business in line with its strategic objectives using SSP’s digital insurance platform, SSP Pure Insurance.