Accra, September 1, 2017//-Management of GCB Bank Limited has terminated the appointment of about 1000 workers of the now collapsed UT Bank Limited following liquidity challenges last month.
Tag: Bank of Ghana (BoG)
Only 3 Banks in Line to Meet Capital Requirement
Accra, September 12, 2017//-Only three banks out of the 34 banks currently operating in the country are in a position to meet the new GH¢400 million minimum capital requirement set by the Central Bank of Ghana (BoG) without recourse to additional capital, credit consultant, Emmanuel Akrong has said.
BoG: Every Ghanaian Owes over GH¢5,716
Accra, July 22, 2017//-Figures released by the Bank of Ghana (BoG) yesterday have revealed that the government has, within three months, added GH¢9.4 billion to the country’s debt stock.
Ghana Records Cash Deficit in 1st Q of 2017
The Bank of Ghana (BoG) has revealed that provisional data on government fiscal operations in the first quarter of 2017 indicate a cash deficit of 1.5 percent of gross domestic product (GDP), consistent with the set target for the period.
BoG: Banks to Migrate All Payment Cards This Year
The Bank of Ghana (BoG) has disclosed that it is working feverishly with the banking industry to migrate all payment cards from magnetic stripe standard to Europay, MasterCard and Visa (EMV) chip and PIN standard this year.
Ghana’s Trade Account Improves
Bank of Ghana (BoG) has revealed that provisional data on the trade account during the first two months of 2017 pointed to a surplus of US$573.0 million compared to a deficit of US$574.1 million same period in 2016.
Ghana Eyes Number One Spot on Ease of Doing Business in Africa
Ghana is eyeing the number one spot on the World Bank’s annual Ease of Doing report in Africa, following a revelation that the country which ranked 108 in last year’s report, is going to embark on sweeping reforms, this year.
Bank of Ghana Report: Interest Rates Drop Marginally Again
The Bank of Ghana (BoG) has released its latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks.
Central Bank Risk Manager of the Year 2017: Bank of Ghana
The Bank of Ghana (BoG) has been adjudged the Risk Manager of the Year by the Central Banking Publications (CBP), in recognition of the strong risk management culture that it has built into its business operations and protecting itself from emerging threats.
BoG to Surrender Portions of Export Receipts to the Market
Ghana’s enthusiastic quest of deepening its foreign exchange market has given a major boost following a revelation that the central bank is putting modalities in place to surrender portions of the country’s two major export receipts directly to the market.