The new, completely unnecessary Ghana cedi notes which were introduced by the Bank of Ghana for their own reasons, the Ghc 100 and Ghc 200 notes, are already causing some confusion in the country. A Ghanaian man tried to use the Ghc 200 note to purchase goods at the Accra Mall branch of ‘Game’, the … Read more
A strange accident has residents of Techiman in shock and awe today after a Bank of Ghana bullion van and a fuel tanker collided. The bullion van, carrying cash, burst open on collision, sending thousands of Ghana cedis flying into the air, according to myjoyonline. READ ALSO: Angel Obinim FINALLY Responds to Allegations He Buys … Read more
Dr Nduom, CEO of the GN Group, is not lying down easily as government goes after his companies. Nduom has sued the Bank of Ghana for his company’s licence which has been revoked to be restored. READ ALSO: Fancy Gadam Graciously Surrenders – I Know Shatta Bandle Is Richer than Me According to him, the … Read more
The CEO of the GN Group, Dr Papa Kwesi Nduom, has reacted after his GN Savings and Loans Company had its licence revoked by the Bank of Ghana. The company was declared insolvent by the Bank of Ghana, which also pointed to worrying internal movement of monies through the GN group of companies. In a … Read more
The Bank of Ghana has been cracking down on companies mercilessly over the past year or so, with numerous financial institutions declared insolvent and their licenses revoked. The latest round of closures occurred Friday with a statement announcing that 23 savings and loans companies, including ‘big’ ones such as GN and Midlands, have all had … Read more
After being forced to downgrade his bank to a ‘savings and loans’ company, Dr Papa Kwesi Nduom has lost the battle completely as the Bank of Ghana has announced his company’s licence has been revoked. GN Savings and Loan Company, which came out of GN Bank, has been revealed as one of two dozen savings … Read more
On Friday a series of news items concerning the banking sector came out, with the Bank of Ghana completing what it termed its new banking resolution.
The end product of the process was that Dr Papa Kwesi Nduom’s GN Bank was downgraded back to a savings and loan company, due to the fact that they were unable to meet the new minimum capital threshold of Ghc 400m.
Yet another Ghanaian bank has come under the axe of the Bank of Ghana, this time Heritage Bank being the institution in the crosshairs.
The central bank has decided to revoke the licence of the bank, Graphic.com.gh reports.
The long running saga between Menzgold Ghana and the Securities and Exchange Comission seems headed for a resolution after the latest press release from the gold trading firm.
Menzgold has revealed that their issues are headed for a resolution, promising customers a possible return to business by Novermber 5th.
The public’s confidence in Ghana’s banking sector has been completely destroyed in recent times. From collapsed banks to micro finance companies having to assault customers rather than paying them, it’s a very difficult time for the industry.
Jobs are being lost, people are losing money and worse of all, confidence is crumbling which if not arrested could have a ripple effect on the entire industry.
The Ghanaian banking sector is currently in crisis looking at how some banks have been merged by the Bank of Ghana (BoG) to avoid possible closures.
A frustrated man who has his money locked at UniCredit Bank, Apenkwa branch in the Accra Metropolitan Assembly has done the extreme in the name of withdrawing his money from the bank.
Local Ghanaian banks have been collapsing because depositors have started withdrawing their monies every day due to fear that their monies may be locked up.
This fear which has resulted in the numerous withdrawal of monies started after the Central Bank of Ghana (BOG) authorised six banks to merge as one bank.
After suing the SEC for interfering in it’s actions, the gold trading firm Menzgold Ghana has kept it promise to commence paying dividends to customers from today, the 28th of September.
At a presser held in Accra Thursday, the company said they would resume payments today, based on a schedule to be sent to customers.
Mengzold Ghana has taken their battle with the regulatory agencies up another notch, filing a legal case against both the Securities and Exchange Commission (SEC) and the Bank of Ghana (BOG).
In the suit, Menzgold argues that the two agencies have abused their power in coming after them and caused untold harm to their business.
Tracy Sarkcess is the wife of Africa’s most decorated rapper and the CEO of Sarkcess Music Record Label, Micheal Owusu Addo known popularly as Sarkodie.
Not long ago, Tracy and Sarkodie got married at a plush venue in Accra after dating for over a decade and having a baby girl together. A lot of musicians or celebrities from Ghana and across Africa graced the wedding.
After the wedding, Tracy has been very active on social media and she was even the subject of mockery or troll when she decided to school Bank of Ghana on the “modus operandi” of Menzgold Ghana Limited.
