The founder of UT Group, Prince Kofi Amoabeng has been put before an Accra circuit court for his role in the collapse of his Bank in 2017. He is facing charges of stealing and money laundering.
The founder of UT Group, Prince Kofi Amoabeng has been put before an Accra circuit court for his role in the collapse of his Bank in 2017. He is facing charges of stealing and money laundering.
Over 400 customers of the defunct GN Bank (GN Savings and Loans) have so far received their locked up funds at the Sefwi- Asawinso branch of the Consolidated Bank Ghana (CBG).
Over 400 customers of the defunct GN Bank (GN Savings and Loans) have so far received their locked up funds at the Sefwi- Asawinso branch of the Consolidated Bank Ghana (CBG).
Welcome, Ladies and Gentlemen of the Media to the 91st and last MPC press briefing for the year.
Welcome, Ladies and Gentlemen of the Media to the 91st and last MPC press briefing for the year.
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed that the banking sector of the Ghanaian economy is now profitable after the central bank carried out the cleanup exercise. He said the banks that are operating now are conforming to best practices. “The banking is now profitable liquid and solvent owing […]
Georgette Kusi-Boateng and Sam George Acquah Two Directors of Adom Sika Microfinance Limited have been arrested by the Economic and Organized Crime Office (EOCO) for their inability to render account on how depositors’ funds in excess of GH¢150 million were utilized. Sam George Acquah and Georgette Kusi-Boateng were grabbed last Wednesday and subsequently cautioned and […]
The first Deputy Governor of Bank of Ghana, Dr. Maxwell Opoku-Afari has assured the public that the Ministry of Finance, Bank of Ghana and the Receiver have reached an understanding to find a way to unlock funds belonging to Rural Community Banks (RCB) deposited with MFIs. According to him, discussions on modalities are ongoing and once finalized, it would be announced very soon.
Press Release on 347 Micro Finance Companies (“MFCs”) whose licences were revoked on 31 May 2019 by Bank of Ghana Upward Review of Payments to Depositors whose claims have been validated Accra 8th November 2019. Following the revocation of the licences of the 347 Micro Finance Companies (“MFCs”), the Receiver among other things announced a […]