The Bank of Ghana (BoG) has announced that from May 6, 2019, it will begin issuing upgraded banknotes into circulation. This banknotes, …
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Bank of Ghana
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An angry group by name Concerned Gold Coast Fund Management Customers is demanding answers from the Securities and Exchange Commission (SEC) to …
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Majority of the 23 banks that met the Bank of Ghana’s recapitalization requirement of GH₵400 million, made huge profits in the last …
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Economy
Cedi woes may trigger ‘big’ problems; it’s time for national economic conversation – Nii Moi Thompson
by Efo Korsi Senyo | Executive Editor 13 minutes readA renowned economist, Dr Nii Moi Thompson has suggested that the continuous depreciation of the cedi witnessed since December could result in …
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Finance
BoG to inject $800m into reserves efforts to stabilise cedi
by Kekeli Kuatsenu / News Editor 5 minutes readThe Bank of Ghana (BoG) says it will add a minimum of $800 million to the country’s reserves this month to stabilise …
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Finance
Defunct Heritage, Premium branches shutdown; staff sent home
by Kekeli Kuatsenu / News Editor 2 minutes readThe Receiver for Consolidated Bank Ghana (CBG), Pricewater house Coopers, has closed down some bank branches of the defunct Heritage Bank and …
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Business
What the hell is going on? – Franklin Cudjoe on cedi depreciation
by Kekeli Kuatsenu / News Editor 2 minutes readFounding President of policy think tank, IMANI Africa, Franklin Cudjoe has expressed shock at the perennial sharp depreciation of the Ghana Cedi …
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Finance
Gold Coast has paid nearly GHC60 million to customers – Dr. Nduom
by Kekeli Kuatsenu / News Editor 3 minutes readThe Gold Coast Fund Management (GCFM) has paid almost GHC60 million to customers, President of the company, Dr. Papa Kwesi Nduom has …
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Finance
GCB sacks ex-UT, Capital Bank workers for “failing” SSSCE, WASSCE
by Kekeli Kuatsenu / News Editor 2 minutes readGCB Bank has terminated the contracts of 56 ex-staff of defunct UT and Capital Banks for not possessing the minimum qualification required …
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Finance
It’s not unlawful to use Pensions Fund to rescue distress local banks – Prof. Gatsi on GAT concerns
by Kekeli Kuatsenu / News Editor 3 minutes readProf. John Gatsi said this during a discussion on issues surrounding the Ghana Amalgamated Trust (GAT) on TV3`s Key Points show.