The majority shareholder of the now-defunct Heritage Bank Limited (HBL), Mr Seidu Agongo, has said in a statement that the “not fit …
Finance
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Finance
TUC meets tomorrow on GHc2 billion Private Pension Funds for Troubled Banks
by Efo Korsi Senyo | Executive Editor 2 minutes readOn Monday, 14th January, 2019, the Trades Union Congress (TUC) is likely to hold a crunch meeting on government’s decision to support …
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FinanceOpinions
Ghana’s Banking Sector Reforms From Another Perspective
by Efo Korsi Senyo | Executive Editor 6 minutes readLast week the statutory regulator of the banking sector, the Bank of Ghana closed down two additional universal banks and announced 23 …
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Finance
Court issues warrant for the arrest of Menzgold directors
by Efo Korsi Senyo | Executive Editor 3 minutes readInformation reaching Awake News has indicated that the Accra Circuit Court has issued an order for the immediate arrest of all directors …
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Finance
Menzgold had 1.8m customer including politicians with $2m and $3m deposits
by Efo Korsi Senyo | Executive Editor 3 minutes readAs the Central Bank, together with allied state agencies of security and intelligence, chase sneaky Menzgold over scam banking deals involving billions, …
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Finance
BoG hasn’t been fair to Heritage Bank; it’s a “dangerous precedent” – Prof. Gatsi
by Efo Korsi Senyo | Executive Editor 7 minutes readThe Head of the Finance Department of the School of Business, University of Cape Coast, Prof John Gatsi, said the Bank of …
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Finance
Downgrading Is Not Liquidity, Focus On Restoring Liquidity – Prof. Gatsi Tells BoG
by Efo Korsi Senyo | Executive Editor 2 minutes readThe head of the Finance Department of the University of Cape Coast is advising the central bank to rather focus on restoring …
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Finance
The Banking sector reform is not complete without restoring liquidity – Prof. Gatsi
by Efo Korsi Senyo | Executive Editor 2 minutes readSince 2017, about seven bank has collapsed. The crisis has lead to unending panic withdrawals at some local bank with GN Bank …
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Finance
BoG downgrades GN Bank, now savings and loans
by Efo Korsi Senyo | Executive Editor 1 minutes readThe Bank of Ghana has downgraded GN Bank to a savings and loans company. This was after the central bank finished what …
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Finance
Unconfirmed: List of banks that have recapitalised
by Efo Korsi Senyo | Executive Editor 1 minutes readThe Bank of Ghana will release a list of all banks that have successfully met its GHc400 million capital requirement as designated …