Category: Banking And Finance
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Don’t take loans from these 19 unlicensed firms – BoG warns
The Bank of Ghana (BoG) has warned the public to desist from receiving loans from unlicensed loan providers and thus issued a list containing the names of such entities. The BoG says the activities of these unauthorised loan providers are in contravention with the Banks and Specialised Deposit-Taking Institutions Act. The list of the unlicensed…
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Debt exchange programme: BoG announces relief packages for banks
In its quest to strengthen the banking sector and help manage the possible impacts of government’s proposed debt exchange programme on banks in the country, the Bank of Ghana has outlined a number of policy and regulatory relief packages for these institutions. The move is to help preserve the financial stability of these financial institutions…
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Court of Appeal justifies BoG’s appointment of Nii Dodoo as Receiver of UniBank
The Court of Appeal on Thursday, December 1, 2022, held that the High Court was wrong in deciding that Bank of Ghana’s decision to appoint Nii Amanor Dodoo as Receiver of uniBank was wrong. It may be recalled that, in the civil case to recover over GHS 5.7 billion from Dr, Kwabena Duffuor and the…
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BoG wins African Corporate Governance Network Governance Institution of the year award
Bank of Ghana has been honoured at the 2022 African Corporate Governance Network (ACGN) Directors’ Awards, held virtually on Thursday, 17th November 2022. The Bank won awards in two categories and was recognised as suitable for celebration as a Doyen of Business Excellence. Bank of Ghana won the Corporate Governance Institution of the year award…
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Bank of Ghana wins ICSA’s best fintech policy of the year award
The Bank of Ghana has been presented with the “Best FinTech Policy of the Year” award, under the Innovation and Excellence Awards category at the Connected Banking West Africa Summit, 2022. The award is in recognition of the various policies of the Bank of Ghana that have fostered digital financial services, accelerated financial inclusion and…
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1st Deputy Governor inducted as fellow into Ghana Academy of Arts and Sciences
The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari has been inducted as a Fellow into the prestigious Ghana Academy of Arts and Sciences(GAAS). The ceremony was held on Tuesday, 15th November 2022, in the Auditorium of the Academy in Accra. The Vice President of the Republic of Ghana, His Excellency…
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Banks urged to leverage economic crisis
The current global economic crisis presents banks the opportunity to innovate, accelerate and deepen their much needed transformation, Finance and Strategy Consultant, Professor Noel Tagoe, has said. He said while crisis destroyed bad companies, good companies survived them, and great companies were improved by them. At the 26th annual banking conference organised by the Chartered…
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Global Finance names UBA among World’s Safest Banks
An international financial magazine ‘Global Finance’ has named United Bank for Africa (UBA) Ghana among the World’s safest banks in the 2022 rankings. UBA placed 4th position in Africa and the only bank in Ghana to make it into the prestigious list provided by three rating Agencies-Moody’s, Standard & Poor’s and Fitch. A statement issued by…
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Incorporating ESG principles in your operational framework, key to future of banking – BoG to banks
The Bank of Ghana has highlighted the importance of Environmental, Social and Governance, ESG, issues and the need for banks to have processes in place to assess the impact on their businesses. This, the Central Bank notes will help financial institutions to survive the current disruptive challenges facing the banking sector and the economy as…
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BoG, MAS, DBG partner to develop financial ecosystem for Asia-Africa SME trade
Ghana’s Micro, small and medium enterprises (MSMEs) sector is set to see a major boost as the Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) have signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The Ecosystem aims to enhance financial capabilities and access…