Category: Banking And Finance

in Agribusiness, Banking And Finance, Top Stories

The Agricultural Development Bank, ADB, says it will replicate its investment model in the poultry industry for rice production to reduce financial challenges in the sector. In 2019, Ghana’s rice farmers faced challenges that resulted in late harvest due to the inability of millers to mill their rice. Earlier this year, some rice farmers called…

GN Savings & Loans case: Ndoum urges court to reject BoG, Receiver’s evidence

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Lawyers for Dr. Papa Kwesi Ndoum have asked the High Court to reject the evidence being relied on by the Bank of Ghana and the Receiver of GN Savings & Loans justifying their decision to revoke the license of the financial institution. According to the lawyers, some documents filed by the defendants such as their…

GhIPSS, GAB extend waiver of charges on digital banking platforms to June 20

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The Ghana Association of Bankers (GAB), and the Ghana Interbank Payment and Settlement Systems (GhIPSS) have agreed to extend the waiver of fees on digital banking platforms to June 20, 2020. The waiver, which took effect on March 23, 2020, was part of efforts to encourage the use of digital payment options to limit the…

EU’s blacklisting of Ghana over money laundering breaches flawed – Finance Ministry

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The Ministry of Finance has described the decision of the European Commission to blacklist Ghana over money laundering breaches as unfortunate. According to the Finance Ministry, the methodology used by the European Commission was flawed, as it failed to communicate with Ghana concerning shortcomings that needed to be improved. The European Commission on 7th May…

Ghana Association of Bankers appoints John Awuah as Deputy CEO

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Lawrence Segbefia

The Ghana Association of Bankers has appointed Mr. John Awuah as the Deputy Chief Executive Officer of the Association. He will take over from the current Chief Executive Officer, Mr. D.K. Mensah when the latter retires later this year. Prior to his appointment, Mr. Awuah was the Managing Partner of Jawuah & Co. Advisors Ltd,…

uniBank collapse: Court orders AG to give Duffuor’s lawyers access to all evidence

May 21, 2020

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The High Court in Accra has directed the Attorney General to provide lawyers of Dr. Kwabena Duffuor and Dr. Johnson Asiama all the evidence they will rely on in prosecuting their case involving the collapse of indigenous bank, uniBank. The two men alongside nine others were dragged to court for the various roles they allegedly…

Capital Bank collapse: Ato Essien willing to refund GHS27m to the state

May 21, 2020

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Lawyers for the former Chief Executive Officer (CEO) of defunct Capital Bank, William Ato Essien, who is facing trial for the collapse of the financial institution, have indicated that their client is willing and ready to return about GHS 27 million to the state. Mr. Ato Essien has begun negotiations with the Attorney General to…

Capital Bank collapse: Ato Essien wants some charges dropped after paying GHS1.4m

May 21, 2020

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The former Chief Executive Officer (CEO) of defunct Capital Bank, William Ato Essien, who is facing trial for the collapse of the financial institution, has begun negotiations with the Attorney General to have some of the charges brought against him dropped. His lawyers revealed that he has paid close to GHS1.4 million, and also given…

Businesses react to BoG’s decision to maintain policy rate at 14.5%

May 19, 2020

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