Tag: Banking and Finance
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Confidence in savings and loans sector will be restored- Bonds Savings & Loans CEO
The Chief Executive Officer of Bond Savings and Loans Plc, George Ofosuhene, is hopeful confidence in the sector will improve significantly with the deliberate steps taken by regulators following the financial sector clean up. “I think that there are processes and programs that are in place that are being churned out and very soon we…
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Ghana adds 21.4 billion cedis to debt stock in three months
Data released by the Bank of Ghana (BoG) has shown that the country’s total debt stock increased by 21. 4 billion cedis in the first quarter of this year. This means that Ghana added 21.4 billion cedis to its debt stock between January and March this year. According to the data, Ghana’s total debt now…
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BoG’s new regulations will help grow local banks—CAL Bank
The Executive Director of CAL Bank, Philip Owiredu has stated that the implementation of new rules by the Bank of Ghana(BoG) will help banks, especially local banks to grow. He maintained that the implementation of the Basel II and III regulations are a step in the right direction that will enhance corporate governance as well…
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UNICOF calls for calm as it engages First Atlantic Bank management
The Union of Industry, Commerce & Finance Workers (UNICOF), has begun talks with management of First Atlantic Bank over the layoff of 100 workers. According to the Union, the layoffs will worsen the plight of the affected workers. Speaking about the situation, the Deputy General Secretary of UNICOF, Michael Biney urged the affected workers to…
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Growth must reflect in livelihoods of Ghanaians – IMF to gov’t
The International Monetary Fund (IMF) has advised the government of Ghana to ensure that the country’s expected economic growth translates into an improvement in the livelihoods of the citizenry. The Fund maintains that this could be achieved if the government ties its policies and programs with the aim of solving issues such as unemployment. The…
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Shirley Frimpong is female business personality for 2017
Women driving businesses and leveraging successes are increasing appreciably. The women are brazing all odds and targeting higher levels in academia and business growth. One of such is accountant and General Manager for Frimps Oil, Shirley Frimpong. She has emerged as the overall female finance personality for 2017. Shirley Frimpong beat off competition from over…
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BoG to ease forex controls
The Bank of Ghana (BoG) will today announce measures to ease foreign exchange controls to allow withdrawals up to US$10,000 without proof of travel. The measures come after a thorough review of the controls the central bank introduced in February this year to halt the depreciation of the cedi. The earlier measures limited access to…