Tag: Heritage bank
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GHS1.4 billion used in the closure of Heritage, Premium banks — BoG reveals
Governor of the Bank of Ghana, Dr. Ernest Addison, has revealed that an amount of GHS1.4 billion was used in the resolution of Heritage and Premium banks, following the revocation of their banking licences early this year. Speaking at Monday’s Monetary Policy Committee press conference, the governor stated that the amount was the shortfall realised…
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BoG has done a ‘grave injustice’ to Heritage Bank by revoking its license – Former directors
The former Board of Directors of now defunct Heritage Bank Limited (HBL), has lamented claims by the Bank of Ghana (BoG) that it set up the bank with suspicious capital and that the central bank has done them a ‘grave injustice’ by revoking its license. Last week, the Bank of Ghana (BoG) revoked the license…
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Consolidated bank given bond cash – BoG Governor
The Bank of Ghana has clarified that it has made available cash from the bond issued in the name of the Consolidated bank. According to the Governor of the central bank, Dr. Ernest Addison, the move has helped in positioning the bank to undertake its business as usual. His comments come on the back of…