Tag: Premium 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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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…
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Premium Bank launch 5Million Integrated Credit Facility for Startups
Premium Bank has launched a 5 million Ghana cedis Integrated Credit Facility as part of moves to support and promote startup and SME growth in Ghana. According to the bank, the facility is a funding and support aid for members of the Ghana Startup Club 100 to support their operations. The facility, however, is only…
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Premium bank upbeat about competition in banking industry
New kid in the banking industry, Premium Bank, has vowed to make significant inroads in the sector despite the stiff competition it will be hit with as it joins the industry proper. Premium bank which hitherto was City Investments Company Limited got the green light from the Bank of Ghana (BoG) to begin operations as…