Government has assured stakeholders that it is committed to streamline the financial sector and persons found culpable of criminal acts would be punished.“The government has been willing to provide temporary relief to protect particularly depositors where necessary and at the
A Banking Consultant and finance expert, Dr. Richmond Akwasi Atuahene, has berated comments by former Board Chair of now-defunct Capital Bank, Dr Mensa Otabil, for suggesting that he cannot be blamed for the collapse of the bank. An investigative report
Finance Minister, Ken Ofori-Atta, has said government will ensure persons responsible for the collapse of some local banks in the country will be made to face the law. He believes the collapse of these banks was not a failure on
At least 30 Ghanaian-owned shops have been destroyed at Cicle in Accra as a trade row betweeen locals and foreigners escalates. Scores of angry Ghanaian shop owners at Tiptoe lane, a busy buying and selling enclave at Circle in Accra
Nana Appiah Mensah, CEO of Menzgold Company Limited has rendered an unqualified apology to the Bank of Ghana for his rude response to the banking regulator following the issuance of a warning to his company to stop its deposit-taking operations.The
The Public Accounts Committee (PAC) has reprimanded the Auditor-General’s Department for the confusion surrounding the disbursement of an amount of GHS1.5 billion petroleum revenue.The amount, which was deposited in the Petroleum Revenue Account at the Bank of Ghana (BoG) between
A former Area Manager of now-defunct Capital Bank, Edem Adimado, has become an Uber driver to make ends meet following the collapse of the local bank.According to a Bank of Ghana report, Capital Bank collapsed when the then-chairman of the
Former Head of E-Banking at the now-defunct Capital Bank, Raymond Addai-Danquah, has said he is selling his uncompleted building to pay his rent, which is due next month, as a result of hardship due to the loss of his job
The Ministry of Finance (MoF); and the Controller and Accountant General’s Department (CAGD), have been indicted by the Auditor-General for failing to capture three important transactions in their 2016 reports.They include a €15 million loan advanced by the Finance Ministry
Dzata Cement has explained the collapse of UT Bank in 2017 could not have been because the company defaulted in repaying a loan facility. A press statement issued on behalf of Ibrahim Mahama who owns the cement factory said the
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