The Second Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awadzi, has called on all stakeholders in the banking industry to chart a new path that will ensure a stable and resilient banking sector for generations to come.
The Managing Director (MD) of the International Monetary Fund (IMF), Ms Christine Lagarde, has cautioned developing countries such as Ghana to halt piling debt or remain venerable to sudden tightening of global financial conditions and higher interest costs.
President Nana Addo Dankwa Akufo-Addo, has assured the Ghanaian people that “those responsible for the sequence of activities that led to the ‘banking crisis’ will face the full brunt of the law if they are found to have broken the law”.
AS part of the many suggested measures to help halt the depreciation of the Ghana cedi against the major foreign currencies, including the United States (US) dollar, a Senior Adjunct Fellow at the Institute of Economic Affairs (IEA), Dr Eric Osei Assibey, has advised the Bank of Ghana (BoG) to clamp down on the activities of the illegal forex traders, popularly known as ‘Black market operators”.
A professor of Economics with the Institute of Social, Statistical and Economic Research (ISSER), Prof. Peter Quartey says Standards and Poor's (S&P) decision to revise Ghana’s long-term local and foreign currency sovereign credit rating to 'B' from B-, with a positive outlook, was another form of endorsement for the central bank’s measures.
Some aggrieved customers of the Kantamanto branch of uniCredit Savings and Loans company have, for the past two weeks, thronged the premises of the Kantamanto branch of the company to withdraw their savings following claims that the financial institution is folding up.
Gold dealership firm Menzgold Ghana, with business interests in London, Spain and Nigeria, has engaged the services of UK and Wales based law firm, Baker & McKenzie LLP to join forces with their local counsel, Kwame Akuffo & Co. Unlimited to take up its current spat with the Securities and Exchange Commission.
Global provider of money transfer and payment services, MoneyGram, has partnered local Fintech company, Zeepay Ghana Limited, to provide services that will enable customers to receive remittances through their mobile money wallets.
The Controller and Accountant General, Mr Eugene Asante Ofosuhene, has allayed the fears of the public, especially the business community, that the introduction of the seven per cent withholding Value Added Tax (VAT) is a new tax regime.
Omnibank Ghana Limited (OmniBank) and Sahel Sahara Bank (BSIC), have started integrating their operations into one entity after the Bank of Ghana (BoG) granted a ‘no objection’ to their earlier decision to merge.