The Directors of Dancom Microfinance Limited have been arrested for engaging in deposit-taking activities without license contrary to section 6 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).
The Public Affairs Manager of First Allied Savings and Loans, Jones Owusu says the company cannot put out a date for repaying deposits to its customers because any such announcement may lead to the collapse of the business.
Energy Commercial Bank on Tuesday launched its Initial Public Offering (IPO) to raise GH¢340 million from the Ghanaian investing public as the lender prepares to meet the Regulator’s new threshold for capital requirements.
AirtelTigo has deployed a number of its personnel across the streets of Accra to help address the concerns of customers who experienced challenges as a result of the ongoing network system upgrade by the company.
The management of the ARB Apex Bank has cautioned Rural and Community Banks (RCBs) to comply with the Bank of Ghana regulations on the granting of loans and other facilities to directors of those banks.
Contrary to earlier speculations that the country’s oldest oil producing field at Saltpond will be revived, the Ghana National Petroleum Corporation (GNPC) has said it has initiated the process to decommission it.
A management consultant and retired Board Chairman of Standard Chartered Bank Ghana Limited, Dr Ishmael Yamson, has stated that the efforts by the Bank of Ghana (BoG) to clean the banking sector should not be a debate between local and foreign banks.
The Chief Executive Officer (CEO) of McDan Group of Companies, a business conglomerate, Dr Daniel McKorley, has been adjudged the Marketing Man of the year 2017, with a pledge from him to establish 20 small-scale enterprises (SMEs) in the country.