Tag: Banking Crisis

Our GH¢25 billion banking sector clean-up saved a lot of jobs – Dr. Bawumia

Business Agaatorne Douglas Asaah -
Vice President Dr Mahamudu Bawumia has stated that the banking sector clean-up exercise saved Ghana’s banking sector from a...

Banking cleanup: Finance Committee rejects Ofori-Atta’s GHC15 billion request

Economy Efo Korsi Senyo -
Finance Minister Ken Ofori-Atta has failed to secure approval from the finance committee of parliament for an amount of...

Banking Crisis: Jail Dr. Addison for causing GH¢14b financial loss – Dr. Lawrence to 2021 Gov’t

Banking & Finance Efo Korsi Senyo -
The Founder and leader of the US-based Diaspora Progressive Movement, Dr. Lawerence Appiah is asking any government that will...

Dr. Lawrence writes: Banking Crisis: Ernest Addison will go to Jail after 2020

Opinions Awake News Desk -
Any government that comes after 2020 should be prepared to take the Governor of Bank of Ghana, Mr Ernest...

‘We stopped taking new deposits in 2018’ – Gold Coast responds to SEC

Business Kekeli Kuatsenu / News Editor -
The Gold Coast Fund Management (GCFM) has revealed that, it ceased taking new deposits for its Structured Finance product...

Seidu Agongo Writes: We can only grow when we empower our own

Business Kekeli Kuatsenu / News Editor -
Once, I asked myself: why are the staff of the World Bank and the International Monetary Fund (IMF) so...

Nduom’s customers on the neck of SEC

Business Awake News Desk -
An angry group by name Concerned Gold Coast Fund Management Customers is demanding answers from the Securities and Exchange...

Why can’t we allow our neighbors, school mates or ‘friends’ to succeed? – Dr. Nduom asks

News Kekeli Kuatsenu / News Editor -
President of Groupe Nduom, Dr. Papa Kwesi Nduom has raised concerns over the unfair treatment of Ghanaian-owned businesses and...

Delay in prosecuting people for banking sector rots may affect public confidence – Ken Thompson

Banking & Finance Efo Korsi Senyo -
Dalex Finance Chief Executive Officer, Ken Thompson has warned that the financial system risks being undermined due to delays...

Banks make huge profits

Banking & Finance Kekeli Kuatsenu / News Editor -
Majority of the 23 banks that met the Bank of Ghana’s recapitalization requirement of GH₵400 million, made huge profits...

It’s not unlawful to use Pensions Fund to rescue distress local banks – Prof. Gatsi on GAT concerns

Banking & Finance Kekeli Kuatsenu / News Editor -
Prof. John Gatsi said this during a discussion on issues surrounding the Ghana Amalgamated Trust (GAT) on TV3`s Key Points show.

Isaac Adongo accuses BoG Governor of deceiving investors with manipulated economic data

Business Kekeli Kuatsenu / News Editor -
He alleged that the Central Bank has concealed and manipulated Ghana’s Net International Reserves (NIR) which is evident in the bank’s silence on the country’s July 2018 and May 2018 NIR.