Tag: banks
Commercial banks should not be faulted for selling cocoa bills –...
Former President of the Ghana Association of Banks, Alhassan Andani, says commercial banks should not be faulted for selling cocoa bills to customers.According...
Cocoa bills default: BoG, COCOBOD agrees to allow banks to use...
Dr. Ernest AddisonThe Bank of Ghana, Ghana Cocoa Board (COCOBOD) and the commercial banks have agreed to allow banks to use COCOBOD’s deposits/placements...
BoG directs banks to unilaterally roll over COCOBOD investors’ bonds
JoyNews is learning that monies paid to investors who purchased cocoa bills on maturity on Thursday, January 19, 2023 have been withdrawn from...
Debt Exchange: Banks seek shorter maturities in local debt-swap deal
Ghanaian banks are holding out for better terms in a domestic bond-exchange programme aimed at easing the government’s debt-service burden.No bank will make...
Some banks unhappy with current form of debt exchange programme
Some banks have expressed unhappiness with government’s modification of the debt exchange programme and its timelines, saying, it will negatively affect their operations.According...
BOG directs banks not to accept guarantees from Ghana Exim Bank
Governor of BoG, Dr. Ernest AddisonThe government plans to develop the industrial sector through its flagship programme One District One Factory may suffer...
Banks reject debt exchange programme – Professor Bokpin
Economist and Finance Lecturer, Professor Godfred Bokpin has stated that banks operating in Ghana have rejected the original terms of the debt exchange...
Banks’ capital adequacy ratio falls due to investment losses – BoG
The Capital Adequacy Ratio (CAR) of banks fell to 14.2% in October 2022 due to investment losses by some banks as a result...
Banks must strengthen risk assessment measures – Prof. Abor
A professor of finance, Joshua Yindenaba Abor has asked banks to strengthen their regulations and tighten their risk assessment regimes to be able...
Absa Bank’s new way to homeownership
There are two kinds of people in this world. those that regard retirement as a necessity to be planned for. and those that...
