Clean-up exercise in banking sector over-BoG announces

The Bank of Ghana says it has completed its clean-up exercise of the banking and specialized deposit-taking (SDI), and non-banking financial institutions (NBFI) sectors. This was contained in a detailed statement issued by the central bank announcing the revocation of licences of 23 savings and

Reported financial statements of First Allied did not reflect…

The Bank of Ghana has revoked the licences of 23 Savings and Loans Companies. These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which requires the Bank of Ghana to revoke the licence of a Bank or Specialised

Reasons Why GN had its licence revoked by BoG

The Bank of Ghana has with effect from today, revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies (see Annex 1). These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act

BREAKING: BoG revokes licences of 23 Savings & Loans…

The Bank of Ghana has revoked the licences of twenty-three insolvent savings and loans companies and finance house companies. The Bank of Ghana has also appointed Eric Nipah as a Receiver for the specified institutions in line with section 123 (2) of Act 930. According to a statement from

Asiedu Nketiah bags MSc in Defence & Politics from Armed…

General Secretary of the main opposition National Democratic Congress (NDC), Mr Johnson Asiedu Nketiah, has graduated from the Armed Forces Command College with a Master of Science degree in Defence and International Politics.  His graduation pictures flooded social media with some commending and

Another lady kidnapped in T’di has escaped from kidnappers

A young girl by name Edem has escaped from the hands of suspected kidnappers.   The lady narrated to eyewitnesses that the unknown men kidnapped her from Takoradi into a taxi Thursday evening.   Rainbow Radio’s Mrs. Salomeh Afriyie who witnessed the narration of the young lady, said the victim, an

Gov’t being dishonest with data on unemployment-Minority

The Minority in Parliament has disputed employment data presented by the Labour and Employment Minister, Ignatius Baffour Awuah. The Minister taking his turn at the Meet the Press Series on Thursday told journalists that “People who are actually not working and made efforts to look for work and

Mahama confers with Chinese Ambassador

Former President and Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama has held discussions with the Chinese Ambassador to Ghana, Mr. Shi Ting Wang. President Mahama noted the strong ideological ties between the NDC and the Communist Party of China. He thanked

A Pratt-Baako ticket for 2020… To break NPP-NDC stranglehold

I know of a Minister of State whose daughter lost her voter ID after the last election and has vowed not to renew it. Reason? She politely asked the dad: “What’s there to vote for?” I know a female NPP sympathiser, a fairly rich woman who, in the last election, paid for the marginalised in her

CRM will not create unemployment-PRO, NPA

The Public Relations Officer (PRO) for the National Petroleum Authority (NPA) Anny Osabutey, has revealed that the new Cylinder Recirculation Model (CRM) will not create unemployment as perceived by some Ghanaians but rather, the system will create more employment directly and indirectly. The

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