Ghana national oil blames rising fuel prices on central bank’s forex policy
The Chief Operating Officer of Ghana Oil Company Limited (GOIL), Mr. Alex Josiah Adzew, has traced the skyrocketing pump price to the inability of the Bank of Ghana (BoG) to adopt pragmatic and prudent measures in securing the local currency…
Ghana: If weak banking sector is poor credit access, high lending rates, how safe’re we?
The ‘Hurricane’ Bank of Ghana (BoG) that swept together five commercial banks in Ghana into newly licensed Consolidated Bank this week can be an eye opener to the Nigerian banking sector in many aspects. Just like former Central Bank of…
Ghanaian President makes U-turn on planned stifling of local banks’
Ghanaian President, Nana Addo Dankwa Akufo-Addo seems to have soft-peddled on the planned recapitalization of bank operating in the economy which analysts have seen as a design to stifle struggling indigenous banks to the advantage of deep-pocket foreign banks. Addressing…
BoG urges banks, mobile money operators to develop attractive mobile-based services
Governor of Bank of Ghana (BoG), Dr Ernest Addison, has called on commercial banks and mobile money operators in Ghana to ride on the excellent growth of mobile money in the country to raise their bar in developing more eye-catching…
Ghanaian warns central bank against squeezing indigenous banks to extinction
A leading columnist in Ghana, Mr. Samuel Nii Narku Dowuona has written an open letter to the Governor of Bank of Ghana (BoG), Dr. Ernest Addison, warning of the multiplier effects of hiked recapitalization regime of banks in Ghana. BoG…
IT pundits in Ghana seek information sharing to deepen cyber-security architecture
As part of concerted efforts to raise safety limits on issues of malware and related attacks associated with cyber-security challenges, Ghanaian Information Technology (IT) experts are now calling for information sharing to strengthen cybersecurity in the economy. Business Hilights Ghana…
Ghana smokes out petroleum products racketeering ring made up of locals, foreigners
The Ghanaian Bulk Oil Storage and Transportation Company Limited (BOST) have swooped on a deadly black marketing cartel specialising in sabotaging the country’s nascent oil and gas industry. The agency said some Ghanaians and foreigners collude to milk the economy…
Inflation forcing Ghana’s MPC to keep rate above 20% till 2018
Just as the Central Bank of Nigeria (CBN) in its recent Monetary Policy Committee (MPC) meeting retained rate at 14 per cent in view of the fragile nature of Nigeria’s exit from recession, the Bank of Ghana (BoG) is working…
Fidelity Bank leads 35 others in Capital Adequacy Ratio in Ghana
Even though the Ghana central bank has recently set new recapitalization hurdle for the entire 36 commercial banks operating in the country, latest statistics released by the Bank of Ghana (BoG) has shown that Fidelity Bank Ghana is leading other…
Zenith, 6 other Nigerian banks in Ghana race to meet new minimum capital base
Following the recent upward review of banks’ minimum capital requirement for commercial Banks from ¢120 million to ¢400 million (about ($100 million or N30 billion) by the Bank of Ghana (BoG), Nigerian banks operating in the country have approached their…
