The Bank of Ghana (BoG) has denied claims it engaged in frivolous spending following reports that it blew US$504,000 on gold watches explaining that the expenditure is part of its policy.
BoG revokes licences of 347 microfinance companies; 137 remain
Licence of 386 financial institutions revoked
Government must be transparent on how loans were used - Alex Mould
137 microfinance companies ‘in good standing’ after cleanup
There will be no job losses - BoG assures after licenses revocation
BoG rejects GHC6 to a dollar EIU projection
BoG secures GHc900 to clean up microfinance sector
Banking sector now resilient – BoG
Non-Performing loans still high
Ghana adds 21.4 billion cedis to debt stock in three months
Alex Mould writes; Banking Crisis Part 1: Bank of Ghana is to blame
BoG’s Monetary Policy Committee keeps policy rate at 16%
Banking reforms, step in the right direction – Canadian Investor
Resources not available to undertake GH¢7bn non-banking sector clean-up - BoG
Poor records and non-existent data pose challenge to debt recovery – Governor
GCB Bank backs BoG on special court to prosecute financial cases
GCB throws weight behind BoG for Special Court
Banking crisis: 50 directors, shareholders of collapsed banks to face court
Finance Ministry releases about GHC1bn for microfinance, rural bank cleanup
Bank bust: 50 court cases against shareholders, directors, loan defaulters – Addison
Bank bust: BoG chases shareholders, directors, loan defaulters
Banks collapse: Only GH¢731 million out of GH¢10.1 billion loans recovered — Governor
Set up special courts for financial cases – BOG boss
Ghana to recruit more banks to market its domestic bonds
Banks’ paid-up capital shows 74.8% increase after BoG reforms
Impact of financial sector reforms will be felt long-term — BoG
Deposits of banks have increased after recapitalization - BoG
Charge in GH¢ only or be punished - Bank of Ghana warns public
BoG to punish businesses, individuals who charge in dollars
Stop charging in foreign currencies – BoG warns
Don’t charge, pay for goods and services in foreign currency – BoG warns
Banknotes were not upgraded because of counterfeiting – BoG
Upgraded bank notes to go into circulation today
Circulation of new cedi notes starts today
Bank of Ghana reiterates position on foreign currency use
Full banking sector confidence would be realized before end of year - BoG Governor