Some financial and political observers have suggested that the Governor of the Bank of Ghana, Dr. Abdul Nashiru Issahaku would have to take a principle position to vacate his position as a new political administration assumes power. The suggestion comes despite the autonomy of the Bank of Ghana and Governor of the bank. Per the … Read more
Banking Consultant, and Head of the Osei Tutu II Centre for Executive Education & Research, Nana Otuo-Acheampong has expressed optimism in the new regulations announced by the Bank of Ghana (BoG) aimed at strengthening activities in the microfinance industry. As part of the regulations, the central bank has directed microfinance companies to observe corporate governance … Read more
Banking Consultant, and Head of the Osei Tutu II Centre for Executive Education & Research, Nana Otuo-Acheampong has expressed optimism in the new regulations announced by the Bank of Ghana (BoG) aimed at strengthening activities in the microfinance industry. As part of the regulations, the central bank has directed microfinance companies to observe corporate governance … Read more
It appears the decision by the Bank of Ghana(BoG) to introduce a new logo for all microfinance companies in the country may face a stiff resistance. The Bank of Ghana in announcing new regulations for microfinance companies in Ghana launched a logo to distinguish between licensed microfinance institutions and unlicensed ones. Unveiling the logo in … Read more
The Central Bank of Ghana has introduced a new set of business regulations and corresponding sanctions to effectively regulate the microfinance industry. Limits of risk management and effective corporate governance practices are outlined in the sixty-six-page document. It also emphasises the need for boards of the companies to act collectively with management to put some … Read more
Some financial analysts are anticipating that the Bank of Ghana (BoG) will sustain the decision to reduce further, its policy rate to ease access to credit to businesses. According to them, commercial banks will respond to calls for lower interest rates if the primary reference which is the policy rate, drops. “It is in the … Read more
As the Monitory Policy Committee of the central bank meets today, expectations of a policy rate cut are high, as the IMF programme appears to have impelled a modicum of prudence in macroeconomic management, with inflation and the cedi sliding less than it was feared when the year begun. The MPC will either maintain the … Read more
Some bankers have warned any move by Government to cap interest rates in Ghana will end in a disaster. Banking consultant and Principal Consultant at Osei Tutu II Centre for Executive Education & Research Nana Otuo Acheampong told host of Business Today, Vivian Kai Lokko that ‘It will be a disaster if we decide to … Read more
Some financial observers have lauded moves by the Bank of Ghana(BoG) to bar foreign banks from occupying the Managing Director position and Board Chair position concurrently with foreigners. The Second Deputy Governor of the Bank of Ghana, Dr. Johnson Asiama speaking at forum in Accra announced that the central bank will soon come out with … Read more
Nana Akomeah, National Communication Director of the New Patriotic Party has stated that the current economic hardship Ghana is experiencing is as a result of the poor, corrupt and incompetent leadership experienced under the NDC government. He was delivering the key note speech at a special lecture organised by the Young Executive Forum (YEF) of … Read more
Nana Akomea, National Communication Director of the New Patriotic Party, has stated that the current economic hardship Ghana is experiencing is as a result of the poor, corrupt and incompetent leadership experienced under the NDC government. He was delivering the keynote speech at a special lecture organised by the Young Executive Forum (YEF) of NPP … Read more
Despite reports that the Bank of Ghana(BoG) may compel all banks in the country to meet the new capital requirement shortly, Banking Consultant, Nana Otuo Acheampong has told Citi Business News the regulator is yet to come out with an economic capital requirement after with the regulatory capital will follow. The economic capital, according to … Read more
Preliminary investigations carried out by the Bank of Ghana (BoG) has exonerated the Board Chairman of GCB Bank of any wrongdoing in the current impasse at the bank. There have been recent reports in the media suggesting that Daniel Owiredu has been pushing the Bank to approve loans without a collateral. A recent statement issued … Read more