Rural Banks’ Assets Hit GH¢2.76 Billion

The total assets of the Rural and Community Banks (RCB) in Ghana have hit GH¢ 2.76 billion as at the end of September 2016, available data from Bank of Ghana has revealed. With a total number of 140 licensed institutions and still counting, the RCB sector constituted 3.37percent of the asset size of the entire … Read more

BOG Asks Apex Bank MD To Proceed On Leave

The Bank of Ghana has directed embattled Managing Director of the ARB Apex Bank, Kwadwo Aye Kusi, to proceed on leave, effective Monday, November 28, 2016, the B&FT has gathered. A letter from the central bank, citied by the B&FT, said it received a complaint lodged by the local workers’ union of ARB Apex Bank … Read more

Bank of Ghana Investigates ARB APEX Bank

The Governor of the Bank of Ghana (BOG) Dr. Abdul-Nashiru Issahaku has disclosed of an ongoing investigation into the current happening at the ARB Apex Bank, “Central Bank” for all Rural and Community Banks” (RCBs) in Ghana. According to Dr. Abdul-Nashiru Issahaku the central bank is aware of the rising tension within the bank and … Read more

Union To Petition Board of ARB APEX BANK Demanding MD’s Head

The National Union of Industry, Commerce and Finance Workers (UNICOF) has said the central bank should not renew the term of office of Kwadwo Aye Kusi, Managing Director of the ARB Apex Bank, who came under EOCO investigations last year regarding some procurement irregularities. A statement from UNICOF, copied to the B&FT, has declared two … Read more