Mr Franklin Cudjoe, founding President of policy think tank IMANI Africa, has advised local banks to ensure that they meet the guidelines and the GHS400 million minimum capital requirement of the Bank of Ghana (BoG) or go into the microfinance industry.“They should simply obey the
The Bank of Ghana Governor, Dr. Ernest Addison at a press conference on Tuesday March 20 announced the takeover of a privately managed Ghanaian indigenous bank, uniBank.
Unconfirmed reports have suggested that unibank, has taken over ADB bank. According to reports, a consortium, led by Belstar Capital–a turnkey project finance and implementation institution with links with uniBank has acquired 51% of total shares in the agricultural focused driven bank, ADB.
Following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companies, reports say Ghana is likely to lose about 7 million cedis in revenue Documents indicate that BOST has agreed to sell about 5 million
Uber’s troubled chief executive, Travis Kalanick, has quit following a revolt by major shareholders.He agreed to leave his post at the taxi app firm after receiving a letter demanding his resignation from some of its top investors.The shareholders joined forces just a week after Mr
The government has said that it will take a second look at the mandatory towing charges to take effect on July 1 following public concerns.
The Minority in Parliament is casting doubt over the impact of the Customs Amendment Bill on consumers of imported spare parts. They argue that the absence of a proper mechanism to monitor the margin of reduction in prices would make little of the slashed taxes.
The perks of a new marriage are sizzling. However, it doesn’t always remain the same. Couples always imagine that their affection for each other would be enough to keep their relationships evergreen.
Have you ever wondered what happens to a bank account of a deceased? The account can be handled by a next-of-kin or a beneficiary in order for them to retrieve the money of their deceased relatives.
You might have some family members or friends who become mentally incapacitated at a certain point in their lives. Sometimes, these people have bank accounts and we need to retrieve their money to either take care of them or to attend to other issues.