Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.
Ghana’s President, Nana Addo Danquah Akufo – Addo has reaffirmed the commitment of his administration to address the various threats posed to industries in the country.
One of Ghana’s Telecom operators - Tigo is celebrating the 5th anniversary of its community development initiative: the Digital Changemakers competition.
Chief Executive Officer of the Jospong Group, the parent company of Zoomlion Ghana Ltd Joseph Siaw Agyapong, says he is not a greedy and corrupt businessman who seeks to rip off the state as perceived by most Ghanaians.
More than 300 Kenyans hired by the Chinese operator of the Mombasa-Nairobi Standard Gauge Railway (SGR) passenger train have finally been issued with one-year renewable contracts, reducing the possibility of industrial action by the workers.
A source at Capital Bank, one of two banks, whose operations have been taken over by the Ghana Commercial Bank, say the bank’s collapse is not strange to most people, especially after management consistently ignored warning signs about how the operations were being run.
Minister of Trade and Industry, Alan Kyerematen has reiterated the need for Ghanaians to understand the policies of the government in order for the country to achieve the intended targets of positive transformation.
The Governor of the Bank of Ghana, Dr. Ernest Addison has stated that the central bank provides a general report of the country’s banking system and not those of individual banks.
Q. Why has the Bank of Ghana decided to revoke the licenses of UT Bank and Capital Bank?
A. UT Bank and Capital Bank were deeply insolvent, meaning that their liabilities exceeded their assets, putting them in a position not to be able to meet their obligations as and when they fell due.
