A decision by the government to support some seven local banks financially so they meet Bank of Ghana's (BoG) minimum capital requirement has been justified.
The Bank of Baroda (Ghana) Ltd has denied media reports it is winding up its operations in Ghana because it does not want to meet the GH₵400 million minimum capital requirement imposed on banks in Ghana by the Bank of Ghana.
The Bank of Ghana (BoG) will, this week, announce the list of banks that have successfully raised their minimum capitals to GH₵400 million in compliance with its earlier directive, which elapsed on December 31, 2018.
The Ghana unit of Standard Bank of South Africa, Stanbic Bank Ghana Limited, has absorbed customers of the local subsidiary of Indian-state lender, Bank of Baroda under an arrangement that comes at no cost to the former.
The Dormaa Central Municipal Chief Executive, Mr Iddrissa Ouattara says an investor has expressed interest in the establishment of a gari processing plant in Dormaa-Ahenkro under one district one factory agenda.
Banks like Prudential bank, NIB and others are likely to benefit from government's GH₵2 billion bailout package to enable them meet the Bank of Ghana (BoG) deadline on recapitalization, which expires today, December 31.
The government is to announce a GH₵2 billion bailout package for some six indigenous banks to enable them to meet the Bank of Ghana (BoG) deadline on recapitalization, which expires today, December 31.
The Ghana Export Promotion Authority (GEPA) has asked stakeholders to ensure export data integrity by recording and transmitting accurate export data which is crucial for economic planning.
Brussels Airlines have declared their commitment to increase and improve its services in the country following high demand resulting from growth in the economy.
Vodafone Ghana has acquired a 2x5MHz frequency spectrum block in the 800 MHz Band for mobile services which will allow it to provide 4g services to its customers.
The Ministry of Energy has opened applications for prequalification from interested companies for the oil blocks the government has put up for competitive bidding.
Cargill’s cocoa and chocolate business in Ghana has organized a Family Day event blending fun, family, and work in one well-planned occasion for its employees and their families.
