Today's Ghana Business, Banking and Economic news

GCB Bank has shut down 31 branches of the defunct UT and Capital Banks after it successfully completed the full integration of the systems of the two collapsed banks to offer customers a wide network of some 183 branches across the country.

The Bank of Ghana is self-assured it should be able to regulate activities on the use of digital currencies in Ghana, with the passage of the new laws on electronic financial payments in Ghana.

The Institute for Energy Security (IES) has forecasted a 2 percent rise in fuel prices in the first pricing window of February 2018 if the government fails to implement measures to keep prices steady.

Government, through the Energy ministry, has revealed its projections for the country’s petroleum downstream sector, which is to become West Africa’s preferred hub for quality refined petroleum products.

Finance Minister Ken Ofori Attah and the Commission for Human Rights and Administrative Justice, CHRAJ have been sued at the Supreme Court over the controversial $2.5 billion government bond.

The joint Economic Partnership Agreement, EPA, between Ghana and the European Union on Wednesday in Accra started deliberations to adopt rules of procedures for effective implementation of the agreement.

The long-awaited Single African Air Transport Market, SAATM, will be launched this week by the African Union heads of states that have converged in Ethiopia’s capital Addis Ababa.

The Bank of Ghana has announced that trading and using the popular cryptocurrency known as Bitcoin in the country is illegal and not recognized as a legitimate form of currency in the country.

The Monetary Policy Committee of the Bank of Ghana on Monday has announced its decision to maintain the monetary policy rate at 20%.

The Governor of the Bank of Ghana, Dr Ernest Addison is today, January 22, 2018, expected to announce the central bank’s policy rate for commercial banks for the next couple of months.

Board of Directors of Bayport Financial Service has named Nii Amankra Kwashie Tetteh as the new Managing Director of Bayport Ghana.

Pramso Saint Michael’s Midwifery Training School in the Ashanti Region has received a refund of about GH¢320,000 stolen from its accounts, Luv News sources have revealed.

First National Bank has appointed Hannah Annobil-Acquah as Head of Retail Banking.

The Entrepreneurs Foundation of Ghana (EFG), has opened nominations for the eighth edition of Ghana Entrepreneur and Corporate Executive Awards (GECEA) 2018, which is expected to close on January 31, this year.

Tanzania’s central bank has cancelled licences for five banks operating in the country and placed them under receivership.