Taxing mobile money will hinder financial inclusion in the long-term

This story from Uganda holds great lessons for Ghana that I believe culling it from the Monitor of Uganda and relating it to the progress we have made in Ghana is very important. Over the last 18months, there has been a consistent attempt by many Governments within Sub Saharan Africa to tax mobile money and […]

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NEIP boss praises Akufo-Addo for giving cash support to local businesses

The Chief Executive Officer of National Entrepreneurship and Innovations Plan (NEIP), lawyer John Kumah has lavished praise on President Nana Addo Dankwa Akufo-Addo for his commitment towards the support for businesses owned by young people. Mr. Kumah stated that it is the desire of the president to support private owned businesses and as part of […]

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Capital Bank founder used ¢80m depositors’ funds as ‘Personal Piggy Bank’

An exclusive financial autopsy report into the collapse of Capital bank has revealed its majority shareholder used 80m of depositors and public funds for his personal piggy bank. The exclusive report to Joy News shows Mr Ato Essien who founded the bank, “flouted all banking and risk management rules” in the management of monies saved […]

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Banks collapse: BoG failed in supervision – Economist

Economist, Prof. Godfred Bokpin has said that, the Bank of Ghana (BoG) is to blame for the woes of banks in the country. Ghana is currently experiencing a period of banks’ struggles with many analysts calling for pragmatic measures to address the issue. Speaking on Eyewitness News on Wednesday, Prof. Bokpin indicated that, the BoG […]

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Menzgold not licensed for deposits, sanctions on the way – Bank of Ghana

The Bank of Ghana will soon take punitive measures against the trading company, Menzgold Ghana Company Limited. According to the Bank of Ghana (BoG) Menzgold, which is known as a precious minerals trading company, is carrying out unlawful transactions by taking deposits. In a public notice issued by the BoG, it said the company has […]

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Bank of Ghana’s warning ‘unfortunate’ – Menzgold

The management of trading company Menzgold Ghana Company Limited has expressed grave concerns over the Bank of Ghana’s (BoG) threat of taking punitive actions against them. The company said the BoG’s warning was ‘unfortunate.’ The central bank had indicated that it was moving against Menzgold. According to the regulator, Menzgold, which is known as a […]

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BoG Capital Requirement: Three more banks to go

At least three local banks are likely to cease to be in operations today as the Bank of Ghana readies to announce banks that have been unable to meet its new minimum capital requirement of GHC400 million. According to Starrfmonline.com sources, the affected banks have not been in existence for long with their operations spanning […]

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Bankers in danger under Ofori Atta tenure – Adongo

Member of Parliament for Bolgatanga Central, Isaac Adongo has said workers in the Banking sector will continue to work at the peril of their lives as long as the "inconsiderate" Minister of Finance, Ken Ofori Atta remains in office. He alleged that Ken Ofori Atta who’s only in office to enrich himself is bent on […]

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BoG keeps policy rate at 17%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has announced that it will maintain the policy rate at 17 per cent. According to the central bank, the latest development is as a result of recent happenings at both the international and domestic front. For instance, the increase in the US monetary policy […]

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Bawumia urges Vodafone to give customers unmatched experience

Dr Mahamudu Bawumia, Vice President has urged Vodafone to give its customers unmatched experiences in the telecommunication industry. He noted that the telecommunication industry contributed to development of the educational and health sectors and also created databank for financial and national inclusion, adding that Vodafone was not an exception. “We will also do everything in […]

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