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Meet new capital requirement by Feb. 2020 – BoG to rural banks

The Bank of Ghana has urged rural banks and Microfinance agencies to meet their revised minimum capital requirement by February 2020 or be sanctioned. In a statement the Central bank called on shareholders of the institutions to be guided...

Customers of collapsed MFIs may not get full deposits - Eric Nipah

The receiver of the microfinance companies collapsed by the central bank, Eric Nipah, has stated that there is no guarantee that the customers of such financial institutions will be able to retrieve their full deposits lodged. Mr. Nipah speaking...

Salaries of CEOs to be pegged

The Chief Executive Officer of State Enterprises Commission, Stephen Asamoah Boateng, has disclosed that the salaries of CEOs of state-owned enterprises will soon be pegged. The move comes after a committee established by the Commission to...

Insolvent Global Access S&L was still paying high rent to its owner — BoG

The Bank of Ghana has stated that Global Access Savings and Loans Company, one of the companies which lost its license, was still paying rent to its majority shareholder even at the point when the company was unable to meet depositors’ demands.

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