Category: Banking and Finance
Security Without Security – Lessons For Banks, And Similar Institutions (1)
Banks and Specialized Deposit Taking institutions (SDTIs) exist to provide financial solutions to their Customers. In doing so, they largely take deposits and grant credit ... Read More
Tracing and Recovery of Assets in Ghana: Has Ghana’s Supreme Court Laid Down A New Standard?
The Plaintiff, a bank incorporated in Nigeria, desirous of expanding its business operations in Chad opened an account with Banque Commercial Du Chad (BCC) which ... Read More
Ghana’s 2000 Banks Collapse (Part 2)
Under Act 180, the liquidator’s role was simply to identify the assets of the banks, sell them and use the proceeds to settle the debts ... Read More
Ghana’s 2000 Banks Collapse (Part 1)
Ghana’s Banking sector has experienced a number of significant changes in the past year. Of all these changes, the Bank of Ghana’s revocation of the ... Read More
Regulating Related Party Activities in Ghanaian Banking
A survey of the reporting of the still on-going issues surrounding the banking sector in Ghana reveals that many of the problems associated with the ... Read More
Re: Ghana’s Banking Crisis: The Deposit Protection Angle, Part I
Introduction: After reading the succinct analysis on the above subject matter by Samuel Alesu-Dordzi, I am inclined to break my usual norm as a passive ... Read More
Ghana’s Banking Crisis: The Deposit Protection Angle
The recent collapse of 7 commercial banks has generated a lot of interest and discussions. In spite of these discussions, not much has been said ... Read More
What is Money?
Messrs Twumasi Ankrah and Nartey in different articles concerning the legal consequences of the operation of Menzgold Ghana Limited were unanimous on one point: that ... Read More
Deposit-Taking or Not: The Curious Case of Menzgold Gh Ltd and The Dilemma of the Bystander
The Bank of Ghana (BoG) in furtherance of its supervisory powers under the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) has embarked on ... Read More
Who Should Regulate Menzgold – BOG or SEC?
In November 2017, the Bank of Ghana (BOG) via noticecautioned the public against transacting business with Menzgold Ghana Company Limited (Menzgold). The notice further stated ... Read More