Tag: Bank of Ghana
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
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
Are the Directors of the Failed Banks in Serious Trouble?
The conversation relating to the August 1, 2018 announcement of the ‘collapse’ and so-called ‘consolidation’ of the five bankswent from taking stock of the intensity ... Read More
Overview of BOG’s Corporate Governance Directives
Banking in Ghana began in the 1890s when Standard Chartered Bank (Ghana) Limited established its first branch in Accra. This was followed by the opening ... Read More
Unibank vs UT Bank and Capital Bank: Spot the Difference?
The Bank of Ghana (BOG) on March 20, 2018, appointed KPMG as “official administrator” of Unibank Ghana Ltd (“Unibank”). According to the BOG, the appointment ... Read More
Are Banks Allowed to Name and Shame Defaulting Customers?
In 1896, the Bank of British West Africa (which later became the Standard Chartered Bank) opened its first branch in Accra. Between 1920-1950, the Bank ... Read More