Tag: Securities and Exchange Commission

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Who Should Regulate Menzgold – BOG or SEC?
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August 9, 2018July 24, 2025Banking and Finance

Who Should Regulate Menzgold – BOG or SEC?

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In November 2017, the Bank of Ghana (BOG) via notice[i]cautioned the public against transacting business with Menzgold Ghana Company Limited (Menzgold). The notice further stated that anyone who continues to transact business with the company “does so at his or her own risk, and the Bank of Ghana will not be liable to such clients...

Are Banks Allowed to Name and Shame Defaulting Customers?
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February 28, 2018July 24, 2025Banking and Finance, Corporate and Commercial, Opinions and Articles

Are Banks Allowed to Name and Shame Defaulting Customers?

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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 of British West Africa and Barclays Bank were the only banks operating in the Gold Coast[1]. The banking landscape has since changed and Ghana now has over 35 banks. But...