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Last Wednesday was “terrible” for me – Otabil – Starr Fm

Pastor Mensah Otabil who was chair of the defunct Capital Bank has admitted last week was a bad week for him. According to him,  the Monday which saw the Central Bank announce the shutdown of  Capital and UT banks for insolvency, was a “fortunately a good day”. “Monday was …

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Bawumia works with “commendable brilliance” – Akufo-Addo – Starr Fm

President Nana Addo Dankwa Akufo-Addo has patted his vice Dr. Mahamudu Bawumia on the back for “his commendable brilliance and high sense of responsibility.” According to Akufo-Addo, the Bank of Ghana should be proud to have had one of its own as a vice president whose dedication to work …

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Takeover of UT, Capital banks laudable – DI – Starr Fm

The Danquah Institute, a research and policy analysis centre, has commended the Bank of Ghana over its decision to revoke the licenses of UT and Capital Banks. The two banks have since been swallowed by GCB Bank due to their impaired financial status. “The intervention of the Bank of …

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Address banking sector challenges – Akufo-Addo to BoG – Starr Fm

President Nana Addo Dankwa Akufo-Addo has charged authorities of the Bank of Ghana to employ all creative means to address challenges confronting the nation’s banking sector. “The need to entrench reputation and credibility in the financial system is crucial. A weak banking system undermines growth, and, on this basis, …

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BoG to punish banks over govt cash transfer – Starr Fm

The Bank of Ghana (BoG) has served notice that it will be taking punitive actions against some commercial banks in the country for deliberately delaying the process of transferring government funds into the treasury single account. According to Starr Business checks, most banks are not complying with the directive …

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BoG must scrutinize monitoring system – Lecturer   – Starr Fm

A lecturer at the Ghana Institute of Management and Public Administration (GIMPA) Clement Akapame has tasked the Bank of Ghana (BoG) to take a second look at its monitoring of the country’s banking sector. This follows the Central Bank’s revocation of the licenses of UT bank and Capital bank …

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Claims of more banks collapsing unfounded – BoG – Starr Fm

The Governor of the Central Bank Dr. Ernest Addison has dismissed claims that other banks in the country are suffering liquidity problems and may soon collapse. Deputy finance minister Kwaku Kwarten has claimed that some more banks are suffering financial challenges and may go down if drastic measures are …

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Keli Gadzekpo, Comfort Ocran appointed to BoG board – Starr Fm

Co-founder of Databank and business associate of finance minister Keli Gadzekpo and wife of motivational speaker Albert Ocran, Comfort Ocran, have been appointed to the board of the bank of Ghana. Vice President Dr. Mahamadu Bawumia sworn the 13-member board into office today. Other members of the board are Dr Ernest …

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We don’t accept deposits – MenzGold to BoG – Starr Fm

Menzgold Company Limited has denied claims by the Central Bank that it receives deposits from its customers. According to the gold buying and trading firm, their operations are legal and covered by the license they received from the Ghana minerals commission. The Second Deputy Governor of the Bank of …

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