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I haven’t resigned – 2nd Dep. BoG Governor

The Second Deputy Governor of the Bank of Ghana, Dr Johnson Asiama, has denied media reports that he has resigned from the post. Media reports are rife that Dr. Asiama who was appointed into office during the tenure of former President John Mahama has taken his accumulated leave and will …

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Ghana grew 6.6, 9% in 1st and 2nd quarter – BoG

Ghana’s economy grew by 6.6 percent and 9.0 percent in the first and second quarter of 2017 respectively, the Governor of Bank of Ghana, Dr. Ernest Addison has stated. Addressing a news conference Monday after the bank’s 79th regular meeting of the Monetary Policy Committee (MPC), Dr. Addison added that …

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SEC to increase minimum capital requirement for capital market operators 

The minimum capital requirement for operators in Ghana’s capital market will soon be reviewed upward, director general of the Securities and Exchange Commission Rev. Daniel Ogbamey Tetteh has hinted. He, however, failed to mention the margin of increase but noted it will be “significant”. The Commission will soon notify market …

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New minimum capital requirement sensible – Economic Historian – Starr Fm

An economic historian at Cambridge University, Professor Gareth Austin, has lauded as timely the Bank of Ghana’s announcement of a new minimum capital requirement for banks to operate. The central bank early this month raised the minimum capital requirement to GH¢400 million, equivalent to about US$100 million. Commercial banks in …

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Banks considering Mergers and acquisition – BoG – Starr Fm

The Governor of the Bank of Ghana, Dr. Ernest Addison, has said following the announcement of the new capital requirement, the central bank has received mergers and acquisition proposals in order to make the cut. The current GH¢400 million capital requirement is one that many financial analysts have predicted will …

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BoG maintains policy rate at 21% – Starr Fm

The Monetary Policy Committee of the Bank of Ghana has maintained the policy rate at 21 per cent. Addressing a press conference Monday, the Governor of the Bank of Ghana, Dr. Ernest Addison said improved global growth prospects and accommodative monetary policy stance in advanced economies have impacted favourably on …

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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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