BUSINESS

A close confidante to the president, Gabby Asare Otchere Darko is reporting the revised controversial AMERI deal is off. In a tweet Thursday, the lawyer quoted a story by the Statesman newspaper with the headline “New Ameri deal is off.” Gabby Asare Otchere Darko was a former Editor of the Statesman newspaper which is a pro-government newspaper. NEW AMERI DEAL ...

The Member of Parliament for Bolgatanga Central Isaac Adongo has said the Bank of Ghana’s merger of five local banks is deliberate to collapse huge local banks. The Central Bank on August 1 merged Unibank, The Royal Bank, Sovereign Bank, The Construction Bank and Beige Bank under a new name Consolidated Bank of Ghana Limited. Announcing the move, the governor ...

It has emerged that shareholders of uniBank used monies from the bank to acquire estate properties in their own names. According to the central bank “uniBank’s shareholders and related parties admitted to acquiring several real estate properties in their own names using the funds they took from the bank under questionable circumstances”. The governor of the Bank of Ghana, Dr. ...

The Bank of Ghana on Wednesday August 1, 2018, announced that it has consolidated five domestic banks into what it calls the Consolidated Bank Ghana Limited. The five banks are uniBank, Royal Bank, Sovereign Bank, Beige Bank and the Construction Bank. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, some of the banks obtained their licenses ...

PRESS RELEASE GOVERNMENT ESTABLISHES NEW INDIGENOUS BANK; BANK OF GHANA REVOKES LICENCES OF FIVE BANKS AND APPOINTS RECEIVER IN RESPECT OF THEIR ASSETS AND LIABILITIES The Bank of Ghana today has granted a universal banking licence to Consolidated Bank Ghana Limited established by the Government. The Bank of Ghana has also today revoked the licences of uniBank Ghana Limited, The ...

At least three local banks are likely to cease to be in operations today as the Bank of Ghana readies to announce banks that have been unable to meet its new minimum capital requirement of GHC400 million. According to Starrfmonline.com sources, the affected banks have not been in existence for long with their operations spanning between 2 and 5 years. ...

The Bank of Ghana has collapsed five banks into a Consolidated Bank of Ghana Limited. The banks are BEIGE, Sovereign, Construction, UniBank and Royal Bank. It follows the insolvency of the four banks after investigations by Bank of Ghana. The BoG Governor, Dr Ernest Addison announced this Wednesday afternoon. Graphic Online’s reporter, Maxwell Adombilla Akalaare, who was at the press ...

The Construction Bank is winding down its operations in Ghana, Starrfmonline.com can confirm. The “voluntary” move by the shareholders and board of directors is in consultation with the regulator – the Bank of Ghana. The bank is in the process of notifying all its customers of the imminent changes, but has assured that “all official business transactions will continue until ...

The Ministry of Energy has rejected claims that the renegotiated Ameri deal is worse than the original agreement signed by the government in 2015 at the peak of Ghana’s energy crisis. Communications Specialist at the Energy Ministry, Nana Kofi Oppong Damoah, maintained the new deal currently awaiting parliamentary approval, was renegotiated taken into accounts the interest of Ghana. Some experts, ...

The management of Universal Merchant Bank (UMB) says it has arrested of an unscrupulous syndicate who attempted to attack its infrastructure last week. The Bank achieved this with the successful collaboration with the Ghana Police Service (GPS) who helped with their expertise in the area of cyber attack to cause the arrest of the syndicate. “UMB wishes to state that due to the significant infrastructural ...