NEWS

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. ...

Former President John Agyekum Kufuor has called on Parliament to expedite action on the passage of the 2018/2019 academic year fees for tertiary institutions across the country. According to him, delays in approving the fees will disrupt activities on the academic calendar of universities. Speaking at the 10th Graduation Ceremony of the George Grant University of Mines and Technology at ...

President Nana Addo Dankwa Akufo-Addo has tasked heads of tertiary institutions across the country to make adequate preparations for the intake of Senior High School students benefitting from the Free Senior High School policy initiated by his government. Despite pressure from the opposition to terminate the policy, Akufo-Addo, passionate about the plan to ensure every child has access to education, ...

The National Association of Graduate Teachers (NAGRAT) has joined the Ghana National Education Campaign Coalition (GNECC) to call for the suspension of the double-track system for Senior High Schools. The association of graduate teachers wants government to engage enough stakeholders before going ahead with the implementation of the new system. “If it is rolled out anyway without our inputs and ...

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 ...

President Akufo-Addo has tasked public universities to brace for an astronomical increase in prospective students following the government’s implementation of Free Senior High School (SHS) policy. He used the occasion of the investiture of the first female chancellor of the University of Ghana, Mary Chinery-Hesse, to alert Vice-Chancellors across the country’s to prepare to absorb an expected marked increase in ...

Information Minister Dr Mustapha Abdul-Hamid has asked the public to ignore Finance Minister Ken Ofori-Atta’s opinion that the Free Senior High School (SHS) policy be reviewed to target the poor while the rich are made to pay for their children’s second-cycle education. According to him, the vision of President Nana Akufo-Addo is a free-for-all SHS programme and that is what ...

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 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 ...