Tag: BoG

Demand ID card before selling or buying dollars – BOG orders Forex Bureaus

Demand ID card before selling or buying dollars – BOG orders Forex Bureaus

The Bank of Ghana (BoG) has directed all Forex Bureaus in the country to demand Identification Cards (IDs) before engaging in forex transaction. ...
37 Savings and Loans Companies are licensed – BoG

37 Savings and Loans Companies are licensed – BoG

The Bank of Ghana has put the number of licensed Savings and Loans Companies in the country at 37. This was contained in an official list of Licens ...
BoG approves merger of Sahel Sahara and Omni banks

BoG approves merger of Sahel Sahara and Omni banks

The Bank of Ghana has approved the proposal by Sahel Sahara and Omni Bank to consolidate their operations into one entity to help meet the new minimum ...
BoG sets up special office to probe personnel of 7 collapsed Banks

BoG sets up special office to probe personnel of 7 collapsed Banks

The Bank of Ghana (BoG) has set up a special office to identify officials whose actions contributed to the collapse of seven indigenous banks. The ...
Managers Of Collapsed Banks Could Be Dragged To Court – BoG

Managers Of Collapsed Banks Could Be Dragged To Court – BoG

The Bank of Ghana will not allow persons whose actions led to the collapse of the five indigenous banks to go scot-free. According to the head of ban ...
Local banks reduce staff to meet GH¢400m minimum capital

Local banks reduce staff to meet GH¢400m minimum capital

With the clock ticking towards the deadline for universal banks in the country to increase their minimum capital to GHc400 million by the close of the ...
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