Bank Collapse: BoG Governor to be hauled before Parliament

Parliament’s Finance Committee says it will drag before the House, Governor of the Bank of Ghana, Ernest Addison over the collapse of some five banks. The recent collapse brings to seven the total number of banks that have gone under in just a year. Minority spokesperson on Finance, Cassiel Ato Forson says the Finance Minister will also be […]

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BoG creates Consolidated Bank to take over 5 struggling banks

The Bank of Ghana (BoG) has announced it is creating the Consolidated Bank Gh. Ltd to take over five struggling banks in the country. Sovereign Bank, Royal Bank, The Beige Bank, Construction Bank and Unibank are the five financial institutions that have run into liquidity challenges. Government has made 450m cedis available for the Consolidated Bank as starting […]

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