The Bank of Ghana (BoG) has cut its policy rate by 150 basis points from 22.5 per cent to 21 per cent due to the downward trend in consumer inflation.
Before Monday’s cut, the central bank had cut the rate … Read the rest
GCB Bank Limited has begun overtures to takeover state-owned lender, the National Investment Bank (NIB), in what could create the biggest bank in the country in asset terms.
A successful consummation of the deal could potentially create an enlarged GCB … Read the rest
The Bank of Ghana is set to increase the minimum capital of banks from GH¢120 million to GH¢200 by July this year, following extensive engagements with stakeholders in the financial sector.
This is to inject more capital into the banks … Read the rest