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Fraud loss to banks, special-deposit institutions up by 144%

The total value of attempted fraud reported by Banks and Specialised Deposit–Taking Institutions (SDI) for the year 2021 has amounted to GH¢113 million, as compared to GH¢1billion reported in 2020. Out of this amount, a loss of GH¢61million was recorded, as compared to a loss of GH¢25 million in 2020, …

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Banks forgave customers GH¢2.086bn bad debt – BoG

A total of GHS2.086 billion was written off as bad debt by banks operating in Ghana. This was disclosed by the central bank’s Domestic Money Bank’s Income Statement. The total bad debt stock for 2021 was 4.7 percent less than that of 2020, which was GHS2.183 billion. It comprised loan …

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Banks to accept only Ghana Card as form of identification starting July 1 – BoG

 Ghana Card The Bank of Ghana (BoG) has directed that the Ghana Card shall be the only identification card that will be to undertake transactions at all Bank of Ghana licensed and regulated financial institutions. These include Banks; Specialised Deposit-Taking Institutions; Non-Deposit-Taking Financial Institutions; Payment Service Providers and Dedicated Electronic …

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Ghana, Ivory Coast, 32 others on World Bank’s HIPC list

There are currently about 34 African countries on the World Bank and IMF’s heavily indebted countries’ list, according to data obtained by Business Insider Africa. Among these heavily indebted poor countries are Ghana, Tanzania, Ethiopia, Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros Islands, Democratic Republic of Congo …

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Banks collapse: All customers paid – BoG Governor

The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that all customers of the nine (9) failed banks, and over ninety five percent (95%) of customers of Specialised Deposit-taking Institutions (SDIs), which were affected by the banking sector clean-up have received their deposits. According to Dr. Addison, …

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