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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...

Weak banks require urgent recapitalisation

The International Monetary Fund (IMF) has asked the Bank of Ghana (BoG) to ensure that banks with minimum capitals below the industry requirement prepare...

8 out of 24 banks offer interest on pesewa savings

The call for a development of savings culture among Ghanaians by the Bank of Ghana, and some international organizations has failed as most commercial...

Resolving the interest rate conundrum- The Kenyan example

The subject of high interest rates has generated intense debate recently. It is the general opinion that interest charged by the banks and other...

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