A 38-year-old assistant accountant of the Akyem Akokoaso agency of the Akyemmansa Rural Bank, Emmanuel Koomson, has been arrested by the Oda police for allegedly circulating fake currency notes through the bank.

The Chairman and Secretary of the Bank of Ghana Senior Staff Association have been dismissed in the latest twist to the rumpus over the unionisation of workers of the bank.

The lead transaction manager is Databank Group. The legal advisors are Bentsi-Enchill Letsa and Ankoma, while NTHC is playing the role of registrar. Market watchers expect UT shares to be oversubscribed in view of the performance of the company.

The country's Central Bank says the persistent upward trend in inflation cannot affect its goal of tightening monetary policy. The latest consumer price index pushed year-on-year inflation from 15.29 percent in April to 16.88 percent in May.

The Ghana Cedi on Monday lost to three major currencies; the pound, dollar and the euro pushing up, the Gold Coast Securities (GCS)-Cedi Index by 0.14 points. It, however, appreciated slightly against the CFA.

Accra Brewery Limited, a subsidiary of the SABMiller, one of the world's largest brewer is to inject an additional 20 million dollars into the Ghanaian economy next year. Mr Mark Bowman,

Mr Eric Osei-Bonsu, Managing Director of the ARB Apex Bank has cautioned the management of community and rural banks to be alert and strengthen their internal control mechanisms, by strictly enforcing security checks to minimise risks and incidence of fraud.

e-zwich – Piloting Branchless Banking in Ghana
AT the National Theater in Accra on April 28, President John Kufuor launched the e-zwich payment plat-form for banks and other merchants who will need the platform for transaction settlements and cash withdrawals. Click to read more...

THE Central Bank of Ghana traces its roots to the Bank of the Gold Coast (BCG), where it was nurtured. As soon as local politicians and economists was political independence in sight in the mid 1950’s the agitation for a central bank was revived. It was argued that a central bank was one institution which would give true meaning to political independence.

PRIOR to independence, the issue of currency was the responsibility of the West African Currency Board (WACB). The West African pounds, shillings and pence, constituted currency issued by the Board and was in circulation in Ghana until July 1958.

THE “e-zwich experiment” in Ghana has been enthusiastically received with 16 banks, over 110 businesses and thousands of individuals in Accra signing up to its pilot stage of operation.

The Association of Rural Banks (ARB) and the ARB Apex Bank Limited are undertaking programmes to educate rural banks to develop new products and services to mobilize more deposits for productive investment. Mrs. Rose Newman,

THE National Treasurer of the Credit Unions Association (CUA) Ghana Limited, Mr. Stephen Dzorkpata, has stated that the introduction of the e-zwich into the banking system will bring unprecedented changes into the economy. more...

The Ghana Cedi on Monday continued its fall to dollar but recovers slightly against other major currencies pushing down the Gold Coast Securities (GCS)-Cedi Index by 0.15 points. The Index, the composite measure of the value of the Ghana cedi against the Dollar, Pound, CFA and the Euro, came down at 108.38 points from 108.53 points on Tuesday.

The Bank of Ghana (BoG) will by the end of this month introduce a system of codeline truncation to facilitate the quick clearing of cheques. It will also introduce an automated clearing house (ACH) for the clearing of electronic debits and credits by the same period.

World Bank Vice-President Obiageli Ezekwesili has said that Japan should seek a win-win relationship with Africa by promoting private investment that goes beyond the narrow pursuit of the continent's ample natural resources.

Standard Bank, parent company of Stanbic Bank Ghana, has won the prestigious 2008 AfriCom.Net annual award for Excellence in HIV and AIDS Communication in Africa.

The Ghana Cedi on Monday lost heavily to the pound and the euro but marginally to the dollar, pushing up, the Gold Coast Securities (GCS)-Cedi Index by 0.37 points. It however appreciated slightly against the CFA.

CAL Bank Limited has resolved to maintain Mr. Frank Adu Jnr. as Director following a majority vote rejecting a resolution to remove him. The bank also rejected a resolution to appoint Mr. Afare Apeadu Donkor, a "significant shareholder" as a director by a majority vote of the shareholders.

Shareholders of CAL Bank would have to wait a little longer to know the fate of Mr. Frank Adu Jnr., the Managing Director, whose removal as a Director of the Bank was one of the major resolutions at the Extra-Ordinary General Meeting held in Accra on Thursday.

The Ghana Stock Exchange (GSE) All-Share Index, the benchmark measure of the Accra bourse, had another impressive run on Thursday when it went up by 15.78 points from 9,900.96 points on Wednesday to 9,916.74.

The World Bank has approved three credits totalling $145 million to support Ghana's budget under the multi-donor budget support (MDBS) framework. The amount includes an extra funding of 20 million dollars, half of which is earmarked to support the mitigation measures

Barclays Bank of Ghana has organized an E-zwich training programme for about 105 "Susu" collectors in Accra to introduce them to the use and advantages of the biometric smart card introduced by the Central Bank recently.

The World Bank today approved three credits for Ghana totaling US$145 million, in fulfillment of its commitment to provide assistance annually through the budget, under the multi-donor budget support (MDBS) framework. The Credits include additional funding valued at more than US$20 million,

The Microfinance and Small Loans Scheme (MASLOC) on Tuesday launched its Brong-Ahafo Regional centre with the disbursement of GHC 1.8 million to 3,057 beneficiaries made up 134 groups in the region. Mr. Lawrence Prempeh, Chief Executive Officer of

The Eighth West African International Mining and Power Exhibition (WAMPOC 2008) is underway in Accra on the theme: "Development Through Mining And Power- A Shared Responsibility." The exhibition being organised in collaboration with

The economy here turned as hot as the local pepper soup earlier in the decade, with soaring global demand for the nation's riches -- gold, cocoa and bauxite -- sparking a rush to modernize Ghana's decaying roads, rails and power grid.

LukOil Overseas Holding Limited, one of the leading oil companies in Russia on Tuesday announced a 100 million-dollar fund to support the efforts of Ghana to improve on on-shore oil exploration. Mr. Andrey R. Kuzyaev, Vice President of the company, who led a business delegation to pay a courtesy call on Vice President Alhaji Aliu Mahama,

Bank of Ghana’s investigations into a 14.86 million Ghana cedi acquisition of CAL Bank shares is refocusing the spotlight on Mr. Afari Donkor, one of the major shareholders of the bank and the real intentions behind his desire to see current managing Director

The economy here turned as hot as the local pepper soup earlier in the decade, with soaring global demand for the nation's riches -- gold, cocoa and bauxite -- sparking a rush to modernize Ghana's decaying roads, rails and power grid. But when the government hatched a plan last year to rebuild the