The effect of the global financial crisis on the Ghanaian financial sector is limited, Governor of the Central Bank and Chairman of the Monetary Policy Committee of the Bank, Dr. Paul Acquah, assured yesterday.

THE Bank of Ghana says it is resolved to maintain sound fiscal and monetary policies to ensure that the economy remains competitive in the wake of uncertainties from the turmoil in the world’s financial markets.

Despite the world financial market turmoil, the country's economy remains robust and resilient to the effects of the fallout, Dr. Paul Acquah, Chairman of the Monetary Policy Committee (MPC), said on Tuesday.

THE Bank of Ghana (BoG) has maintained the prime rate, the benchmark for banks to fix their interest rates at 17.0 per cent.

The Akyempim Rural Bank in the Central Region, made a profit of GH¢95,196 before tax for 2007 but failed to declare dividend due to its inability to meet the new minimum capital for rural banks.

The Monetary Policy Committee (MPC) of the Bank of Ghana will on Tuesday decide whether to keep or review the prime rate- the rate at which it does its lending to universal,

The government has secured a 13.3 million-Euro loan facility to solve the perennial water supply of Kasoa and its environ. Mr Oppey Abbey, Member of Parliament for Awutu-Senya,

Ghana cedi was stronger on Wednesday against the British Pound and the Euro pulling down the Gold Coast Security (GCS)-Cedi Index by 1.34 points despite fall to the dollar and the CFA.

Central Regional Minister, Nana Ato Arthur, on Wednesday lauded the enactment of the Financial Administration, Procurement and the Audit Agency Acts, saying it has helped to improve the country's resources tremendously.

The Atiwa Rural Bank at Kwabeng, made a net operating profit after tax of GH¢84,984 last year as against GH¢66,616 in 2006. Mr Isaac Akomaning Asamoah, Chairman of the Board of Directors of the bank, who announced this at the 20th Annual General Meeting of the Bank at Kwabeng,

Mrs Rose Newman, Acting National President of the Association of Rural and Community Banks, has directed all such banks that have failed to hold their Annual General Meeting (AGM) within 18 months, to do so immediately.

The First Allied Savings and Loans Limited has opened a branch in Nkoranza in the Brong-Ahafo Region. The Nkoranza branch, the 11th in the country, will offer convenient access,

Ghana’s contours in development are the theme of a newly published book and television series, An Economic History of Ghana-Reflections on a Half-Century of Challenges and Progress.

The Bank of Ghana (BoG) has, with effect from next Monday, fixed $10,000 or its equivalent as the highest sum of money permitted to be carried by an individual arriving in the country.

Ghana Commercial Bank (GCB) on Tuesday made another stride in the financial sector with the launch of its MasterCard, the first of its kind in the country. MasterCard is an international electronic card that allows

THE Brong Ahafo Regional Police Command has arrested five persons, including the National President of the Ghana Susu Collectors Association, Mr. Emmanuel Elvis Aboagye-Manu,

All rural and community banks operating with a capital below GH¢150,000 would not be allowed to pay dividends to shareholders and also open new branches or agencies until they attained that capitalization.

GHANA’S gold holdings stood at 280,872 ounces (or 8, 77 tonnes) as of September 18, 2008 and its value at $245.68 million. The same quantity of gold on December 31, 2007 was valued at $224.741 million, due to price changes of gold in the world market.

THE Managing Director of the ARB APEX Bank, Mr. Eric Osei-Bonsu, has noted that for rural banks to continue to perform the crucial function of rural financial intermediation, they will need continuous support from stakeholders,

The first West African Banking Congress opened in Accra on Thursday with a call on banks to revamp their corporate strategies to enable them to take advantage of the opportunities across the

Topsy-Turvy exchange rate of Ghana's currency, the cedi, against those of our major trading partners has become a source of significant worry to the business community in the country.

Banks, and other financial institutions have been urged to be proactive by educating the public, especially those in the rural areas, on the services they offer to attract more customers to save with them.