The Bank of Ghana (BoG) has directed all banks to develop and build credit profiles of their customers to help the banks price their loans appropriately. The measure is aimed at deepening transparency in the determination of the lending rates of banks to bring down interest charges on loans. It is also expected to provide borrowers with a more informed basis...
Mr George Nkrumah, Head Anti-Money Laundering Office, Financial Stability Department, Bank of Ghana (BoG), has said over the past three years, Ghana had lost about US$200 Million to cyber-crime. The cyber fraudsters keep targeting the activities in the banking sector, he said, adding that neither would the security agencies relent in monitoring and forestalling their activities. Mr Nkrumah said financial institutions...
A new survey conducted by the Oxford Business Group (OBG) has shown that almost 44 percent of CEOs are positive about a good outcome of the banking sector reforms undertaken by the Bank of Ghana in 2018. The survey also showed that 43 percent of the CEOs also expressed negative sentiments about the banking sector clean-up. Speaking to journalists after releasing...
