Daily Archives - December 9, 2020

SIC to pay GCB Bank claims after Saturday’s fire

SIC, the insurers of the GCB Bank Liberty House Branch at Katamanto in Accra have commenced processes to assess damage and pay claims as may be necessary to the company following a fire outbreak at the facility on Saturday. Speaking to Citi Business News, Head of Corporate and Special Risk at SIC, Emmauel Simpiney-Mensah said his outfit is in talks with...

BoG developing licensing policy for digital banks

The Bank of Ghana (BoG) is developing a licensing policy for digital banks, Governor Dr Ernest Addison has said. He explained that the licensing policy had become necessary to regulate the activities of entities that operate digital banks. Dr Addison, who disclosed this in response to a question on what the BoG was doing to promote digital payment system in the...