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The Bank of Ghana (BoG) has confirmed that precious minerals trading company, MenzGold, is taking deposits from the general public although it has not been licensed by the central bank to do that. The bank came to that realisation after its team of investigators completed an...

GNA – Mr Simon Nero Davor, Volta Regional President of the Association of Rural Banks (ARB), has appealed to the Bank of Ghana (BoG) to be considerate in penalties it imposes on rural and community banks. He said if the penalties being imposed are not paid, it could lead to...

GNA – GCB Bank has assured Customers of UT and CAPITAL Bank of unfettered access to their funds through their known channels and staff of the assumed banks, working with GCB staff to ensure seamless transactions. GCB Bank Ltd., the largest indigenous bank in the country...

GNA – The Monetary Policy Committee has reduced the policy rate by 100 basis points to 22.5 per cent, citing lower risk to inflation and growth. “The committee judged that the downside risks to growth outweigh the upside risks to inflation in the outlook, and...