Microfinance

As part of its financial literacy drive, the Bank of Ghana is urging the general public to be mindful of whom they guarantee loans for. The Central Bank maintains that the guarantor will be compelled to repay the loan with accrued interest if the borrower defaults in honoring the loans …

Customers of defunct Microfinance companies, Savings and Loans companies, and Finance Houses have started receiving their locked-up funds. This follows the release of GHS3.56 billion in cash to fully settle depositor claims of depositors of the defunct firms. The payments began on Wednesday, September 16, 2020, as announced by the …

Shareholders of Akyempim Rural Bank Limited have mandated the Board and Management of the Bank to continue partnership negotiations with Amenfiman Rural Bank for a turnaround of the Bank’s fortunes. The shareholders gave their mandate at an extraordinary meeting of the bank at its main office at Gomoa Dawurampong. This …

The Council of the Ghana Stock Exchange (the Exchange) has appointed Ms. Abena Amoah as its Deputy Managing Director. She will be responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings and New Products, the Ghana Fixed Income Market and the IT systems of the Exchange, …