Rev. Mrs Nana Kegya Appiah-Adu — Author A respected lawyer and minister, Rev. Mrs. Nana Kegya Appiah-Adu, has launched a comprehensive book on banking law, marking a milestone in Ghana’s legal landscape. The launch event attracted notable figures, including the Governor of the Bank of Ghana, Dr. Ernest Addison and the President-Elect of the […]
Lawyer launches book on Ghanaian Banking Law Read More »
The Ghana Association of Banks (GAB) has urged the Bank of Ghana (BoG) to publicly disclose the names of businesses and individuals penalised for issuing dud cheques. GAB Chief Executive John Awuah says the publication in national newspapers will restore trust in cheques as a reliable payment method. Speaking on Joy News’ PM Express Business
Banks demand public naming of dud cheque offenders to restore trust in payment system Read More »
The Bank of Ghana (BoG) has announced sanctions against 292 individuals and businesses for persistently issuing dud cheques. In a statement released today, the central bank said the offenders comprise – 47 unnamed individuals and 245 unnamed business entities – that issued dud cheques on at least three occasions between January 2022 and January 2024,
Bank of Ghana bans 292 individuals & businesses from issuing cheques for three years Read More »
On July 10, 2024, Justice Nana Brew of the High Court dismissed an application for judicial review filed by George Smith-Graham, a former director of UMB Bank, against the Bank of Ghana (BoG). The case stemmed from events beginning on July 22, 2022, when the BoG issued a directive under the Banks and Specialised Deposit-Taking
High Court upholds BoG’s authority to revoke bank director’s appointment Read More »
The Supreme Court, in a unanimous decision, has affirmed that the Bank of Ghana did not commit any error in revoking the licence of Unicredit Ghana. The ruling affirms the decision of the High Court which ruled in March 2021 that the central bank did nothing wrong and reverses the decision of the Court of
Mr David O. Sogbodjor, former Finance Manager of the defunct Beige Bank has told the High Court trying the former Chief Executive Officer (CEO) that the receiver during the collapse of the Bank did not engage the Institution’s financial team. He said although the finance team of the defunct bank, including the CFO worked briefly
Beige-Bank trial: Receiver did not engage financial department before collapsing bank Read More »
A Chartered Accountant who is testifying as the First Defence Witness for the founder of the defunct Beige Bank, Michael Nyinaku, has told the High Court in Accra that he has provided “all the information about the financial position of the bank” to the Receiver of Beige Bank. Dawda M. Hafisdeen, also a lawyer, told
Mr Dawda M. Hafisdeen, former Chief Financial Officer (CFO) of the defunct Beige Bank, says the Universal bank invested in rebranding but its receiver failed to capture it in his report. The rebranding was necessitated when the Bank of Ghana (BoG) upgraded it from a Savings and Loans to a bank status, the first defence
Beige-Bank trial: money was invested in bank’s rebranding, assets Read More »
Michael Nyinaku, former Chief Executive (CEO) of the defunct Beige Bank, accused of stealing, fraudulent breach of trust and money laundering, is billed to call 61 witnesses. His counsel, Mr Thaddeus Sory, made the announcement at the Economic and Financial Court Two Division of the High Court trying his client. He told the Court presided over
Beige-Bank trial: accused to call 61 witnesses Read More »
The Bank of Ghana has suspended the foreign exchange trading licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN). The one-month suspension by the Central Bank takes effect from March 18, 2024, and is in accordance with Section 11 (2) of the Foreign Exchange Act 2006, (Act 723). A statement from
BoG suspends forex licences of GT Bank, FBNBank Read More »
