PAC Is Not Witch Hunting - Speaker Of Parliament

The Second Deputy Speaker of Parliament, Joe Ghartey, has remarked that   the Public Accounts Committee (PAC) is not a witch- hunting committee but rather a state institution responsible to protect the national coffers.

GH¢120m required to establish a new bank

Universal banks wishing to enter the Ghanaian market will require GH¢120million as stated capital before a licence is issued to them to operate, Deputy Governor of the Bank of Ghana, Millison Narh, has said.

Ghana's economy under repairs - Deputy Governor

Second Deputy Governor of the Bank of Ghana has admitted that the country’s economy for the past six months has been in crisis.

Microfinance rules to be tightened

Following moves by Ghana's regulator to improve capital requirements across the financial industry, with hikes in recent years for universal banks and non-bank financial institutions, the microfinance sector is now slated for an increase, prompted in part by a spate of recent lender failures that led some savers to withdraw their holdings.