Consolidated Bank Ghana Ltd (CBG) has denied reports circulating on social media claiming that the bank has been sold. In a press statement, CBG emphasised that there has been no change in ownership and that the government of Ghana remains the sole shareholder. The bank described the rumours of...

The year 2023 saw an increase in staff involvement in fraudulent activities recorded in Banks and Specialized Deposit-Taking Institutions (SDIs) across Ghana. The number, which stood at 188 in 2022, rose to 274 which represents a percentage increase of forty-six per cent (46%). This is according to the 2023...

Despite the stringent measures adopted by the Bank of Ghana (BoG) to help check the upsurge of fraud within the banking sector, the number of such cases continues to rise. Data collated from the three sub-sectors -banks, Special Deposit-Taking Institutions (SDIs) and Payment system platforms (PSPs)- indicated that overall,...

The National Petroleum Authority (NPA) has announced the ex-refinery and ex-pump price floors for the period of September 16 to 30, 2024. The price floors, which are the minimum prices at which petroleum products can be sold, are as follows: – Petrol: GHS 9.04 per liter (ex-refinery) and GHS...

Owning a car in Ghana today is gradually becoming a necessity instead of a luxury. Given Ghana’s current economic state, it is important to invest wisely and ensure that you get your money’s worth. This is why knowing which car brands are reliable is essential. Just like any machine,...

The Legislative Instrument (L.I.) seeking to regulate the prices of cement has been passed into law, despite opposition from cement manufacturers and sections of the public. The initial draft of the L.I. included a provision requiring manufacturers to obtain government approval before setting prices, but this provision has been removed. The...

The Bank of Ghana (BoG) has advised the public to carefully consider their choice of next of kin, stressing that they select someone who is not only of legal age but also capable of providing relevant information about the account holder when necessary. This follows what the Central Bank...

The public has been strongly advised to exercise caution when borrowing from online lending apps that have not been sanctioned by the Bank of Ghana (BoG) and the Data Protection Agency. Tweneboah Koduah, the Executive Secretary of the Ghana Association of Savings and Loans Companies, urged Ghanaians to be...

MTN continues to work with its industry stakeholders to ensure the management of a verified and robust SIM registration database. As part of the process, MTN Ghana is requesting its customers to verify and confirm the SIM numbers linked to their Ghana card.  After confirming the numbers, customers should...