06/21/2016
This is as Fitch Ratings has stated that the shift to a more flexible foreign exchange regime will not only support growth but could help the country to adjust to lower oil prices.
06/21/2016
But falling global commodity prices that have hit economies in countries such as Nigeria and Ghana have caused revenue to slow, profits to fall and triggered a shift in approach.
06/20/2016
The lawmakers argued that presiding officers in the legislature ought to enjoy immunity since the executive and judiciary were enjoying it.
06/20/2016
Point-of-sale transactions for amounts of $10 or less now attract a fee of 10 cents while those above that threshold will attract a fee of 45 cents.
06/17/2016
This was after the IMF directed the BoG to conduct the test after an assessment of the Ghanaian economy.
06/17/2016
Additional requirements may include capital adequacy ratios and historical volume of bids recorded in the CBN weekly forex market regime due to be phased out today.
06/15/2016
It’s simply, in part due to the introduction of the Treasury Single Account,TSA by the current regime.
06/15/2016
Experts and stakeholders believe a flexible exchange rate policy is the right way to go for the country.
06/14/2016
The regulators are asking questions regarding deposits and bank accounts Gupta family businesses hold at Baroda and are not implying the bank violated any rules in any way
06/13/2016
The central bank is still working out details of the system, the person said, and may also reinstate a minimum holding period for foreign investors buying naira bonds.
06/13/2016
In a move to crack down on debit order fraud.
06/12/2016
So when the time comes we would expect that all stakeholders make an input to improve the existing guidelines
06/12/2016
Tanzania and Uganda have already increased the minimum core capital for their banks by 200 per cent and 150 per cent respectively.
06/10/2016
This will enable the taxman to collect information in advance, from “identified persons” for purposes of repopulating the information in the iTax System.
06/09/2016
Last year, his proposals were thwarted by Parliament, but he is betting on Chase Bank, Imperial Bank and Dubai Bank failures to win the support of the House.
06/09/2016
Investors who met country’s finance minister this week remain unhappy with currency regime
06/08/2016
The report, which was led by advocate John Myburgh SC and investigates the circumstances that led to the curatorship of African Bank, finds that the bank’s risk appetite was “higher” than peer banks.
06/07/2016
The Myburgh Report strongly suggests interference by the South African Reserve Bank.
06/06/2016
In addition, the central bank will import at least US$10 million weekly and enforce the Bank Use Promotion and Suppression of Money Laundering Act.
06/06/2016
CBK says the days of internal fraud in the banking sector with directors getting away scot free must end.