Business
BoG warns repeat dud cheque issuers face three-year ban
BoG said the sanctions are intended to curb the increasing issuance of dud cheques and restore confidence in cheques as a payment instrument.
DL News
Results for "payment service banks"
2736 results.
Tech
Flutterwave’s accounts in Kenya have been frozen over fresh money laundering allegations
A recurring theme in the allegations laid against Flutterwave is the company’s involvement in card fraud and money laundering.
Tech Cabal
Crime
SIM swap fraud: EOCO, Association of Bankers arrest four in GH¢ 200,000 operation
The suspects managed to withdraw an amount of GH¢ 200,000 in their modus operandi before their cover was blown and subsequent arrests.
DL News
Business
Bank of Ghana moves to tighten cyber rules as digital payments surge
Officials say a revised Cyber and Information Security Directive is expected early next year, with tougher governance requirements, clearer accountability structures and enhanced sector-wide monitoring.
DL News
General
Thaddeus Sory responds to Nana Ato Dadzie on concerns raised on judicial service letter to media houses
I have read a write up credited to my learned senior Nana At Dadzie on social media. This write up discusses the statement issued by Sory @ Law on behalf of the Judicial Service. I appreciate it. I also enjoyed reading it.
DL News
Tech
Experts share opinions on Digital currencies, regulated Banking, future of money
The panel comprised of Mr.Adolph Kpegah, Chief Risk Officer, Absa Bank, Mr.Kwame A. Oppong, Head of FINTECH and Innovations at the Bank of Ghana, and Mr.Desmond Israel, Legal practitioner, founder, and lead consultant at Information Securit...
DL News
Business
BoG warns financial institutions: FX violations will lead to license termination
In a statement released on July 29, 2025, the central bank said it had observed continued non-compliance by some banks, Dedicated Electronic Money Issuers (DEMIs), Enhanced Payment Service Providers (EPSPs), and Money Transfer Operators (MT...
DL News
Tech
MTN gets authorization to provide banking services in Nigeria
The bank will be known as MoMo Payment Service Bank Limited.
DL News
General
Audit Report: DACF Administrator paid Zoomlion GHC3.8m for no work done
Auditor General recommended to the Administrator to recover the total payment of GH¢95,000,000.00 from Sewerage Systems Ghana Limited.
DL News
Opinion
The Ineffectiveness of Criminal Prosecution in Tax Recovery in Ghana: Insights from the Case of The Republic v. Warren Oil Company Limited
This article examines the limitations of criminal prosecution in recovering unpaid taxes in Ghana, using the case of The Republic v. Warren Oil Company Limited as a focal point. It argues that the punitive measures in the Revenue Administra...
Rebecca Eduafo-Abraham, Esq.
Business
Bank of Ghana Report reveals rise in Bank staff fraud activities
According to the 2023 Banks, SDIs, and PSPs Fraud Report, this is a worrying trend thus warranting a call by the Bank of Ghana for banks to strengthen their internal control mechanisms.
DL News
Business
Execution of shares in Ghana: A Practitioner’s Guide
. The constitution must also specifically prohibit the separation of the legal and equitable interests in shares and by so doing out rightly prohibit the acquisition of any interest once there is a total disregard and non-compliance with th...
DL News
Business
BoG directs payments platform Dash App to halt operations
Founded by Prince Boakye Boampong, the fintech has been operating in Ghana since 2019. It currently also has operations in Nigeria and Kenya.
DL News
Business
More staff of Banks, SDIs were implicated in fraud in 2024-BoG Report
The report, compiled by the Bank of Ghana and covering Banks, Specialised Deposit-Taking Institutions (SDIs), and Payment Service Providers, also revealed that 155 staff members were dismissed in 2024 for various offenses, with 54% of those...
DL News
Business
BoG moves to regulate AI use in Ghana’s financial sector
Speaking at the 43rd Annual General Meeting of the Ghana Association of Banks in Accra, Dr Asiama said artificial intelligence could significantly improve areas such as credit assessment, fraud detection, customer service, risk management a...
DL News
Business
Crime in books than in Practice: Black Market Foreign Exchange Businesses in Focus
The operators, who are mostly African foreign Nationals, like Nigerians, Nigeriens, Malians, and the likes however give better rates than the official Forex bureaus in the exchange of currencies.
Dennislaw Research Desk
General
GhC1,394,384.98 paid out of Probate, Letters of Administration Deposit account without supporting document
These are contained in the 2021 Annual Auditor General’s Report for Ministries, Departments, and other Agencies.
DL News
Business
BoG urges banks to adhere to domestic regulatory requirements
Addressing Chief Executives of Banks at a stakeholder engagement in Accra, Dr. Asiama noted that maintaining Ghana’s recent economic gains demands collaborative discipline between the central bank and financial institutions.
DL News
Business
BoG suspends forex licences of Fidelity Bank, FNB Ghana
The two banks have been additionally fined 1000 penalty points each
DL News
Business
Banks must promote whistleblowing within industry – Fidelity MD
“One key control that must be encouraged and given more focus is whistleblowing. This must be implemented at the national level and not only within banking institutions”
DL News