Results for "Specialised Deposit-Taking Institutions"
1515 results.
Supreme Court News
Nduom can challenge GN Bank License revocation at High Court- Supreme Court
Richard Osei Boateng
Courts
High Court’s full ruling on NAM 1's submission of No Case
The court, presided over by Dr. Ernest Owusu-Dapaa JA held that it was convinced that a prima facie case had been made against the accused persons.
DL News
Business
BoG cautions against 97 unlicensed loan providers
The activities of the entities are in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930); BoG said in a statement dated June 14, 2023.
DL News
General
Restructuring vs. Liquidation: Choosing the Right Path in Insolvency
This article delves into the details of restructuring and liquidation, exploring the factors that guide the selection and offering valuable insights to guide stakeholders toward the most viable and beneficial outcome in insolvency proceedin...
Eric Ofori Kwaah
Courts
The BoG is under no obligation to seek parliamentary approval for its directives-Supreme Court affirms
The Bank of Ghana issued a directive described as the Banking Business Corporate Governance Directive in March 2018 under the Banks and Specialised Deposit-Taking Institutions Act.
DL News
Business
Bank of Ghana closes Dek-Nock Investments for taking deposits without licence
This action is in accordance with Section 20(2)(g) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).
DL News
Courts
Revocation of GN Bank’s licence: Court of Appeal refers matter to Arbitration
On December 19, 2019, Dr. Nduom and others filed a suit at the High Court, seeking among other things that the court makes an order, quashing the August 16, 2019 decision of the BoG which declared GN Bank insolvent and consequently revoked...
DL News
Others
Beyond Compliance: Why Trust Is the True Measure of Good Governance
Good governance is not measured by the number of policies an institution adopts, but by the confidence it inspires in those it serves.
Eric Ofori Kwaah, Esq., MCIM, ACIArb, MIoD
General
Know the current LLb-awarding institutions in Ghana: Their history and locations
From the University of Ghana, which pioneered university-based legal education in the country, to relatively new law faculties established in different parts of Ghana, prospective law students now have a wider range of institutions to consi...
DL News
Business
Financial Sector clean-up: Persons implicated unfit to hold key positions-BoG
A statement signed by the Bank’s Secretary, Sandra Thompson noted also that this directive is to ensure ‘the continuous fitness and propriety of significant shareholders and persons, serving as directors and key management personnel,” of th...
DL News
General
Data Commission advocates specialised courts
The Data Protection Commission (DPC) has made a strong case for a fast track court to facilitate speedy prosecution of persons and institutions that misappropriate the personal and private information of others.
DL News
Business
Financial sector clean-up: 13 Specialised Deposit-Taking Institutions to be prosecuted as EOCO makes ready dockets
A report released by the Bank of Ghana (BoG), on Wednesday, August 17, 2022, stated that the dockets have equally been forwarded to the Attorney-General for advice.
DL News
Business
Ghana card to be sole ID for all financial transactions-BoG
In a notice signed by the Secretary to the Central Bank, Ms. Sandra Thompson, entreated all financial institutions to take steps to update customer records with the Ghana Card in line with Section 30 of the Anti-Money Laundering Act, 2020 (...
DLN
Business
BoG to take action against 19 unlicensed loan providers
"The activities of these unauthorised entities amount to non-adherence of the consumer protection requirements and an abuse of customer data and privacy laws."
DL News
Business
Special Prosecutor begins investigations into financial sector crisis
In a statement, the OSP says the investigations ‘target alleged corruption and corruption-related offences perpetrated by officials of the Bank of Ghana, banks, specialised deposit-taking institutions and financial holding companies.”
DL News
Business
Unfair charges, fees should be abolished-BoG to banks, SDIs
According to the Bank of Ghana, these practices are unfair and impact negatively on the financial inclusion agenda of the country.
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