Tag Archives: Governor

Ailing Microfinance firms owe 700,000 depositors GHȼ740m – BoG

Bank of Ghana

The Bank of Ghana (BoG) has revealed that 37 percent of licensed Micro Finance Institutions that entered 2018 are distressed or have collapsed. This has contributed to the GHȼ740.5 million which is owed to an estimated 705,396 depositors in distressed or folded up Micro Finance Institutions (MFIs)  and Rural and Community Banks (RCBs). The BoG governor in a statement warned that ...

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Dr. Ernest Addison is new BoG Governor

President Nana Addo Dankwa Akufo-Addo has appointed Dr. Ernest Kwamina Yedu Addison, as Governor of the Bank of Ghana. His appointment is however subject to consultation with the Council of State. A statement signed by the Director of Communications at the Presidency, Eugene Arhin, said Dr. Addison’s appointment follows the resignation of Dr. Abdul Nashiru Issahaku effective Saturday, 1st April, ...

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