Tag: Bank of Ghana

Court of Appeal restores the licence of GN Savings and Loans after ruling that the revocation was unfair and unreasonable, ordering the receiver to hand over company assets and operations to shareholders. In a landmark ruling that could reshape Ghana’s financial sector clean-up debate, the Court of Appeal has unanimously overturned an earlier High Court […]

The Bank of Ghana (BoG) has stated that it can no longer solely bear the costs of the Gold for Reserves programme and is actively seeking reimbursement from the Finance Ministry for losses incurred. The Central Bank has highlighted that it has carried the financial burden for both the Gold for Oil and Gold for […]