The Bank of Ghana (BoG) says about 705,396 depositors of distressed or collapsed microfinance institutions (MFIs) and rural and community banks (RCBs) are at risk of losing a total of GH¢740.5 million. The amount represent deposits currently locked up in the 272 RCBs and MFIs which were either in distress or had folded up, the…
The Mwalimu Nyerere African Union Scholarship Scheme was launched in 2007 with the aim of contributing to the production and retention of high caliber African human capital for sustainable development of the continent in critical development areas, while promoting regional integration through intra-Africa mobility of students. The Scholarship Scheme is intended to enable young Africans…
President Nana Addo Dankwa Akufo-Addo says Ghana is fully committed to the success of the Continental Free Trade Area (CFTA), after its formal launch in Kigali, Rwanda, at an Extraordinary Session of the Assembly of Heads of State and Government of the African Union, on Wednesday. With the CFAT described as “the largest free trade…
African states have been called upon to be more proactive in the quest for effective intra-African trade. Prof DeValera Botchway, an associate professor of history at the University of Cape Coast made the call when delivering the keynote address at the 3rd National Rastafari Conference in Ghana.According to Prof Botchway, intra African trade is not…
Scores of customers of uniBank became angry, frustrated and worried when their attempts to withdraw money from the bank’s automated teller machines (ATMs) Wednesday morning failed, after the Bank of Ghana (BoG) had handed over the management of the bank to KPMG, an accounting and auditing firm. The ATMs could not dispense money in the…
The father of one of the kidnapped Dapchi schoolgirls has told Focus on Africa that the kidnappers said they released the girls because they were Muslim. Adamu Gashwama added that the abductors told him that his daughter could be taken again if she returns to the school. He says without an improvement in the security…