Government overspent budget by GHC 4.2 bn last year — Auditor General

Government overspent budget by GHC 4.2 bn last year — Auditor General

Last year, the government overspent its budget by a little over GH¢4.2 billion, although its revenue fell by almost GH¢9.5 billion. The over expenditure and the shortfall in public revenue have been captured by the Auditor-General in its 2016 Report....
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NPP COLLAPSES OTABIL BANK   

NPP COLLAPSES OTABIL BANK   

…As he fails to raise church collection to save it The New Patriotic Party (NPP) government’s collapse of Capital Bank, a private bank that was licensed by, and flourished under, the regime of the late President JEA Mills, is a...
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No More GNPC Cash For Black Stars – Agyarko                                 

No More GNPC Cash For Black Stars – Agyarko                                 

…As Auditor General Report raises financial infractions Energy Minister, Boakye Agyarko, has said going forward in the coming years, the Ghana National Petroleum Corporation (GNPC) will depart from doling out money as a banker or financier for other governme...
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Mass withdrawals hit UT, Capital banks

Mass withdrawals hit UT, Capital banks

Some customers of UT and Capital Banks in Koforidua and other parts of the Eastern region have besieged the premises of the banks threatening to withdraw all their deposits due to the takeover by GCB Bank. This comes after the...
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To-Be LPG Policy Sparks Suspicions In Industry

To-Be LPG Policy Sparks Suspicions In Industry

The Liquefied Petroleum Gas Tankers of the Liquefied Petroleum Gas Marketing Companies (LPGMCs) has called on the Ministry of Energy to totally cancel the LPG draft policy and bring all stakeholders of the industry together to address all the concerns...
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WHO HACKED INTO EC DATABASE?

WHO HACKED INTO EC DATABASE?

– 2016 Elections …PNC, Chuck Wayo Demand Probe Into Possible Rigging The People’s National Convention (PNC), one of four political parties, which fielded candidates to the 2016 Presidential election, will soon act on intent to formally address the el...
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GCB rebrands UT bank branches

GCB rebrands UT bank branches

The airport branch of the UT Bank has been rebranded just a few hours after news broke about revocation of its license. The GCB logo is seated right above the front area of the bank though the building still has...
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BoG appoints GCB Bank to take over UT and Capital Bank

BoG appoints GCB Bank to take over UT and Capital Bank

The Bank of Ghana has approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd. The Bank of Ghana has revoked...
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Woyome’s GH¢51m not captured in ministry’s account

Woyome’s GH¢51m not captured in ministry’s account

The GH¢51 million judgement debt which was paid to the businessman, Mr Alfred Agbesi Woyome, is missing from the accounts of the Ministry of Finance (MoF) and the Controller and Accountant-General’s Department (CAGD), the 2016 Auditor-General’s Report has...
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UT, Capital Bank staff agitated over takeover by GCB

UT, Capital Bank staff agitated over takeover by GCB

Information available to Citi Business News indicates that staff of UT Bank and Capital Bank are agitated over the takeover of the banks by GCB Bank. The staff who are reporting to work on Monday morning have been refused entry...
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