• Latest
  • Trending
Government restores confidence in banking sector as assets shot up to GH₵112.8billion – Ken Ofori-Atta

Government restores confidence in banking sector as assets shot up to GH₵112.8billion – Ken Ofori-Atta

July 30, 2019
I’ll run a clean, respectful campaign – Adutwum pledges as he files nomination

I’ll run a clean, respectful campaign – Adutwum pledges as he files nomination

August 28, 2025
Immigrant deportation nears 200,000 in US under Trump administration - Officials say

Immigrant deportation nears 200,000 in US under Trump administration – Officials say

August 28, 2025
Ghana’s unemployment rate drops to 13.6% - GSS

Ghana’s unemployment rate drops to 13.6% – GSS

August 28, 2025
‘Win With Bawumia – Aka 9Pɛ’ is a slogan of victory – Supporters of Dr. Bawumia

‘Win with Bawumia – Aka 9Pɛ’ is a slogan of victory – Supporters of Dr. Bawumia

August 28, 2025
Greater Accra Minister warns MMDCEs: PAs must not take over official duties

Greater Accra Minister warns MMDCEs: PAs must not take over official duties

August 28, 2025
Kokrobite Faces Sanitation Crisis as Residents Warn of Cholera Threat

Kokrobite faces sanitation crisis as residents warn of cholera threat

August 28, 2025
Fed Governor Cook sues Trump over dismissal attempt

Fed Governor Cook sues Trump over dismissal attempt

August 28, 2025
E3 moves to reimpose UN sanctions on Iran over nuclear breach

E3 moves to reimpose UN sanctions on Iran over nuclear breach

August 28, 2025
Focus on Holding Government Accountable, Not Attacking Me – Bawumia to Competitors

Focus on holding government accountable, not attacking me – Bawumia to competitors

August 28, 2025
WAEC Denies Claims of Soldiers Being Deployed to Exam Centres

WAEC denies claims of soldiers being deployed to exam centres

August 28, 2025
Dr. Bawumia Vows to Restore Jobs of Workers Dismissed by Mahama Administration if Elected President

Dr. Bawumia vows to restore jobs of workers dismissed by Mahama administration if elected President

August 28, 2025
Greater Accra Minister Slams MMDCEs for Complacency and Inefficiency

Greater Accra Minister slams MMDCEs for complacency and inefficiency

August 28, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

Government restores confidence in banking sector as assets shot up to GH₵112.8billion – Ken Ofori-Atta

in Sports
Government restores confidence in banking sector as assets shot up to GH₵112.8billion – Ken Ofori-Atta
Share on FacebookShare on TwitterShare on Whatsapp

The total banks’ assets have inched up to GH₵112.8billion through the clean-up and reforms introduced to bring confidence to the banking sector, Finance Minister, Ken Ofori-Atta has said.

Presenting the 2019 Mid-Year Review Budget to Parliament on Monday, he stated “We have restored confidence into the banking system, securing the otherwise distressed deposits of some 2,655,100 customers as well as saving over 3,000 jobs.

Today, total banks’ assets have shot up to GH₵112.8billion. Growth of credit to the private sector is rebounding assuredly by 16.8percent in June 2019” he said.

He also added that the country is seeing the revival of the zealous, responsive and at the same time, responsible banking environment.

The government in its effort to revive the banking sector last year which was hard hit with liquidity challenges as a result of under-capitalization managed to set up the Consolidated Bank Ghana Limited and capitalized it with GH₵450m.

Just this month, according to the Finance Minister, CBG has released funds, totaling GH₵530m to Cocobod for cocoa depositors’ funds in the failed banks. The Ghana Amalgamated Trust has provided funds, to capitalize solvent indigenous banks that were struggling to meet the enhanced minimum paid-up capital of GH₵400m.

Tags: banking sectorKen Ofori-Atta

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

WASSCE 2019: 65.31% passed maths as WAEC withholds results of 48,000 candidates

Next Post

Ken Ofori-Atta says the “future is positive” as Ghana discovers oil again

Next Post
Ken Ofori-Atta says the “future is positive” as Ghana discovers oil again

Ken Ofori-Atta says the “future is positive” as Ghana discovers oil again

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • I’ll run a clean, respectful campaign – Adutwum pledges as he files nomination
  • Immigrant deportation nears 200,000 in US under Trump administration – Officials say
  • Ghana’s unemployment rate drops to 13.6% – GSS
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.