Tag: Financial Stability Department

The Bank of Ghana (BOG) has continued its financial literacy education as it enlightens the public on Dud Cheques in its latest slides. According to the Bank of Ghana, it ...

The Commissioner of Insurance, Mr. Justice Yaw Ofori, has been conferred with ‘Honorary Membership’ status, at the 25th awards ceremony of the Ghana Journalists Association (GJA), having served the National ...

The system of the banking sector proves to be generally resilient, having successfully passed the credit risk test, as evidenced in the recent financial stability review conducted by the Bank ...

The insurance industry retained 79 percent of the premium income received in the year 2019. This was captured in the Financial Stability Review Report released on September 30, 2020, by ...

The premium income received by the insurance sector increased from 18 percent in December 2018 to 22 percent in December 2019. This represents an increase of 4 percent in premium ...

The total number of complaints and disputes received from customers of financial institutions to credit bureau agencies increased from 2,781 In December 2018 to 4763 in December 2019. This represents ...

The practice of “Money Doubling”, “Card Loading” and “Credit Card Loading Systems” by individuals and institutions is illegal, according to a communique issued by the Bank of Ghana on October ...

Individual borrowers accounted for 96 percent of the total number of unique borrowers in credit bureau agencies by the end of December 2019.  This was revealed by the Bank of ...

The monthly submissions of data on individual loans by financial institutions to credit bureaus agencies in the country reduced from 2.72 million in 2018 to 1.94 million in 2019, according ...