Sunday, September 22, 2024
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Central Bank

Ghana in line to host ECOWAS central bank

Ghana is seeking to host the ECOWAS central bank which is expected to be set up in the coming months. The bank would be critical...

Nigeria: Loan defaulters to lose deposits in other banks

Nigeria's Central Bank has announced that loan defaulters will now lose their deposits in other banks. The move is in an attempt to reduce the...

Why Nigeria is ordering banks to lend or face sanctions

Nigerian banks are being ordered to by the country's central bank to lend more or face higher cash reserve requirements. This is part of new...

Ghana to prosecute executives of collapsed local banks

Ghana says it will prosecute executives of five local banks that collapsed early this month. The executives are accused of engaging in activities that...

Central Bank Governor of Liberia resigns

Liberia’s central bank governor on Tuesday resigned from office, according to the country's presidency. Milton Alvin Weeks was appointed by former President Ellen Johnson Sirleaf...

Zimbabwe’s bond notes to reach half a billion

Zimbabwe's central bank chief says the country will print an extra 300 million dollars’ worth of bond notes, despite an earlier promise not to exceed the 200 million figure

Egypt reserves at record high of over $36bn

Egypt's foreign reserves reached $36.036bn in July, a record high, which the prime minister described as "good news" as it shows that the economy...

Namibia’s central bank cuts 2017 growth outlook

Namibia's central bank lowered its 2017 growth forecast to 2.1 percent from its previous view of 2.9 percent, citing uncertainty around the pace of...

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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