23 Savings and Loans Companies Lose their Licenses to Operate

The Bank of Ghana has, with effect from 16th August 2016, revoked the licenses of twenty-three(23) insolvent savings and loans companies and finance house companies. These actions were taken according to Section 123 (1)of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which requires the Bank of Ghana to revoke the license ofRead More

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Woolworths closed down store in Ghana

South African department chain Woolworths has pulled the plug on its Ghanaian business after closing its two stores there, in a second retreat from West Africa. “Following a comprehensive review of our operations in Ghana, we have closed our two stores in the country,” the Cape Town-based clothing and food retailer said on Wednesday inRead More

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