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    Ghanaian nationals extradited for alleged roles in stealing more than $100m through romance scams, other fraud

    Ghanaian nationals extradited for alleged roles in stealing more than $100m through romance scams, other fraud

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    Pope Leo XIV pays tribute to victims of Ghana helicopter crash

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    Search intensifies for three siblings missing in Accra

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    Government targets shea industry growth as Tamale prepares for World Shea Expo 2025

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    Crashed Z-9 helicopter black box found

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    Kumasi vigil for Daddy Lumba postponed indefinitely

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    Shatta Wale’s Lamborghini seized by EOCO in joint FBI operation

    Shatta Wale’s Lamborghini seized by EOCO in joint FBI operation

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    Thousands turn up for Daddy Lumba vigil

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    Pastor in court over alleged assassination prophecy about Shatta Wale

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    FIFA confirms dates for Ghana’s September World Cup Qualifiers

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    Thomas Partey granted bail on rape charges

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    Charles Akonnor appointed Head Coach of Kenyan Giants Gor Mahia

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    Son to leave Tottenham this summer after 10 years

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    Check your kitchen! Tasty Tom Tomato Mix recalled after FDA directive

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    First Mpox death recorded in Ghana; 23 new cases confirmed

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    Kenya drops visa requirements for all African countries

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    Lab-grown cheese is coming. But would you eat it?

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      This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

      This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

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      Songo, the African tribe where children are raised by their uncles

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      The story of the Ghanaian professor emeritus who did not attend secondary school

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      The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

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      Meet the African tribe that offers free sex to guests

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      Meet Kobena Sekyi, the educated elite who never wore European clothing

      This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

      This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

      Who is the real Yaa Asantewaa

      Who is the real Yaa Asantewaa

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      Ghanaian nationals extradited for alleged roles in stealing more than $100m through romance scams, other fraud

      Ghanaian nationals extradited for alleged roles in stealing more than $100m through romance scams, other fraud

      Pope Leo XIV pays tribute to victims of Ghana helicopter crash

      Pope Leo XIV pays tribute to victims of Ghana helicopter crash

      Search intensifies for three siblings missing in Accra

      Search intensifies for three siblings missing in Accra

      Government targets shea industry growth as Tamale prepares for World Shea Expo 2025

      Government targets shea industry growth as Tamale prepares for World Shea Expo 2025

      Crashed Z-9 helicopter black box found

      Crashed Z-9 helicopter black box found

      John Mahama sounds like he’s already accepted defeat – NPP

      Mahama appoints acting Defence and Environment ministers following deadly helicopter crash

      Trending Tags

      • Ghana Police
      • politics killing
      • Kumasi Metropolitan Assembly
      • Otumfuo @ 20
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      Kumasi vigil for Daddy Lumba postponed indefinitely

      Kumasi vigil for Daddy Lumba postponed indefinitely

      Shatta Wale’s Lamborghini seized by EOCO in joint FBI operation

      Man named by EOCO in Shatta Wale Lamborghini seizure serving 7 years in US jail over $4million fraud

      Shatta Wale’s Lamborghini seized by EOCO in joint FBI operation

      Shatta Wale’s Lamborghini seized by EOCO in joint FBI operation

      Thousands turn up for Daddy Lumba vigil

      Thousands turn up for Daddy Lumba vigil

      Highlife legend Daddy Lumba pass away at 60

      Bank Hospital denies breach of confidentiality in Daddy Lumba’s care

      Pastor in court over alleged assassination prophecy about Shatta Wale

      Pastor in court over alleged assassination prophecy about Shatta Wale

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      • Shatta Wale
      • Wendy Shay
      • Gaming
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      Live Streamed: Palermo vs Manchester City

      Live Streamed: Palermo vs Manchester City

      Live Streamed: Chelsea vs Bayer Leverkusen

      Live Streamed: Chelsea vs Bayer Leverkusen

      FIFA confirms dates for Ghana’s September World Cup Qualifiers

      FIFA confirms dates for Ghana’s September World Cup Qualifiers

      Ballon d’Or: Virgil van Dijk, Cristiano Ronaldo, Sadio Mane on shortlist for award

      2025 Ballon d’Or nominees list released

      Qatar 2022: ‘Black Stars will come back stronger’ – Thomas Partey

      Villarreal Supporters Group President wants Partey’s move to be ‘suspended’

      Thomas Partey granted bail on rape charges

      See the conditions of Thomas Partey’s bail after he appeared in court today

      Thomas Partey granted bail on rape charges

      Thomas Partey granted bail on rape charges

      Charles Akonnor appointed Head Coach of Kenyan Giants Gor Mahia

      Charles Akonnor appointed Head Coach of Kenyan Giants Gor Mahia

      Son to leave Tottenham this summer after 10 years

      Son to leave Tottenham this summer after 10 years

    • lifestyle
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      DR Congo starts Ebola vaccinations in east of country

      World-first gonorrhoea vaccine rollout begins in UK

      Ghana records two new Mpox cases, total now 119 – GHS

      20 new Mpox cases confirmed in Ghana bringing total to 302

      Check your kitchen! Tasty Tom Tomato Mix recalled after FDA directive

      Check your kitchen! Tasty Tom Tomato Mix recalled after FDA directive

      First Mpox death recorded in Ghana; 23 new cases confirmed

      First Mpox death recorded in Ghana; 23 new cases confirmed

      Kenya drops visa requirements for all African countries

      Kenya drops visa requirements for all African countries

      Lab-grown cheese is coming. But would you eat it?

      Lab-grown cheese is coming. But would you eat it?

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        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        This Ashanti Prince designed and built a signal station in Trinidad for the British in 1883

        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

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      13 banks meet recapitalisation requirements, local banks struggling to do so – IMF

      IMF says Ghana’s inflation rate too high
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      Most of the 13 banks that recorded post Domestic Debt Exchange (DDE) capital deficits have now met or exceeded their recapitalisation requirements at the end of 2024.

      This is on the back of strong profitability and Ghana Financial Stability Fund (GFSF) support—and are on course to restore Capital Adequacy Ratio (CAR) of 13.0% without reliefs by end-2025.

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      Ghanaian nationals extradited for alleged roles in stealing more than $100m through romance scams, other fraud

      Pope Leo XIV pays tribute to victims of Ghana helicopter crash

      FIFA confirms dates for Ghana’s September World Cup Qualifiers

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      According to the Country Report by the International Monetary Fund, despite shareholders and/or GFSF capital injections, a few banks (including one state-owned) are materially behind on their recapitalisation schedule.

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      This is due to slow progress against shareholder capital commitments, higher Non-Performing Loans, and/or delayed booking of credit impairments and required provisioning identified under Bank of Ghana’s 2023 asset quality assessments.

      “These banks are subject to intensified BoG monitoring and corrective measures to accelerate recapitalization plans to reach CAR of 13% (end-March 2025) by end-2025”, it alluded.

      It pointed out that a Parliamentary approval and implementation of the World Bank funded segment of the GFSF could help some banks achieve CAR targets by end-2025.

      This is provided that they secure capital injections sufficient to reach capital levels eligible for access.

      BoG Intensifies Monitoring of 5 Private and State-Owned Banks

      Meanwhile, the Bank of Ghana has intensified the monitoring of and remedial and/or corrective measures against five private and state-owned banks, which have not complied with the recapitalisation requirements as of end-December 2024.

      These banks have fallen behind on their recapitalization schedule due to a mix of unmet capital commitments, increased NPLs, and incomplete booking of credit impairments identified under the BoG’s 2023 asset quality assessments.

      In addition, they are implementing updated recapitalization plans accepted by BoG and addressing previous weaknesses and/or more recent performance slippages, towards meeting the end-2025 timeline for full compliance.

      source: My Joy Online

      Tags: International Monetary Fund (IMF)

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