Tag: Banking Regulation
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Bank of Ghana Raises SDI Annual License Fee to GH¢50,000
The Bank of Ghana (BoG) has increased the annual licensing fee for Specialised Deposit Taking Institutions (SDIs) to GH¢50,000, effective January 1, 2026. The...
Bank of Ghana Warns Lenders to Strengthen Risk Management
Ghana's central bank has cautioned financial institutions to strengthen their risk management frameworks to prevent another sector crisis similar to the cleanup that reshaped...
ACCA Pushes for Stronger Reporting Standards in Non-Interest Banking
The Association of Chartered Certified Accountants (ACCA) is advocating for enhanced reporting and assurance standards as Ghana prepares to launch non-interest banking in 2026....
Bank of Ghana Plans Phased Rollout of Non-Interest Banking
The Bank of Ghana (BoG) is developing a carefully controlled framework to introduce non-interest banking into Ghana's financial system by the end of 2025,...
Germany Fines JPMorgan Record US$52 Million for Money Laundering Lapses
Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), has imposed a record 45 million euro ($51.8 million) fine on United States banking giant...
