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BoG received 983 complaints from customers of banks, others in 2022; 36% complaints unresolved

Out of the 983 complaints received in 2022, 626 complaints (64%) were resolved and 357 complaints (36%) remained unresolved. This is compared to 2021, where 857 complaints were received with 556 complaints (65%) resolved, representing a marginal dip in resolution. ....

Financial Service Providers Fsps , Multimedia Group , Rural Community Banks , Market Conduct Office , Payment Service Providers , Specialised Deposit Taking Institutions , Financial Service Providers , Internal Dispute Resolution , Community Banks , Unlicensed Institutions , Finance Houses , Microfinance Institutions ,

Financial institutions paid GHC2.1m compensation, refund in first half of 2021 — BoG

Financial institutions paid GHC2.1m compensation, refund in first half of 2021 — BoG
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Financial Stability Department , Telecommunication Networks , Rural Community Banks , Complaints Management Function , Automated Teller Machine , Mobile Telecommunication Networks ,

Afram Community Bank's profit dip - BusinessGhana


Afram Community Bank’s profit dip
24th Dec 2020    |    Source: GNA
The Afram Community Bank (ACB) Limited recorded a profit of GH¢330, 348.00 in 2019 as against GH¢664,606.00 in 2018, showing a decrease of 54.35 per cent.
The bank s income also reduced from GH¢2,577.207 in 2018 to GH¢2,451,315, representing a decrease of 4.88 per cent in the financial year under review.
This was attributed to unstable economic challenges during the period under review.
While the bank’s liability on customers’ deposits moved down from GH¢15,800,820 in 2018 to GH¢15,277,554 in 2019, representing 3.31 per cent decrease, its loans and advances also witnessed a decrease from GH¢14,875,797 in 2018 to GH¢14,258,366 in 2019, representing a decrease of 4.14 per cent. ....

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