SDIs Archives - Wontumi Online

27 Jun

79,364 Assets Registered As Collateral By Banks And SDIs In Q1 2023 – BoG

wontumionlineBusinessBanks, BoG, Collateral register, SDIs

A total of 79,364 assets were registered as collateral by Banks and Specialised Deposit Taking Institutions in the first quarter of 2023, up from the 76,142 assets registered in quarter one of 2022. According to the First Quarter Report of Collateral Registration published by the Bank of Ghana, movable assets constituted the largest proportion of the registered collateral for loans granted within the reporting period with a share of 64.2%. Immovable collateral constituted the lowest proportion of registered collateral for loans granted within the reporting period with a 2.2% share. Both Immovable and Movable (for example Company/Business Assets) collateral accounted…

BoG Received 983 Complaints From Customers Of Banks, Others In 2022; 36% Complaints Unresolved

wontumionlineBusinessBanks, BNoG, Complaints, NBFIs, SDIs

The Bank of Ghana received a total of 983 complaints from customers of banks, Specialised Deposit-Taking Institutions, Non-bank financial institutions and Payment Service Providers in 2022, a 15% increase over that of 2021. The rise was largely attributed to the increase in awareness of the general public and the confidence reposed in the Bank of Ghana to use its supervisory authority to adjudicate and resolve complaints. 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,…

BoG To Impose Sanctions On Banks That Breach Digital Financial Services Guidelines

wontumionlineBusinessBanks, BoG, Digital financial services, SDIs

The Bank of Ghana may impose on banks or Specialized Deposit-Taking Institutions, an administrative sanction of not more than 10,000 penalty units for breach of new guidelines on digital financial services. In the case of continuous breach, an additional penalty of not more 50 penalty units shall be imposed for each day the breach continues. This is in accordance with section 92 of Act 930. Again, in accordance with section 44 of the Non-Bank Financial Institutions Act, 2008 (Act 774), the Central Bank may impose on a non-bank financial institution, an administrative sanction of not more than 10,000 penalty units…