… The move was part of the broader financial sector clean-up initiated under former Finance Minister Ken Ofori-Atta in 2018, an exercise that swept away the licences of more than twenty savings and loans and finance house companies, on top of nine commercial banks earlier in the cy …
EXPLAINED: GN Savings and Loans license restored after a seven year legal battle: What happens next?Ghana Minute.
Friday, 22 May 2026
Ghana’s news, on the hour · Est. 2026
Friday, 22 May 2026
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Ghanaian press · Person
Ken Ofori-Atta
Also known as: Mr Ofori-Atta · Former Finance Minister Ken Ofori-Atta · KOA
Former Finance Minister facing trial over SML corruption charges; scheduled for US immigration hearing in June 2026.
In coverage
Verbatim sentences from the source article.
- May 2026
… assurances previously given at the beginning of the crisis, insisting that affected customers would intensify pressure on government if their concerns continue to be ignored. “The way the Finance Minister has spoken now, it was just as what Former Finance Minister Ken Ofori-Atta …
Aggrieved customers threaten fresh protests at Finance Ministry over unpaid locked up funds… His finance minister, Ken Ofori-Atta, became the most public guarantor of the promise. …
Ghana exits IMF, but broken promises stoke fears of an 18th bailoutOver the past year, Ghana’s attention has been on Ken Ofori-Atta, the former Finance Minister, who is facing corruption and corruption-related offences charges by the Office of the Special Prosecutor (OSP). …
The ‘forgotten Ghanaian fugitive with American and Ghanaian passports… Then came the famous declaration from Ken Ofori-Atta: “We are not going to IMF.” Ah. …
Ghana Exits IMF… Pressed on the broader extradition dimension and comparisons being drawn with the unresolved matter of former Finance Minister Ken Ofori-Atta, the Majority Chief Whip pointed to the principle of reciprocity in extradition law and invoked international precedents in which prominen …
US law enforcement agencies tight-lipped on offences behind Asante Akim North MP’s detention… It was against this backdrop that Ken Ofori-Atta assumed office as Finance Minister in 2017. …
Ghana’s Domestic Debt Exchange Programme: Restoring fiscal order and the man behind the mission… Damoah, who is also the Member of Parliament for Jaman South, is standing trial alongside former Finance Minister Ken Ofori-Atta and six others over 78 counts of alleged corruption and corruption-related offences. …
SML trial: High Court grants 6th accused Kwadwo Damoah leave to travel to London- April 2026
Former Finance Minister Ken Ofori-Atta is set to return to a United States immigration court on June 15, 2026, for a major hearing that could shape both his residency bid in America and Ghana’s efforts to secure his return to face criminal charges. …
Ken Ofori-Atta’s US Immigration case to be heard on June 15Proceedings in the criminal case involving former Finance Minister Ken Ofori-Atta and five others have been adjourned by the High Court following recent developments affecting the prosecutorial mandate of the Office of the Special Prosecutor (OSP). …
High Court Adjourns Ofori-Atta Trial Pending OSP Appeal
Business
Court overturns Bank of Ghana's seven-year revocation of GN Savings and Loans
The News
A three-member Court of Appeal panel has unanimously overturned the Bank of Ghana's 2019 revocation of GN Savings and Loans Company Limited's operating licence, ruling the central bank's decision was unfair and unreasonable. The court ordered the Receiver to return possession, management and control of the company to its shareholders, though restoring the licence and resuming regulated banking activity remain separate processes.
21 May 2026 · Joy Online →
Yesterday
Court overturns Bank of Ghana's seven-year revocation of GN Savings and Loans
A three-member Court of Appeal panel has unanimously overturned the Bank of Ghana's 2019 revocation of GN Savings and Loans Company Limited's operating licence, ruling the central bank's decision was unfair and unreasonable. The court ordered the Receiver to return possession, management and control of the company to its shareholders, though restoring the licence and resuming regulated banking activity remain separate processes.
21 May 2026 · Joy Online →
Wednesday 20 May
Collapsed bank customers threaten protests over government compensation funds
Customers of collapsed financial institutions have threatened intensified protests if the government does not allocate compensation for their locked-up funds in the July mid-year budget review. Finance Minister Cassiel Ato Forson said government lacks financial resources to settle the claims, prompting the Convener of the Aggrieved Customers of Gold Coast Fund Management to warn that affected customers will increase pressure through demonstrations and other lawful actions if their concerns continue to be ignored.
20 May 2026 · Joy Online →
Monday 18 May
Ghana exits IMF facility amid repeated bailout-ending pledges
Ghana has formally exited its 17th IMF Extended Credit Facility and transitioned to a Policy Coordination Instrument, with President Mahama declaring this will be the last bailout. This is the third time in twelve years a sitting president has made such a pledge; the previous two were broken within a single political cycle.
18 May 2026 · Joy Online →
Former finance minister's aide flees Ghana amid SML scandal charges
Ernest Darko Akore, Chef de Cabinet to former Finance Minister Ken Ofori-Atta, has left Ghana for the United States and is also implicated in the Strategic Mobilisation Limited corruption scandal. Unlike Ofori-Atta, Akore holds a U.S. passport in addition to his Ghanaian passport, which may complicate efforts to secure his return to face charges.
18 May 2026 · Joy Online →
Saturday 16 May
Ghana officially exits IMF bailout programme
Ghana has officially exited the IMF bailout programme. The article reflects on the previous administration's public confidence that Ghana would not seek IMF support, contrasting their earlier assurances with the subsequent economic difficulties that led to the bailout.
16 May 2026 · Joy Online →
Friday 15 May
US DOJ declines comment on Asante Akim North MP detention
The United States Department of Justice has declined to comment on the detention of Asante Akim North MP Kwame Ohene Frimpong at Schiphol Airport in Amsterdam, in response to JoyNews Research inquiries about potential charges, the prosecuting office, or extradition plans. Ghana's Majority Caucus is reportedly mounting legal and diplomatic efforts to prevent his extradition.
15 May 2026 · Joy Online →
Tuesday 12 May
Ghana's domestic debt exchange programme prevented economic collapse
Ghana's Domestic Debt Exchange Programme, launched in December 2022 as a response to severe economic crisis, focused on postponing debt servicing, reducing coupon payments, and extending maturities rather than outright principal haircuts for most bondholders. According to commentary, while politically unpopular, the programme may have prevented a deeper sovereign crisis.
12 May 2026 · Joy Online →
Thursday 7 May
High Court permits SML accused MP Damoah to travel to London
The High Court in Accra has granted permission to Col. (Rtd.) Kwadwo Damoah, the sixth accused in the SML case and Member of Parliament for Jaman South, to travel to London between May 11 and May 15, 2026, for a training programme. Damoah is standing trial alongside former Finance Minister Ken Ofori-Atta and six others over 78 counts of alleged corruption and corruption-related offences linked to the SML contract.
7 May 2026 · Joy Online →
Tuesday 28 April
Ken Ofori-Atta's US immigration hearing scheduled for June 15, 2026
Former Finance Minister Ken Ofori-Atta is scheduled to appear before a US immigration court on June 15, 2026, for a hearing that could determine his residency in America and Ghana's ability to secure his return to face criminal charges. Ofori-Atta was released on $65,000 bail in April after being arrested by ICE in January for overstaying his visitor's visa.
28 April 2026 · Joy Online →
Friday 24 April
High Court adjourns Ofori-Atta trial pending OSP appeal ruling
The High Court has adjourned proceedings in the criminal case involving former Finance Minister Ken Ofori-Atta and five others after the Office of the Special Prosecutor filed a notice of appeal and application for stay of execution in response to a ruling that stripped it of prosecutorial powers. The adjournment was granted pending the determination of the OSP's application, which challenges a ruling by Justice John Eugene Nyante Nyadu that declared the Office's prosecutions invalid.
24 April 2026 · The Chronicle →