Let’s cut bank numbers to 9 – HFC Boss

Outgoing Managing Director of HFC Bank, Robert Le Hunte, ha said the number of commercial banks in Ghana vis-à-vis its 26 million population, is unhealthy for the financial sector, suggesting that the number be cut to a maximum of 9 banks.“There ... — Read More

Energy bond will trigger drop in lending rates – bankers

Banks have given strong assurances that should the government’s US$2.5billion 15-year energy bond come off successfully, lending rates, which have persistently remained high despite a fall in several economic indicators, will fall sooner than expected.Edward Botchway, Chief Financial Officer of Ecobank, ... — Read More

Kintampo Rural Bank posts healthy growth…..with 27.96% profit increase

Kintampo Rural Bank Limited at Kintampo in the Brong Ahafo Region has posted strong growth and balanced performance in the face of financial indicators in the 2016 year under review.Highlights of the bank’s performance include a profit before tax of GH¢1.75million ... — Read More

BoG must adopt fragmented banking system—Dr. Atuahene

…as recapitalization may hurt local banksA financial analyst and CEO of Universal Capital Management, Dr. Richmond Akwasi Atuahene, has added his voice to the ongoing debate of the proposed recapitalisation of commercial banks, saying the Bank of Ghana (BoG) must rather ... — Read More

GCNet LOC to the rescue …saves more than US$3bn

Ghana has saved more than US$3bn in exports value following the introduction of the Letter of Commitment module (LOC) by the Ghana Community Network Services Limited (GCNet) for the Bank of Ghana to track the repatriation of export proceeds into the ... — Read More

CAL Bank rebrands

CAL Bank, one of the largest local banks in the country, is set to unveil a brand new identity to offer better and technologically driven banking services to its growing clients.Expected to be unveiled tonight, at the Movenpick Ambassador Hotel, Accra, ... — Read More

UMB Bank launches UMB Foundation

UMB Bank in collaboration with UMB Capital have launched the UMB Foundation to streamline the corporate social responsibility initiatives of the Universal Merchant Bank (UMB).The UMB Foundation focuses on supporting initiatives in education, health and projects that celebrate and promote Ghanaian ... — Read More

SEC throws weight behind 3rd Banking and Insurance Fair

The Securities and Exchange Commission (SEC) has thrown its weight behind the upcoming Banking and Insurance Fair indicating that it will significantly enhance awareness for the investing public.Policy and Research Manager at the SEC, Frank Donkor, told the B&FT in an ... — Read More

UMB Bank launches UMB Foundation

UMB Bank in collaboration with UMB Capital have launched the UMB Foundation to streamline the corporate social responsibility initiatives of the Universal Merchant Bank (UMB).The UMB Foundation focuses on supporting initiatives in education, health and projects that celebrate and promote Ghanaian ... — Read More

First deputy governor of Bank of Ghana retires

The First Deputy Governor of the Bank of Ghana, Mr. Millison Narh, has retired.In an official statement issued by the central bank, Mr. Narh formally informed the President when he paid a courtesy call on him at the flagstaff house.The President ... — Read More

ASA Savings and Loans offers free medical screening

ASA savings and Loans Limited has organized free medical screening and treatment for its clients in the Inchaban community in the Shama District of the Western Region particularly in diabetes, hypertension, and malariaThe exercise according to the Regional Manager of ASA ... — Read More

UMB Bank launches UMB Foundation

UMB Bank in collaboration with UMB Capital have launched the UMB Foundation to streamline the corporate social responsibility initiatives of the Universal Merchant Bank (UMB).The UMB Foundation focuses on supporting initiatives in education, health and projects that celebrate and promote Ghanaian ... — Read More

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