STANLIB Ghana Limited recorded strong business performances in 2019 for the STANLIB Income Trust Fund (SIFT) and the STANLIB Cash Trust (SCT), the two funds that the company manages. This was revealed at the company’s 2019 virtual Annual General Meeting (AGM) held recently. In her report to unit holders of...
Depositors whose funds were locked up in the collapsed Savings and Loans Companies and Microfinance companies will now receive their cash from today (16th September, 2020) instead of an earlier promise by government to hold the monies in bonds. A statement released by the Receiver of the 347 defunct Microfinance...
Analyst says it shows the robustness of the sector Measures introduced by the regulator to help the banking industry remain strong in this pandemic season seem to be bearing fruit, as new data show banks’ dependence on the central bank for liquidity support has reduced significantly. The Statistical Bulletin Report...
President Nana Addo Dankwa Akufo-Addo has hailed the CEO of Ghana Exim Bank, Lawrence Agyinsamm and its leadership for their respective roles in building and supporting industries to progress in the country. The acknowledgement comes in the wake of credit support that GEXIM bank has extended to over 100 startups...
The Statistical Bulletin report (June 2020) has shown increased credit support to the manufacturing sector following a decline in March when the coronavirus pandemic first reared its ugly head. Credit to the sector in March fell to GH¢4.7billion from GH¢5.10billion the previous month. But following that decline, loans advanced to...
To support Small and Medium Enterprises (SMEs), Fidelity Bank in partnership with the International Finance Corporation (IFC) initiated a four-part webinar series to offer financial and business strategies for SMEs to navigate the economic downturn caused by the COVID-19 pandemic. The webinar series was organized under the Bank’s new...
Senior Economist at Databank Research, Courage Martey is hopeful the cedi will continue to see some stability against the dollar compared to other currencies across the continent due to the bi-weekly FX forward auction being undertaken by the Bank of Ghana (BoG). The bi-weekly FX forward auction, which was introduced...
Absa Bank is partnering with Ghana's youth-oriented radio station, Y107.9 FM to support Ghanaian-owned start-up businesses through the #AbsaStartUpJournalOnY radio programme. The #AbsaStartUpJournalOnY initiative forms part of the bank's ambitious proposition known as “Absa StartUp Banking”, to support the grooming and growth of Ghanaian-owned startups with solutions that will bring...
The Ghana Revenue Authority (GRA) will soon outline some incentives that would accompany the filing of tax returns online through the Integrated Tax Application Preparation System (ITAPS) in a move to encourage compliance. Acting Commissioner-General of the GRA, Ammishaddai Owusu-Amoah, told the B&FT in an interview that a channel migration...
African Export-Import Bank (Afreximbank) has disbursed US$200million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA). The funds will assist Zenith Bank to continue maintaining foreign currency trade flows impacted by the COVID-19 pandemic. They will also allow Zenith Bank to on-lend to eligible sub-borrowers involved in...
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