Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has appointed Akin Dada as Group Executive, Corporate and Investment Bank. Mr Dada joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, and prior to his new appointment was Group Head, Corporate Banking for the Ecobank...
…places Ghanaian fintech strategically in Southern Africa Zeepay, the leading African Challenger Fintech with operations in over 10 African countries, has today acquired a 51 percent stake in Mangwee Mobile Money Zambia. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to...
The Initiators of Change Foundation (ICF) has presented a Lifetime in a Portrait Award to Director-General of the Social Security and National Insurance Trust (SSNIT) Dr. John Ofori-Tenkorang, as the Most Impressive Leader of the Decade. The presentation was made during a short ceremony at Pension House in Accra on...
Guaranty Trust Bank (Ghana) Limited and UnionPay International have signed a Memorandum of Understanding (MoU) to mark a partnership that will grow the footprint of UnionPay cards’ acceptance on the bank’s digital channels. The MoU was signed by the Chief Operating Officer of GTBank, Ayokunle Yusuf, and General...
At its recent meeting, the Monetary Policy Committee (MPC) of the Bank of Ghana decided to keep the policy rate at 14.50% for the sixth consecutive time. The decision normally is a reflection of the Central Bank’s assessment of inflationary pressures, liquidity and growth prospect of the economy. In taking...
-UMB CEO shares some lessons with youth The Chief Executive Officer of UMB Bank, Nana Dwemoh Benneh, has advised the youth to constantly reposition themselves in order to take full advantage of the new world. He said the world has changed several times in the last 20 years, and it...
appsNmobile Solutions, a fast-growing Ghanaian payment service aggregator, has received a Payment Service Provider Enhanced Licence from the Bank of Ghana. The award of licence follows passage of the Payment Systems and Services Act, 2019 (Act 987), which mandates all payment service providers to meet set minimum capital requirements, governance...
… total assets also rise 21% Ecobank has recorded profit after tax of GH¢543.8 million for the year ended December 31, 2020. This represents a 23% growth when compared to the GH¢441.9 million recorded in the corresponding accounting period of 2019. The bank also saw its profit before tax amounted to...
Addressing revenue shortfalls To address the perennial challenge of revenue shortfall, it will be necessary for government to replicate modern technologies such as the Electronic Metering Management System (EMMS) solution across all sectors of the economy to plug revenue leakages as has been done in the petroleum sector, Managing...
… on-site testing scheduled for May All is set for Ghana to be removed from the European Union’s (EUs) list of countries with high levels of deficiencies in their Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) regimes, Head, Financial Stability at the Bank of Ghana (BoG), Dr. Joseph France,...