Vista Bank Group (‘Vista’) has closed the deal to acquire BNP Paribas’ majority interest in La Banque Internationale pour le Commerce et l’Industrie de la Guinée (BICIGUI) in Guinea. The acquisition adds to Vista’s existing banking operations in Guinea, in addition to its banks in Burkina Faso, Sierra Leone and The...
The African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and ‘Positive’ outlooks from Moody’s, Fitch Ratings and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring the continued success of key strategic...
Proparco, AFD Group’s private sector financing arm, and Ecobank Ghana, an affiliate of the Pan-African Banking Group, Ecobank Transnational Incorporated (ETI), have signed a partnership agreement aimed at increasing access to finance for MSMEs in Ghana. The partnership, which focuses on the Choose Africa and ARIZ Initiatives was executed by...
The Bank of Ghana (BoG) has said it would not renew licenses of susu collectors who are non-compliant with set regulations governing susu operations in the country. The Central Bank noted that the practice of susu collectors, taking money from individuals and keeping them in personal accounts or lending such...
FBNBank Ghana has announced the introduction of an internationally accepted and multiple-use Visa Prepaid Card as the latest of its offerings to customers and clients of the Bank aimed at delivering convenience, security and privacy. The Card which was launched as one of the highlights of the Bank’s 25th anniversary...
At a time when confidence in the nation’s financial sector is at its lowest ebb - as a fallout of the clean-up exercise undertaken by regulators of the space - the transparency and access to information offered by companies listed on the Ghana Stock Exchange (GSE) offers a template...
Deputy Managing Director of the Ghana Stock Exchange, Abena Amoah, has revealed that the Ghana Fixed Income market (GFIM) has developed its first set of bond indices - ready to be launched by end of this year. Financial indices are designed to provide investors with a way to reduce the...
While people and businesses continue to scale the use of digital services in the new normal, cybercriminals also introduce new opportunistic scams. Mark Achiampong, Head Commercial Banking at First National Bank explained that remote access scams is a new fraud modus operandi, which entails scammers posing as IT department representatives...
The First Lady Mrs Rebecca Akufo-Addo has inaugurated the state-of-the-art lounge facility put up by the First Atlantic Bank (FAB) at the premises of the Korle Bu Teaching Hospital in Accra. The facility christened-‘The Atlantic Lounge’ is intended to provide a modern, comfortable waiting space for families and friends of...
GCB Bank, the country’s largest indigenous bank, has presented GH¢14.1 million to government as dividend for profit generated in the 2020 financial year. Speaking during the presentation, Managing Director of the bank, John Kofi Adomakoh, thanked the staff of GCB Bank for their hard work that made it possible for...