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By James OTCHERE Ghana has encountered significant financial difficulties in recent years, characterized by the government’s restructuring of its debt, elevated inflation rates, and a thorough cleansing of the banking sector. The implementation of Mark-to-Market valuation for mutual funds holding Government of Ghana Bonds has added complexity to the financial...
Following SSNIT’s decision to halt the sale of 60 percent of its shares in four hotels, a move leading to the suspension of a planned nationwide strike on Monday, July 15, 2024, Organised Labour has issued a one-month ultimatum for the Social Security and National Insurance Trust (SSNIT) to...
...despite a 96% inclusion rate in terms of access By Ernest Bako WUBONTO Despite achieving 96 percent financial inclusion in terms of access, only about a third (32 percent) of the population have the necessary knowledge to make informed financial decisions, according to a recent Financial Inclusion (FI) report. This phenomenon has...
Fidelity Bank Ghana, the largest privately-owned bank in the country, made a significant contribution to the Electric Mobility Conference 2024, held at the Movenpick Ambassador Hotel in Accra. Atta Yeboah Gyan, Deputy Managing Director at Fidelity Bank, delivered a thought-provoking keynote address which shed light on the vast opportunities and...
Republic Bank (Ghana) PLC  has announced the appointment of Mr. David Addo-Ashong as Acting Board Chairman following a decision by the Board of the Bank and Bank of Ghana’s approval. Mr. David Addo-Ashong was appointed to the Republic Bank (Ghana) PLC Board in June 2018 as a representative of Republic...
By Deborah Asantewaah SARFO Absa Bank, in partnership with Mastercard Foundation, has set out to support 10 businesses with GH¢1m under phase two of its grant initiative dubbed ‘Absa Fintech and Agritech Programme’. The initiative, which mainly focuses on micro, small and medium enterprises (MSMEs) in the Agritech and Fintech space,...
By Sandra Agyeiwaa OTOO Managing Director-GCB Bank PLC, John Kofi Adomakoh, has paid a courtesy call on the Ga Mantse, King Tackie Teiko Tsuru II, at his palace in Accra ahead of this year’s Homowo festival. The visit aimed to strengthen ties, seek Ga Mantse's support in creating an enabling environment...
sees positive equity position, increased customer deposits following successful capital raise By Ebenezer Chike Adjei NJOKU Indigenous financial services provider, CalBank PLC has reported a financial turnaround for the first half of 2024, marked by a 49.4 percent increase in profit after tax, reaching GH¢151.9 million compared to GH¢105.7 million...
Access Bank Ghana through a collaborative effort with IT Consortium made a presentation of GHS 100,000 to UGMC last Wednesday to support the construction of a modern Clinical Trials Laboratory. Josephine Arthur, zonal Head of Retail Banking at Access Bank, in her address, stated that, the Bank is not only...
Access Bank (Ghana) Plc has launched phase two of its ‘Waste is Useful’ project, one of its environmental sustainability initiatives with the aim of training over 150,000 school children in 300 basic schools on recycling and the need for sustainable use of resources. In Ghana, single-use plastics, such as plastic...