The case for a Development Bank for Ghana is being made, and there are certainly compelling reasons for its establishment. Any Ghanaian entrepreneur can give you a tall list of the various challenges they face operating in this economy, with financing being one of the most important. As the lifeblood...
All is set for FBNBank’s National Trade Forum(NTF) which is expected to provide the platform for a deep-dive by key sector partners and stakeholders of how to improve Ghana’s international trade under the topic, “Promoting Trade between Ghana and the rest of the world.” The event which is scheduled for...
The central bank has abolished seven nuisance fees and charges as well as other practices in the banking sector, in a bid to ensure that the interests of customers of banks and Specialised Deposit-Taking Institutions (SDIs) are adequately protected. In a release issued last week, the Bank of Ghana said...
…records over 80% of total customer transactions via digital channels Fidelity Bank Ghana, the largest privately-owned Ghanaian bank, has chalked up an enviable milestone in its drive toward digitalising its banking services. The bank disclosed that over 80 percent of customer transactions recorded in 2020 took place via its various digital...
Vodafone Ghana’s mobile financial services, Vodafone Cash, has partnered with global cross-border payments company WorldRemit to enable its customers receive international money transfers straight to their mobile money accounts without any charges. The service allows Vodafone Cash customers to seamlessly receive international money transfers from their family and friends in...
The Economic Community of West African States (ECOWAS) has adopted a new road map to launch its single currency in 2027. Dr Jean-Claude Kassi Brou, President of the ECOWAS Commission, told a press conference that the new road map was agreed by the heads of state of ECOWAS at the...
The Director of the Financial Sector Division at the Ministry of Finance, Sampson Akligoh, has disclosed that several competent measures have been put in place to ensure the success and independence of the yet-to-be formed Development Bank Ghana (DBG). According to Mr Akligoh, government has learned its lessons from the...
The Bank of Ghana has introduced a domestic gold purchase programme which is aimed at diversifying the traditional means by which the country builds its foreign exchange reserves, governor of the Bank of Ghana, Dr. Ernest Addison has announced. The domestic gold purchase programme, according to the governor, will pave...
…to drive investment in key sectors As part of increasing efforts to enhance trade and facilitate investment in the country, Access Bank Ghana, one of the largest retail banks in Ghana today, has hosted the second edition of its Access-China Connect Business Forum for Asian companies including Chinese related businesses. The...
The impending nationwide re-registration of subscriber identity module (SIM) cards will have a positive bearing on the inflow, distribution and usage of remittances in the country, the Minister of Communication and Digitalisation, Ursula Owusu Ekufful, has said. With the growing trend of using mobile money wallets as the primary channel...