Monday, April 12, 2021
In my recent article titled: “Is the Energy Sector Levies considered as a bailout of Banks in Ghana?” I examined the financial health and soundness of 12 Banks that are creditors to the Energy Sector State-owned enterprises (SOEs) and the Bulk Oil Distribution Companies (BDCs). These 12 Banks are...
Digital innovation is transforming how businesses operate and how people work. Your bank will need to embrace digital capabilities in order to revolutionize its business. Achieving digital innovation will require your bank to create immersive digital customer experiences, change the way employees work and rethink your business models. Usually, when...
The B&FT can authoritatively report that, the Second Deputy Governor of the Bank of Ghana, Dr Johnson P. Asiama, has resigned from his position barely two years after being appointed to the position. Information available to the B&FT indicates that, the now former governor of the central bank tendered in...
  Outspoken financial analyst Kenneth Thompson is predicting scarcity of cash in the economy next year, despite the optimistic tone of government in the 2018 budget. Alluding to the budget’s allocation of more than 80 percent of revenue to the payment of salaries and interest on loans, Mr. Thompson noted that...
President of the Chartered Institute of Bankers (CIB), Mrs. Patricia Sappor has urged banking professionals in Ghana to begin discussions on Crypto Currency. According to her Crypto Currency is the next big thing happening, noting that as at November 2017, Crypto Currencies (digital Currencies eg. Bitcoin) have reached a record...
The Central Bank, in responding to challenges in the microfinance sector, has released a list of certified microfinance companies to help customers make informed choices. The list is made up of Tier 2 institutions or microfinance companies or and Tier 3 or money lending institutions across the country. In a...
The Fiaseman Rural Bank Limited at Bogoso in the Prestea Huni-Valley district of the Western Region has inaugurated a branch at Kokompe in Takoradi in the Western Region. This brings to twelve the number of branch offices currently being operated by the bank. The branches are Bogoso, Sikafie-Bogoso, Prestea, Tarkwa,...
  Commercial banks and other deposit taking institutions face ad hoc inspections by the Ghana Deposit Protection Corporation under the amended Ghana Deposit Protection (Amendment) Law, 2018. The stringent supervisory function is imperative to provide protection for mainly small depositors in the case of institutional failure, especially unsophisticated depositors who have...
Despite the ever-widening housing deficit of the country, investment banker and Chief Executive Officer of Databank, Kojo Addae-Mensah, has said that people looking to invest in the real estate sector could be disappointed as the sector may not be as profitable as it is made to seem. Mr. Addae-Mensah, speaking...
Indigenous banks are in for a tough time as analysis conducted on their latest financial results indicates that they need to raise as much as GH¢4billion to meet the central bank’s GH¢400 million minimum capital requirement. Out of the 16 Ghanaian-owned banks analysed by financial analyst and credit consultant Emmanuel...
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