Monday, September 26, 2022
Welcome to another week of financial learning. It has been a while since I came your way with my financial nuggets. I had to come out of my shelve to touch on a seven-level approach towards financial freedom by Grant Sabatier. Grant is a is an American author, podcaster, and entrepreneur....
Optimal Reserve Ratio (Gold Reserve / Foreign Reserve)-Targeting (30%) , in tandem with Inflation-Targeting  The present Government's Cedi stability policies are recycled from 2000 - 2008 (Pre - Global Financial Crisis), and inappropriate for today's global monetary environment (Quantitative Easing dilutes Ghana's Cash Reserves), and some negative nominal interest rates...
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...
A recent banking sector survey has revealed that customers of Bank of AfricaSpecial focus on AfCFTA: Bank of Africa’s contribution towards the implementation of AfCFTA (BoA) are the most satisfied customers in the country’s banking space. According to the research firm, Global InfoAnalytics, in its Semi-Annual Banking Sector Brand Health Report,...
The Bank of Ghana (BoG) has noted with concern a trend where some banks and Specialised Deposit-Taking Institutions (SDIs) impose certain unfair fees and charges on customers, which serves as a disincentive to financial inclusion. These nuisance fees and charges include: credit insurance premium overcharges; maintenance fees on savings accounts;...
Banking consultant and corporate governance expert Dr. Richmond Atuahene has said that for banks to remain resilient and safely sail through the coronavirus pandemic storm, it will be necessary for them to improve on their digitisation drive and form strong partnerships with financial technology companies (fintechs). Speaking ahead of the...
Fitch Ratings has upgraded United Bank for Africa (Ghana) Limited's Long-Term Issuer Default Rating (IDR) to 'B' from 'B-' and Viability Rating (VR) to 'b' from 'b-'. The Outlook on the Long-Term IDR is Stable. A full list of rating actions is below. The upgrade reflects the strengthening of the...
Madam Abiola Bawuah, the MD/CEO of the United Bank for Africa (Ghana) has once again been applauded in the industry, this time with the award of the Finance Personality of the Year, at the just ended Ghana Accountancy and Finance Awards. When Mrs Bawuah took over the reins at UBA...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally. At the AGM to present the...
After five years of dedicated and growth-oriented service to Universal Merchant Bank (UMB), Mr. Benjamin Amenumey has completed his tenure as UMB’s CEO - making way for the appointment of Nana Dwemoh Benneh as the bank’s new Chief Executive Officer, following approval from the central bank. In a statement issued...
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