The Asantehene, Otumfuo Osei Tutu II, has called for deeper collaboration between the Agricultural Development Bank (ADB) and Asanteman to strengthen development of agriculture in the Ashanti Region. According to the Asantehene, access to credit by farmers in the region is currently a major hindrance to the interest of many of...
“The coronavirus is creating an additional sense of urgency for financial institutions that may have been on the fence about investing in digital mortgage technology before.” -----Timothy J. Mayopoulos, President & Board Member of Blend The novel coronavirus is expected to fundamentally change the way customers interact with their banks, retailers...
With technology disrupting every sphere of human activity, brick and mortar branch banking will no longer be viable in five years, Arnold Parker-Managing Director of finance house AFB Ghana, has said. “I think in the next five years a lot of financial institutions will scale down on brick and mortar...
By: Kwadwo Acheampong Many of us think of the Ghana Stock Exchange (GSE) as just that: a stock exchange, a market for shares only. However, aside shares, fixed income securities like corporate bonds and Government of Ghana Treasury securities are also traded on the exchange. In fact, the volume of...
Ecobank, in partnership with the UNFPA and Tobinco Pharmaceuticals, provided logistical support to the Tetteh Ocloo State School for the Deaf at Ashaiman in the Greater Accra region, in a joint venture to counter the COVID-19 pandemic. The donation was to equip the school, as their final year students returned...
The regulator of mobile money services, the central bank, has been urged to come up with an urgent policy that offers protection to consumers of mobile financial services in the event of any service provider’s collapse. Isabelle Barres, VP of the Center for Financial Inclusion and Director of Smart Campaign...
The Appointments Committee of Parliament will today vet Minister for Finance-designate, Ken Ofori-Atta. Ofori-Atta was originally scheduled for vetting on March 8 but, had to be postponed due to ill-health following post-COVID-19 recovery complications. He spent about 30 days at the Mayo Clinic in Minnesota, USA, where he received specialised treatment...
Absa Group, one of Africa’s largest financial services providers, is celebrating substantial completion of its separation programme from Barclays PLC, three years after the start. The separation, one of the largest and most complex corporate programmes of its kind, followed Barclays PLC’s 2016 decision to reduce its shareholding in the...
PaySwitch Company Limited, a Ghanaian owned third-party payment processor (TPP), has been certified as ISO 27001 compliant. This award is a validation of the company’s strides to provide Ghana with an authentic locally established TPP to banks and other businesses that are driving a digital payment agenda. ISO 27001 is an...
The Registrar General’s Department has cautioned companies to abide by the directive to rotate external auditors every six years as prescribed in the Companies Act 2019 (Act 992) Section (139). Per the law, “an auditor shall hold office for a term not more than six years and is eligible for...