Fidelity Bank Ghana has opened a plush new branch within the commercial business district of Kaneshie in Accra. This move forms part of the Bank’s strategic agenda to proffer its wide-ranging suite of customized banking services and products to customers within Kaneshie, Abossey Okai and its environs.
The spacious, state...
The Kintampo Rural Bank PLC at Kintampo in the Bono East Region has consolidated its growth with a sound performance across the key financial metrics during the 2021 year under review.
In the midst of external and domestic induced shocks, the bank weathered the storm to record GH¢1.83million as profit...
Access Bank Ghana is empowering more SMEs through its capacity building workshops on digitalization. Over 100 SMEs got the opportunity to participate in the fourth edition of the Bank’s capacity building workshop on digitalization at Koforidua, organized in partnership with Open Labs, an Information Technology Firm.
The workshop on the...
The Managing Director for Agricultural Development Bank, Dr. John Kofi Mensah says the bank has introduced a new strategy that would ensure a reduction of its Non-Performing Loan portfolio. The Bank’s NPLs portfolio witnessed a reduction from 34 percent in 2020 to 31 percent in 2021.
Speaking at the 35th...
In the coming months, banks will continue to tighten their stance on credit to the private sector, results from the latest Bank of Ghana credit conditions survey have shown.
This, according to the central bank, stems from the increase in lending rates and general uncertainty surrounding performance of the economy...
The banking industry’s performance has defied the general economic downturn with strong growth across key metrics including total assets and deposits, as well as sustained improvement in profitability within the industry during the first half of 2022.
Available data from the latest Monetary Policy Report (MPR) for the half-year of...
The Assistant Director-Fintech Promotion and Innovation at the Bank of Ghana, Clarence Blay, says the central bank’s digital currency (the eCedi) will serve as the fulcrum of the country’s efforts to build a robust environment for efficiently delivering inclusive digital financial services to Ghanaians.
Mr. Blay, who was speaking on...
It has been over a decade since the idea of having a common currency for the countries in the Economic Community of West African States (ECOWAS) was first proposed. The idea was that such a currency would have the following advantages: the benefits of economies of scale, free movement...
Best Point Savings and Loans Ltd. Has been adjudged the Brand of the year in the Savings and Loans category at the Ghana Corporate Brand Awards 2022. Best Point was recognized and honored as the most popular and trusted Brand in its sector. The awards also acknowledged the company’s...
records over 371% in profit margin
East Akim Rural Bank Ltd. has recorded an impressive growth by making its first profit since 2018, with an over-300 percent increase in its net profit after tax.
The bank recorded profit before tax of approximately GH₵331,325 as against a loss of GH₵152,560 in...