Thursday, August 5, 2021
Six-year study with 47,000 households demonstrates how housing microfinance can be win-win for poor people and financial institutions A new study from Habitat for Humanity says that housing microfinance can and should become a mainstream offering for financial institutions in Sub-Saharan Africa as they respond to growing housing needs in...
As banks race against time to meet the central bank’s December 31 minimum capital requirement deadline, they are projected to require a total GH¢13billion of fresh capital - a task indigenous banks in particular say is too daunting. In a paper titled ‘Banks’ Readiness Assessment to meet the 2018 minimum...
Chief Executive Officer of Donewell Insurance Company Limited, Seth Aklasi, has stated that the company has exceeded the National Insurance Commission's minimum capital requirement of GHS 15 million. According to him, the company has so far made GHS 23 million. He said Donewell is fully capitalized and has a clear...
The President of the Ghana National Chamber of Commerce and Industry (GNCCI), Nana Appiagyei Dankawoso I, has called on commercial banks to reduce their lending rates to reflect the recent cut in the Bank of Ghana’s policy rate. The Monetary Policy Committee (MPC) of the Bank of Ghana, last week,...
FBNBank Ghana Limited has partnered with 1million teachers, a social enterprise and Queen’s University, Canada to roll out teacher development programmes that would improve the quality of teaching and learning throughout the country. The 1 Mllion Teacher project is structured as a continuous professional development programme that provides knowledge, infrastructure...
To help Africa find the path to its long-deserved economic fortune, the African Development Bank is championing the region’s premier investment market. The Bank is providing collaborative leadership for a new 100% transactional initiative – the Africa Investment Forum (AIF) – which provides Africa’s best opportunity so far to encourage...
Barclays Bank has posted a strong financial performance in the 2017 financial year results - raking in over GH¢550million of profit before tax - the first time the bank has been able to break the half a billion cedis profitability ceiling. The bank, which will soon rebrand to Absa following...
Despite impressive performances in 2017, banks are not likely to dole out dividends this year; at least not so generously, as they struggle to meet the new GH¢400million stated capital set by the central bank. With annual general meetings coming up in a matter of weeks, banks will be requesting...
Banking in today’s world is all about convenience. What would have seemed like a normal banking experience just a decade ago, will today seem unthinkable and even straight out of this world like queuing for 30 mins to check account balance. Banks continue to invest in their service infrastructure to...
Government is exploring ways of getting a formidable indigenous bank to compete favourably with other multinational banks in the country, Finance Minister, Ken Ofori-Atta has confirmed. His comments follow a recent Bank of Ghana (BoG) announcement that it has placed uniBank, an indigenous bank, under administration with KPMG as the...
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