Popularity of the cryptocurrency concept in the global financial community has surged in recent years. Patrons of the novel digital currencies have increased in recent periods. The term cryptocurrency comprises two significant words. These include ‘crypto’ and ‘currency’. The term crypto connotes ‘hidden’ while currency could be described as...
CalBank PLC is set to scale-up its digitisation initiatives to better meet the needs of clients and expand its customer base come 2022. According to the bank’s Managing Director, Philip Owiredu, the bank has its customers at heart and is hence putting measures in place to improve transactions and services....
Lending institutions could turn to Direct Debit to improve on their loan recovery rate. This is because it has some flexibilities that lenders can explore for repayment of loans. Poor loan recovery is a major challenge to many lending institutions, especially the savings and loans as well as microfinance companies....
While the concept of Black Friday is purported to have emerged from the United States of America, it has become quite popular in urban Ghana. This is as a result of the enormous business and product deals offered by merchants and service providers, which usually leads to increased purchases towards...
The Annual Percentage Rates (APR) and Average Interest (AI) report for December 2017 released by the Bank of Ghana have shown that the lending rate to the agriculture sector remain high, as it hit 31.1 percent at the close of 2017. The report shows that out of the 31 commercial...
Ecobank, the pan-African financial services group, announces the appointment of key senior executives to strengthen the Group’s leadership team and to drive delivery of its new Growth, Transformation and Returns (GTR) strategy. Abena Osei-Poku joins as Regional Executive Anglophone West Africa and Managing Director Ecobank Ghana; Martin Miruka as Group...
Contrary to some views that the Bank of Ghana is set to introduce crypto currency into the economy, Banking Consultant Nana Otuo Acheampong has explained that the electronic digital currency scheduled to be piloted by the central bank in September is not a crypto currency. According to him, unlike crypto...
The Governor of the Bank of Ghana, Dr. Ernest Addison has disclosed that, banks in Ghana will soon be required to publish bank-specific cyber security policies. Publication of the bank-specific cyber security policies according to the central bank's governor, is in line with provisions in the Payment Systems and Services...
The Registrar-General will today, Wednesday, November 25, 2020, meet investors of eight Fund Management Companies for Creditor Meetings. Investors can join the virtual meeting through specially designated time slots and specially created ID’s. The eight fund Managers include Unisecurities Ghana Limited, EM Capital Partners, Heritage Securities Limited, Corporate Hills Investment Limited...
In the ever-evolving landscape of the financial industry, banks around the world are embracing cutting-edge technologies to enhance customer experience and meet the diverse needs of their clients. Creditably, banks in Ghana are welcoming this transformation. At the forefront of this digital transformation is Artificial Intelligence (AI), a revolutionary...

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