…with 10% loan allocation Fidelity Bank has allocated 10 percent of its loan portfolio to agriculture - more than three times the industry average - in a move geared toward bolstering the sector, especially, against looming climate threats. Recent data from PwC’s 2024 Banking Survey on 20 of the 23 banks...
In a significant effort to advance Ghana’s research and technological landscape, FirstBank Ghana lent financial support to the Council for Scientific and Industrial Research (CSIR’s) Science for Impact Fund. This donation highlights FirstBank's unwavering commitment to fostering innovation, propelling industrial development, and supporting community-driven projects through the application of cutting-edge...
Absa Bank Ghana continues to make significant strides in enhancing financial literacy among the youth through its ‘Money Matters’ initiative. Launched earlier this year, the programme has already impacted over 50,000 pupils across 78 basic and senior high schools nationwide, surpassing initial milestones and laying a strong foundation for sustainable...
…for premier, prestige, and business banking Absa Bank Ghana has recently upgraded its East Legon branch to serve Premier, Prestige, and Business clients. The upgraded services were unveiled in a short ceremony at the newly expanded and refurbished East Legon branch premises.  Absa’s top management and some esteemed clients attended...
… addressing youth unemployment, economic fundamentals, and legal challenges. By Kofi Anokye OWUSU-DARKO(Dr) Dr. Mahamudu Bawumia, the Vice President of Ghana, has proposed an ambitious initiative to implement a national credit scoring system. This system aims to make consumer products, particularly mobile phones, more accessible to the youth by allowing them...
By Eric Kekelli Segbefia ADZOR-DANIELS The financial sector plays a vital role in achieving sustainable development and mitigating climate change. As a key player in the global economy, banks have a significant impact on the environment and society. The Principles for Responsible Banking (PRB) provides a framework for financial institutions to...
By Kizito CUDJOE A Kenyan economist and Executive Director of the African Forum and Network on Debt and Development (AFRODAD), Jason Rosario, has called for urgent reforms to the global financial and economic architecture. His call comes on the back of growing economic challenges facing several African countries amid concerns for...
By Seth KRAMPAH & Joseph AKOSSEY On Monday, May 27 we discussed how good leadership has improved the fortunes of some rural banks Specifically, we examined three CEOs who have positively and remarkably improved the performance of their respective banks thereby creating superior value for key stakeholder. The part three will consider...
...highest in the rural banking industry By Seth KRAMPAH, Wasa Akropong Amenfiman Rural Bank PLC, Ghana’s foremost rural bank with its head office located at Wasa Akropong, in the Wasa Amenfi East Municipality in the Western Region, has recorded a total deposit of a little over GH₵ 1 billion as...
By Harold Kwabena FEARON In the not-so-distant past, banking often meant enduring long queues, paperwork, and rigid operating hours just to perform basic transactions like transferring money or checking balances. Today, however, the digital revolution has fundamentally reshaped our relationship with banking. Armed with nothing more than a connected smartphone or...