Group Head, Business Development at FBNBank Ghana Limited, Azubike Obi, has said the degree of success of any country with AfCFTA heavily depends on its financial services sector since it will serve as the engine that will drive the expected activities. In this regard, he believes “the sector must be...
Despite the ever-widening housing deficit of the country, investment banker and Chief Executive Officer of Databank, Kojo Addae-Mensah, has said that people looking to invest in the real estate sector could be disappointed as the sector may not be as profitable as it is made to seem. Mr. Addae-Mensah, speaking...
It is increasingly recognised that we live in a VUCA World, characterized by Volatility, Uncertainty, Complexity and Ambiguity. The Covid-19 pandemic has shown how quickly major economic disruption can occur. Leading economies suddenly see numerous businesses facing bankruptcy. The dislocation, coupled with the impact of new technology, will accelerate the pace...
Bank of Africa in partnership with CFAO Ghana Limited in June this year launched a Vehicle Financing Facility. The idea of the Vehicle Finance partnership is to bring convenience to both corporate and individual customers of both the Bank and CFAO who would want to purchase brand-new cars from...
Prudential Bank Limited has appointed Mrs. Muriel Susan Edusei as its new Board Chairperson. Her appointment took effect on April 29, 2020 following an earlier approval by the Bank of Ghana. Mrs. Edusei’s appointment follows the retirement of Mr. Kwaku Agyei-Gyamfi after twelve (12) years of outstanding leadership. A statement issued...
For the majority of Ghana’s banking public, today’s Ecobank is virtually unrecognisable from the bank that opened its doors to them 30 years ago in 1990. The Ghanaian subsidiary of the Pan African banking giant Ecobank Transnational Incorporated (ETI) is undoubtedly the finest and one of the largest universal...
According to the World Bank, Ghana is the fastest-growing mobile-money market in Africa with close to 12 million customers at the end of 2019. Currently, the mobile money subsidiary of MTN is the dominant player with about 90% of mobile money transactions, followed by the subsidiaries of AirtelTigo and...
Director of Marketing and Corporate Relations at Absa Bank Ghana, Nana Essilfuah Tamakloe, has underscored the need for women in leadership to build a network of support systems if they are to be effective and successful in their roles. She was speaking at a virtual summit organised by Touchpoint Magna...
Standard Chartered Bank Ghana Limited has today published its Impact Study Report assessing the socio-economic impact of its lending to infrastructure and manufacturing sectors in Ghana. This is the second Impact Study and it explored an evolved approach to measuring the Bank’s Sustainability Aspirations by examining, quantifying and describing the...
A financial sustainability requirement protects the government against losses and forces a bank to make better use of scarce financial resources. Early on, Diamond (1957) argued that a development bank needed some investments to be profitable since it has to cover losses on socially desirable but commercially less viable...