Economic-policy discussions in the eurozone, the United Kingdom, and the United States increasingly revolve around the question of when and how quickly central banks should pull back the uber-stimulus measures implemented last year in response to the COVID-19 pandemic.
There are no easy answers. Both parts of the question call...
FBNBank Ghana has announced the introduction of an internationally accepted and multiple-use Visa Prepaid Card as the latest of its offerings to customers and clients of the Bank aimed at delivering convenience, security and privacy.
The Card which was launched as one of the highlights of the Bank’s 25th anniversary...
Judging by the number of times phrases such as “equitable growth” and “the distributional footprint of monetary policy” appear in central bankers’ speeches nowadays, it is clear that monetary policymakers are feeling the heat as concerns about the rise of inequality continue to grow. But is monetary policy to...
…as 17 banks now issue gh-link cards
Efforts to see increased usage of domestic scheme cards are yielding results, as about 17 universal banks now issue the cards to their customers. The Bank of Ghana and three savings and loans companies also issue the cards, according to the Ghana Interbank...
Group-based lending has proved to be successful in terms of quality loan portfolio, client’s growth and profits.
Besides, group-base lending addresses collateral security challenges faced by MSMEs and helps minimize the risk of liquidity stress of rural banks.
Despite the merits, group-based lending with inappropriate methodologies, weak group management, multiple borrowing,...
Absa Group Limited, one of the largest diversified financial services providers in Africa, plans to implement a second significant broad-based black economic empowerment (B-BBEE) transaction as part of its broader efforts to achieve transformation in a meaningful and sustainable way.
“The planned transaction is a demonstration of our commitment to...
As further evidence of its commitment to the prosperity of Small and Medium-sized Enterprises (SMEs) - which account for more than 70 percent of businesses in the country, leading financial services provider, Access Bank, has partnered with Coronation Insurance Ghana Limited to provide a four-fold insurance package to small...
...yields trending high ahead of US Fed taper
The cost of government financing on the secondary bond market has been on the rise since the third quarter of 2021, with yields rising more broadly across the curve ahead of the start of the US Fed taper timeline which begins next...
…launches 8th edition with call for entries
United Bank for Africa Ghana Ltd, Africa’s Global Bank, has been named as the Best CSR Bank at the just ended Middle East and Africa Retail Banking Innovation Awards 2021.
The announcement was made in a release and published on their website, saying...
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....