cites economic prudence, business expansion for GH¢200m payout Shareholders of Ecobank have approved the payment of GH¢0.62 as dividend per share (DPS), bringing the total corporate payout for the 2021 financial year to GH¢199.98million. The sum, which represents approximately 35 percent of the financial services provider’s post-tax profit, was...
As GhanaPay is launched The introduction of the first bank-wide mobile money solution, dubbed: GhanaPay, to be offered by universal banks, rural banks, and savings and loans companies, is expected to spur the country’s financial inclusion drive, as well as its digital financial transformation. GhanaPay, which is available to individuals...
declares GH¢0.06p dividend per share The Amenfiman Rural Bank Limited at Wasa Akropong in the Wasa Amenfi East Municipality in the Western Region has posted yet another impressive operational performance in the 2021 year under review. The bank recorded a profit before tax of approximately GH¢10.1million in the 2021...
Addressing the perceived risk to operations of the Development Bank Ghana, President Nana Akufo-Addo has assured that government will not interfere in the Bank’s decision-making process, so as to guarantee its operational independence. “I want to assure the board of the Bank that government will not interfere in its decision-making...
Governor of the Bank of Ghana, Dr. Ernest Addison, says the Development Bank Ghana will help address market failures in the Ghanaian credit markets, thereby helping businesses invest long-term and promote economic growth and job creation. Currently, there are shortcomings in the financial landscape which have a direct bearing on...
The number of start-ups qualifying as Unicorns (valued at over US$1bn) has grown significantly in the last year and a half. The exact percentage of unicorns growth in numbers since the beginning of last year comes to 162 percent, with 707 new unicorns emerging in that period. Up until the...
Addressing the funding gap for small and medium sized enterprises (SMEs), the Development Bank Ghana (DBG) is prepared - based on an innovative model - to provide competitively priced loans through partner financial institutions for on-lending, Chief Executive Officer (CEO) of the Development Bank Ghana (DBG), Kwamina Duker, has...
Calls for reevaluation of pricing model of risky assets Member of Parliament for Nhyiaeso Constituency, Dr. Stephen Amoah, has called for re-evaluation of the pricing model for government short-term bills, saying the high rates they offer are among the reasons cost of lending is so expensive. He said for wider...
Absa Bank Ghana has signed a partnership agreement with Ghana Union of Traders Association (GUTA) to provide flexible loan schemes for members of the association, with a special package for women-led businesses. The bank will provide collateral-free lending of up to GH¢500,000 for traders, and a special loan package of...
Access Bank has opened a new Agency Banking network at the Accra Technical University (ATU) in Accra.  This is in line with the bank’s vision of becoming the world’s most respected African bank through strategic expansion and retail dominance. Through this expansion drive, Access Bank has brought banking operations close...