Revenue up 17%, impairments down by 35%,
Absa Bank Ghana has announced an impressive 2021 financial performance, recording an increase in revenues by 17% and a reduction in impairments by 35%. This comes on the back of a return to normal activity by the Ghanaian economy after a challenging 2020...
The Universal Merchant Bank Ghana (UMB), a leading indigenous Ghanaian bank, has presented young female ‘agripreneur’, Elselund Ewudzie-Sampson, a cash grant of GH¢5,000 in support of her online grocery business.
The story of Elselund Ewudzie-Sampson (also known as Adwoa Agbogbloshie), was brought to prominence during a segment on the highly...
Ghana’s rural banking industry has seen another year of consolidation, keeping with an established trend that has seen the sector becoming the driving force of the country’s poverty. Alleviation.
B&FT’s SETH KRAMPAH takes a look at the activities of RCBs in Micro Finance that have the propensity to alleviate...
“Facing the pandemic, is not what happened matters, it is how we respond.”
― Napz Cherub Pellazo
Last week, I examined the need for a thorough update of Business Continuity Plans in banks to contain the COVID 19 pandemic. The scale of the pandemic is unprecedented and some of the effects...
Ecobank Ghana has made a donation of GH¢100,000 to the Appiatse Support Fund. The presentation was made to officials of the fund, led by Rev Dr Joyce Aryee, at a brief ceremony held at the Head Office of the bank.
This donation is one of the many interventions carried out...
Banks in the country have demonstrated their commitment to incorporating comprehensive Environmental, Social and Governance (ESG) principles into their operational frameworks, the Head of Banking Supervision at the Bank of Ghana (BoG), Osei Gyasi, has stated.
In keynote remarks at the 26th National Banking Conference, where he was representing the...
HFC Bank has given indication it will raise an additional GH¢255million through a renounceable rights issue, in a bid to meet the GH¢400million new minimum capital requirement.
The bank raised GH¢50million in a similar fashion in November 2017 to meet the then-minimum capital requirement of GH¢120million; and according to its...
As we all know, the world, at the end of 2019, woke up to a new pandemic, Coronavirus, i.e. COVID-19,which has since spread and affected over 200 countries and territories, as at March 2020.
Our country Ghana was hopeful that the spread of the virus will not affect Ghana and...
Stanbic Bank Ghana has paid a courtesy call on the National Chief Imam, Sheikh Osman Nuhu Sharabutu, at his residence in Fadama, Accra to observe the Holy Month of Ramadan.
The Stanbic Bank delegation, made up of Muslim and Christian staff from a cross-section of the bank, was led by...
Amenfiman Rural Bank Limited at Wassa Akropong in the Wassa Amenfi East district of the Western North Region has been adjudged CIMG Rural Bank of the year 2020 by the Chartered Institute of Marketing, Ghana (CIMG).
The bank is a first-time recipient of this prestigious award since its inception 32...