African Export-Import Bank (Afreximbank), has been singled out for applause by the Ministry of Finance (MoF), Bank of Ghana (BoG), and Ministry of Trade and Industry (MoTI) for its comprehensive cocktail of financial facilities for businesses and infrastructure development projects in Ghana and on the continent.
According to the state...
Ecobank is a headline sponsor of this year’s Boma of Africa event marking the African Union’s (AU) “Africa Integration Day”.Thissponsorship signifies Ecobank’s support for the AfCFTA Hub initiative.
The Africa Integration Day concept was instituted by the AU Heads of State to herald a new phase of pan-Africanism defined by...
At 2030, I would say that you probably have two billion people that’ll be using day-to-day banking services, independent of banks.
Research by Statista (2020) indicates that almost 2 billion people globally actively used online banking, and this trend is projected to rise. In fact, by 2024, there will...
Considering its vantage position on the financial services delivery value chain, the Savings and Loans (S&Ls) sub-category is best placed to take advantage of a regulated crowdfunding framework to leapfrog growing competition for its market segment, Head of Fintech and Innovation at the Bank of Ghana (BoG), Kwame Oppong,...
The global pandemic changed the course of economies worldwide, negatively impacting human survival. Hard-hit sectors included health, employment, education, and businesses. COVID-19's impact did not spare small and medium-scale industries. According to McKinsey.com, between February 2020 and April 2021, 70 to 80 percent of SMEs across 32 countries lost...
I am extremely excited by this year’s Business and Financial Times Banking Survey. My excitement stemmed from the published survey which focused on the theme: “Bouncing Back Stronger: Innovative Banking Solution for National Economic Recovery”. As I reflected on this, I was fascinated by recent developments within the banking...
UBA Ghana has strengthened its position as a trade bank for Ghanaian businesses across Africa and the world. With presence in 20 countries in Africa and also in America, UK, Paris, and now Dubai, the bank has developed an effective system to ensure seamless trade businesses for our customers.
As...
According to the ARB Apex Bank PLC, there are 147 rural and community banks with over 800 branch networks spread across the 16 regions of Ghana.
The total assets of the rural banking sector as of December 2021 amounted to GH¢6.72billion.
The sector also recorded total deposits of GH¢5.94billion.
Like any other...
how BoG's new move would allow consumers to switch bank accounts
What is the most effective solution to poor service, mis-selling, and the seeming lack of concern by banks toward the most pressing needs of their customers; those whose hard-earned savings constitute the chunk of their funds? Simple....
Modern society holds an optimistic view of technology and its increasing variety and sophistication. Digital technology has succeeded in transforming our observation and experience of the world. It is increasingly becoming apparent to businesses worldwide that they operate in digital ecosystems and the constellation of key actors that consistently...