An international rating agency, Global Credit Rating Agency (GCR) has upgraded Fidelity Bank Ghana’s national scale long term ratings from A- to A and short-term ratings from A2 to A1, with a stable outlook. In a press release announcing the upgrade of Fidelity Bank, the rating agency indicated that Fidelity’s...
…petitions Parliament to investigate BoG, GSE   Former Chief Executive Officer (CEO) of UT Bank, Prince Kofi Amoabeng, and Founder of uniBank, Dr. Kwabena Duffuor have petitioned Parliament over the revocation of their banking licenses during the financial sector cleanup exercise. This was contained in Parliament’s Business Statement. According to the document,...
The new members of the Mineral Income Investment Fund (MIIF) has been announced during an inauguration ceremony held by the Ministry for Finance. As part of this announcement, Professor Douglas Boateng was appointed as the Chairperson of the board. Finance Minister, Ken Ofori-Atta welcomed the new board and Chair and said:...
2020 has been one heck of a year. It was meant to be the beginning of a new decade with fresh optimism and hope of better things to come. But then it had its own plans and that plan was delivered in the shape of a global pandemic called...
As part of efforts to accelerate its growth trajectory, the Amantin and Kasei Community Bank Limited, headquartered at Amantin in the Bono East Region, has opened its eighth branch at the Kejetia market, the heart of commerce in the Kumasi metropolis. The new Kejetia market mobilization centre of the bank,...
As banks increasingly allow some staff to work remotely, especially at home, the likelihood of cyber-attacks is higher than working in the traditional banking environment, Abiola Bawuah, Regional CEO-West Africa at United Bank for Africa (UBA), has said. She said banks, just like other businesses trying to reduce the number...
The Bank of Ghana (BoG) has reiterated its cautionary stance to institutions it licences as well as the wider public on the use and trade of cryptocurrencies within its jurisdiction, citing glaring existing risks which it believes could jeopardise the nation’s financial sector if left unchecked. This comes as the...
The Bank of Ghana has revoked the licences of two forex bureaus operating in Accra for several breaches of the Forex Bureau Act. The two companies - Trade House Forex Bureau Ltd. and Aiport City Forex Bureau Ltd. - which are under the same ownership, according to Head of Other...
The Importance of Defining Roles Clearly In the dynamic corporate governance landscape, clearly defined roles facilitate smooth operation and are pivotal in steering the organisation towards its strategic objectives. A vivid outline of responsibilities ensures that every financial process is undertaken judiciously, maintaining a balance between strategy and day-to-day management....
Three decades of leadership in product and service scope and Innovation, technology-driven customer convenience, excellent financial performance, and sound financial solidity. As the local and global economies bounce back, after two years of enduring the devastating effects of COVID-19, business expansion and growth across different sectors is envisaged....