The Agricultural Development Bank PLC (ADB) has fulfilled its sponsorship pledge to the 2021 National Best Farmer Alhaji Mashud Mohammed, with his prize money of Six Hundred Thousand Ghana Cedis (GH¢600,000). The presentation ceremony, held in Accra, had the Minister of Food and Agriculture (MOFA) Dr. Owusu Afriyie Akoto; his Deputy in...
The Board of Directors of African Export-Import Bank (Afreximbank) has approved the launch of the Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA). This is a programme of credit facilities that the bank has developed to manage the impacts of the Ukraine crisis on African economies and businesses which...
The Ghana Export-Import Bank (Eximbank) has entreated shippers - importers and exporters - to approach it early when they need financial assistance. The Head of Guarantees at Eximbank, Mr. Anthony Kofi Dwumah, made this appeal when a delegation from Eximbank on Wednesday, April 4, 2022 paid a working visit to the...
Financial services provider FBNBank has seen its profit before tax more than double for the 2021 fiscal year, as it grew by 112 percent to close at GH¢111.8million, its audited financial statement for the period under consideration has shown. The growth was anchored on year-on-year (YoY) appreciation in net interest...
Investor are shunning government’s short-term debt instruments - the 91-day, 182-day and 364-day Treasury bills - as liquidity on the primary market is strained on the back of unfavourable interest rates on these classes of debt securities. Per the Treasury auction results for April 1, 2022, published by the Bank...
The Bank of Ghana has, once again, cautioned the public against illegal dealings in foreign currency, which include illegal forex activities and pricing, advertising, receipting or making payments for goods and services. The Bank in a statement in accordance with the Foreign Exchange Act, 2006 (Act 723) said companies, institutions...
The Rural Development Fund Ghana, in collaboration with the National Banking College and with support from the Association of Rural Banks (ARB) and ARB Apex Bank, has unveilled a training programme dubbed ‘RDF Executive Management Essentials for Rural Banking’ (REMERB) to meet the growing training needs of Rural and...
Even before the Electronic Transaction Levy (E-levy) takes effect next month, available data show that the mobile money platform has lost about GH¢10billion in value between November 2021 and January 2022 - a development that raises serious concerns about the new tax’s ability to rake in the anticipated revenue. According...
Since the inception of the African Continental Free Trade Agreement (AfCFTA) in 2018, Bank of Africa Ghana has made deliberate efforts to drive the AfCFTA agenda of accelerating intra-African Trade and boosting Africa's trading position in the global market. The Bank’s strategic intent labelled as The Trade Bank of Africa,...
The Managing Director (MD) of Ghana Post Company Limited, Bice Osei Kuffour, paid a courtesy call on Fidelity Bank’s MD, Julian Opuni, to strengthen their business partnership and discuss ways of deepening financial inclusion in Ghana. At the end of the meeting, the two organisations agreed to roll out...

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