The Executive Director of eTranzact Ghana, George Babafemi, has urged the teeming youth with a budding interest in cryptocurrency to exercise patience for the Central Bank Digital Currency (CBDC) expected to be issued by the Bank of Ghana (BoG) to be rolled out first to set the tune and...
projects modest reprieve for cedi in Q2
Interbank liquidity - funds banks can lend among themselves - could fall by as much as GH¢5billion in the second quarter of the year following the 4 percentage points hike in the capital reserve ratio (CRR), a recently-released report by asset-management company...
The management of Zeepay has issued a disclaimer regarding the activities of certain investment schemes claiming to be associated with the company.
In the disclaimer, Zeepay said: “It has come to our notice that investment schemes claiming to be affiliated with Zeepay are being advertised on WhatsApp and other social...
The Electronic Transaction Levy or E-levy apprehensions are starting to manifest, with banking halls and Automated Teller Machines (ATMs) seeing increasing activities in terms of withdrawals of cash for transactions.
A cursory survey by the Business and Financial Times (B&FT) of some bank branches and ATMs in some parts of...
Zenith Bank (Ghana) Limited has announced the appointment of Henry Chinedu Onwuzurigbo as the new Managing Director/Chief Executive Officer of the Bank. He takes over from Anthony Akindele Ogunranti who has been elevated to the position of Executive Director in Zenith Bank Plc.
Mr. Onwuzurigbo, until his appointment, was the...
Absa Bank Ghana has unveiled the winner of its English Premier League customer promotion dubbed: ‘The Card Assist campaign’.
The promotion was launched last December to encourage customers to take advantage of the bank’s contactless cards in managing their transactions seamlessly, with lots of prizes at stake as well. The...
The Chief Executive Officer of Ghana Export-Import Bank (GEXIM), Lawrence Agyinsam, has reiterated the bank’s commitment to supporting the Government of Ghana’s quest for a feasible and sustainable export-led economy in line with the bank’s mandate to facilitate the transformation of Ghana’s economy into an export one by supporting and developing...
The Pan African Payments and Settlement System (PAPPS) is the intra-African trade and commerce payments, centralised payment and settlement system. With the participation of banks and fintechs, the deployment of this system is expected to contribute to solving the issue of low intra-African Trade.
Speaking at The Money Summit, Head...
The managers of GCB Bank have moved to allay fears over the sustainability of its loan asset quality as measured by its Non-Performing Loans (NPLs) ratio in the 2021 fiscal year.
Despite the impressive growth in the bank’s assets value and a corresponding rise in its net profit, the state-owned...
Despite its sluggish start to the year, the equities market is projected to close the year with a positive return of approximately 12 percent - and this will be driven by an upturn in the fortunes of financial stocks, a recently-released report by Databank indicates.
The Ghana Stock Exchange, as...