The Bank of Ghana has abolished some unfair fees and charges among other practices in the banking sector, in an effort to protect the public. In a notice, the central bank highlighted that maintenance fees on savings accounts charged by financial institutions are prohibited. “Always look out for debits on your...
The Managing Director of GCB Bank PLC, Mr. Kofi Adomakoh, says the bank’s focus is driving revenue. He said having laid a strong foundation and tightened risks, the Bank is well-positioned to return value for investors. Speaking at an investors’ call last Friday, Mr. Adomakoh disclosed that credit under-writing standards have...
Fidelity Bank Ghana has announced the appointment of Mr. Atta Yeboah Gyan as its Deputy Managing Director in charge of Operations and Support functions. Atta Gyan is a hands-on executive and ascends to this new role with a wealth of experience in several aspects of banking - including Finance, Corporate...
The need for constant reinvention has become a running theme within the corridors of Absa Bank Ghana Limited. Hypothetically, the brand is only two years old in Ghana; however, it’s unvarnished focus on meeting the bespoke needs of its clients and customers is proving cutting-edge across the industry. With over...
Ecobank Commercial Banking, part of the Pan-African banking Group Ecobank, has launched its Ellevate Leadership Training Programme in partnership with the Global Business School Network (GBSN). The Ellevate Leadership Training Programme forms part of ‘Ellevate Equip’, the brand name for all capability and training support initiatives for Ellevate by Ecobank...
“Start with good people, lay out the rules, communicate with your employees, motivate them and reward them. If you do all those things effectively, you can't miss” - Lee Lacocca Dear readers, the latest Bank of Ghana Fraud Report for 2019 sent shivers down my spine. “Not again”, I...
The Managing Director of ARB Apex Bank PLC, Mr. Alex Kwasi Awuah, has assured smallholder farmers of rural banks’ credit support in collaboration with other development partners for enhanced productivity. According to him, rural banks are in a better position to support agriculture, particularly smallholder farmers, because of where they...
Starting and running a business requires hard work and determination. Most entrepreneurs have to wear many hats, especially for the weeks and months shortly after they begin trading. And that pressure never really subsides, with attention needing to be given to almost every aspect of the business operations from...
Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has charged banks, and by extension other financial services providers, to consolidate the regulator's efforts at strengthening the digital finance ecosystem by adopting a proactive posture toward improved security of their channels. This, he suggested, will accrue to the benefit...
The Managing Director of the Agricultural Development Bank PLC (ADB), Dr. John Kofi Mensah, has said the bank is ready to partner religious bodies to venture into Agriculture. According to Dr. Kofi Mensah, religious organisations should take advantage of government intervention programmes like Planting for Food and Jobs, Planting for...