The implementation of a centralised payment and settlement infrastructure is expected to contribute in addressing the low intra-African trade, particularly with the integration of banks and fintechs, Country Manager of AZA Finance, Nana Yaw Owusu-Banahene, has said.
Intra‐African trade stands at around 10 percent compared to 60 percent, 40 percent,...
The Pan African Payment and Settlement System (PAPSS) is poised to incorporate all regulated payment and settlement outlets across participating countries into its framework, and in the process ensure that no segment of the economy is left out.
In Ghana, banks and non-bank financial institutions - including saving and loans...
Ghana’s largest privately-owned indigenous bank, Fidelity Bank, has signed a Memorandum of Understanding (MoU) with six real estate developers to enable customers access mortgage loans.
The agreement will see Fidelity and the real estate developers - Integral Associates, GHS Housing, Adom City Estates, Priority Homes, Blue Rose Developers and New...
Consolidated Bank of Ghana (CBG), the second-largest bank in Ghana by branch network has been accepted to join the Commonwealth Enterprise and Investment Council, a major Commonwealth organ created by the 54 Commonwealth Heads of Government to promote Trade, Enterprise and Investment within and across the Commonwealth of Nations.
CBG...
African Export-Import Bank has released the consolidated financial statements of the bank and its wholly owned subsidiaries, altogether referred to as the Afreximbank Group (the ‘Group’), for the 2021 year under review.
The Group results demonstrated strong and resilient growth, with interest income crossing the US$1billion mark once again.
Two non-bank subsidiaries, Fund...
Management of Ghana Export-Import Bank (GEXIM) has announced the re-launch of its popular ‘Tuesday Market’, an initiative to create awareness for Made-In-Ghana products and harness their potential for exports. The event is scheduled for Tuesday, April 26, 2022 at the World Trade Centre in Accra, and will witness an exhibition of Made-In-Ghana...
In the spirit of appreciation for key stakeholders to climax G- Money’s ‘Win Like a Gee’ Promo, GCB Bank PLC has rewarded 45 individuals in the penultimate ‘Win Like a Gee’ draw.
The 45, comprising of 16 agents and 29 customers, were rewarded with TV sets, refrigerators, smartphones, air conditioners,...
Shareholders of Republic Bank have unanimously endorsed the payment of a total dividend of GH¢0.025 per share – totaling GH¢21,299,000 – for the financial year ended December 31, 2021.
The endorsement, which was made at the bank’s 31st Annual General Meeting (AGM), and subject to final approval by Bank of...
UBA Ghana has recorded a 46% growth in deposit, emerging as the best performing bank in terms of deposits mobilisation for the 2021 year under review.
The bank has crossed the GH¢4billion mark when the industry average was about 16.7%. The impressive deposit mobilised is an expression of satisfaction with...
The Managing Director of FBNBank, Mr. Victor Yaw Asante, has been appointed as a member of the Board of Trustees of the Venture Capital Trust Fund (VCTF).
Mr. Victor Yaw Asante who was sworn-in as the ninth member of the governing board of the VCTF is representing the Ghana Association...