Absa Bank Ghana has signaled its commitment to closely collaborate with leading energy companies such as Tullow Ghana, in developing the oil and gas sector. The two companies made headlines late last year when their concerted approach to deal-execution led to the delivery of Ghana’s first ever wholly-owned sea...
The Agricultural Development Bank PLC (ADB) has resumed its Saturday Banking Services in 27 branches across the country. The selected branches in the Greater Accra Region include Spintex, Madina, Tema Main, Dansoman, Kaneshie, Makola, Ridge, New Town, Nima, Ring Road Central (RRC), Teshie, Nungua and Abeka Lapaz.
Also, in the...
Liquidity funding across the interbank market is receiving a major boost as banks continue to adopt the Global Master Repurchase Agreement (GMRA)-based guidelines for repurchase agreements (repos), the Bank of Ghana has said.
Introduced in 2019, the GMRA framework offers a low-risk option for short-term investment and liquidity funding on...
Standard Chartered Bank (StanChart), in partnership with United Way Ghana - a Non-Governmental Organisation (NGO), marked the International Women’s Day (IWD) with ‘Goal’ activities for female pupils from the Kaneshie Bishop 1&2 primary and Junior High School (JHS).
As part of the activities, 22 female staff from StanChart engaged 274...
The cedi has fallen into an unprecedented depreciation against its major trading counterparts, particularly the United States dollar, as analysis of the data shows it has seen its worst performance in the past seven years.
According to daily interbank FX rates (the day’s weighted average) published by the Bank of...
The Bank of Ghana has adopted a retail token-based central bank digital currency (CBDC) as the ‘eCedi of choice’, which enables the currency to be stored locally on a card, on a phone, or a smart device and can be passed on from one user to another.
The retail CBDC...
GCB Bank Plc has rewarded 56 individuals in its third monthly draw for G Money’s ‘Win Like a Gee’ promotion.
The 56, comprising 14 G-Money agents and 42 customers drawn from all parts of Ghana, were rewarded with TV sets, refrigerators, blenders, microwaves, smartphones and laptops for accumulating the highest...
Universal Merchant Bank (UMB), a leading indigenous Ghanaian bank yesterday feted its customers across Ghana on the occasion of its 50th-anniversary celebrations.
Customers and patrons of the bank were pleasantly surprised to be welcomed with refreshments as they transacted their business in the bank’s branches. Officials of the bank at...
Absa Group headline earnings more than doubled to R18.6 billion in 2021 (R8 billion in 2020), well in excess of 2019 earnings, as pre-provision profit increased and as the impairments charge reduced substantially.
The improvement in part reflects a stronger than expected economic recovery in South Africa, where Absa generates...
The cedi’s woes are set to worsen if current conditions persist, as it is likely to depreciate by more than 20 percent against its major trading counterpart, the dollar, in the next 12 months, RMB - the corporate and investment division of FirstRand Bank - is projecting.
This comes as...