The Agricultural Development Bank Limited (ADB) has presented a cheque of GH¢50,000 to the Tolon District Hospital in the Northern Region. The donation, which was in response to a request by the newly established Hospital, is to support them in the effective running of the facility. Making the donation on behalf...
Absa Bank’s Managing Director, Abena Osei-Poku, has started 2022 just like she ended 2021 - relentlessly finding new ways to better serve clients and customers. With 2022 already halfway through its first month, Mrs. Osei-Poku has engaged a diversity of the bank’s clientele base on how their year has...
“...I say, that Power must never be trusted without a check.” ― John Adams, Adams-Jefferson Letters This article is an extract from one of the chapters in my book- “The Modern Branch Manager’s Companion” published in March, 2021. Segregation of duties is an ever-ready principle in banking that sometimes get under-rated. Please...
Chief Executive Officer of the Ghana Association of Banks (GAB), John Awuah has described the Bank of Ghana’s directive to use the Ghana Card as the only identification card in undertaking financial transactions as a step in the right direction. He said the development is crucial to the strengthening of...
BezoMoney, Ghana’s leading fintech provider of out-of-the-box financial tools and solutions for young people and the unbanked has launched its new savings platform, BezoSusu. The platform allows users to make deposits through their mobile money wallets or bank accounts, track and monitor the growth of their money and eventually reach...
Occupational fraud is still a problem in the workplace. It encompasses a wide range of undercover crimes committed by employees at all levels of a company's hierarchy. Corporate scandals fuelled by a dysfunctional board of directors and/or management team result in external and widespread harm. Even if it entails misleading...
Financial analysts have advised government to turn to borrowing from the domestic economy as alternative financing - but only in the short-term, since such a move will definitely lead to crowding out the private sector. While at it, government should also introduce programmes that will stimulate the private sector. According...
A projected amount of over GH¢2.5billion of oil revenue will be allocated to government through the Annual Budget Funding Amount (ABFA), following approval of the 2022 Budget by Parliament. This on the back of an estimated petroleum benchmark revenue of US$1,006.1million for 2022. It is made up of Royalties of...
The Bank of Ghana (BoG) has directed that all customers without the Ghana Card will from July 1, 2022 be denied access to all banking and financial services at any institution under oversight of the central bank. A public notice released by the bank on January 19, 2022 has instructed...
The National Investment Bank (NIB) has made significant progress on its roadmap aimed at transforming the bank into a world-class financial institution. The transition plan, which forms part of a broader transformation programme, is designed to redirect the bank’s focus to supporting the country’s industrial development. The transformation programme will...