In the ever-evolving landscape of the financial industry, banks around the world are embracing cutting-edge technologies to enhance customer experience and meet the diverse needs of their clients. Creditably, banks in Ghana are welcoming this transformation. At the forefront of this digital transformation is Artificial Intelligence (AI), a revolutionary...
posts GH¢32.8m after tax
Despite facing economic challenges in the year under review, Zeepay - a prominent player in cross-border payments operating as an innovative mobile money firm - grew its pre-tax profit to GH¢43.9million at the close of 2022, its annual report for the period has shown.
Following a...
…revolutionising the fintech landscape, one loan at a time
Small and medium-sized enterprises (SMEs) are the Ghanaian economy’s backbone, accounting for over 90 percent of businesses in the country. However, SMEs often face challenges in accessing credit - which can limit their growth and development.
In recent years, there has been...
With SEC’s go-ahead imminent
Letshego Ghana remains on course to issue another GH¢200million in corporate bonds, having received approval from the Bank of Ghana (BoG) its Chief Financial Officer, Poelo Mkpayah, has indicated.
The move will enable it to extend micro-credit to individuals and businesses, having disbursed GH¢13.6billion to 5.6...
Fidelity Bank, Ghana’s largest privately-owned indigenous bank, in conjunction with the eco.business Development Facility (the eco.business DF), Development Bank Ghana (DBG) and the Federation of Associations of Ghanaian Exporters (FAGE), has unveiled an ambitious and far-reaching export value proposition targeted at Ghanaian export-oriented businesses.
The partnership seeks to boost export...
The term “Building Back Better” has been increasingly and widely used in the context of the economic recovery from COVID-19 (WRI, 2020[) (We Mean Business Coalition, 2020). The notion originated in the context of recovery and reconstruction from physical disasters, with an emphasis on making preventative investments that improve...
... records growth in all indicators but DDEP effects ‘swallow’ profit
The Kumawuman Rural Bank PLC at Kumawu in the Sekyere Kumawu District of Ashanti Region has posted growth in all financial indicators in the 2022 year under review.
The Bank recorded profit before tax of a little over GH¢ 1.9million...
records 124.32% growth in profit
The Nzema Manle Rural Bank PLC at Aiyinase in the Ellembelle district of the Western Region has posted an impressive performance in most of its financial indicators for the 2022 year under review, recording a remarkable 124 percent profit after tax.
The bank recorded a...
Odotobri Rural Bank PLC has unveiled activities to mark the bank’s 40th anniversary celebration in a brief but colourful ceremony in Kumasi, Ashanti Region.
After 40 years since its operations to the public, the board of directors and management have lined up a whole week of activities to mark this...
The Confederation of African Football (CAF) has announced Ecobank, the leading pan-African banking group, as an official sponsor of the TotalEnergies Africa Cup of Nations Côte d’Ivoire 2023. The TotalEnergies CAF Africa Cup of Nations, the biggest event in Africa, will kick off on 13th January, 2024 in Côte...