The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has enjoined boards and shareholders of banks and other deposit-taking institutions to act quickly to address early signs of distress to mitigate the risk of failure, which has ramifications not only for depositors, but also for the stability of...
United Bank for Africa (Ghana) Limited has pioneered a new way of banking through a chatbot called Leo on WhatsApp and Facebook Messenger.
The historic launch of the product ‘Leo’ was done virtually through livestreaming on social media anchored by the renowned TV and radio personality Giovanni Caleb.
Speaking at the...
Stanbic Bank has donated COVID-19 items to three health care institutions to help in their fight against the pandemic. The institutions are Ghana Health Service (GHS), Cardiothoracic Unit of Korle Bu Teaching Hospital and the 37 Military Hospital.
The GHS got 5,568 units of Polymerase Chain Reaction (PCR) test kits,...
Republic Bank is on course to see its total assets race past the GH¢7billion mark for the first time, its Managing Director Benjamin Dzoboku has said.
If attained, it will represent a minimum of 37.3 percent and 12.5 percent increase over the GH¢5.1billion and GH¢6.22billion recorded at end-December 2022 and...
Group-based lending has proved to be successful in terms of quality loan portfolio, client’s growth and profits.
Besides, group-base lending addresses collateral security challenges faced by MSMEs and helps minimize the risk of liquidity stress of rural banks.
Despite the merits, group-based lending with inappropriate methodologies, weak group management, multiple borrowing,...
Government’s decision to exempt the security agencies from the unification of pension schemes could affect the sustainability of the three tier pension system, the sector’s regulator, the National Pensions Regulatory Authority (NPRA), has lamented.
Unification seeks to bring all parallel pension schemes under the three-tier system by 2021. But the...
CalBank has secured US$20million from the French Development Agency (AFD) through Sustainable Use of Natural Resources and Energy Finance (SUNREF) to support green projects in the country.
The bank would be offering loans to companies, organisations, individuals and households who intend to embark on any green projects in their offices...
The first prosecution witness in the criminal trial of former CEO and owner of defunct Beige Bank, Mike Nyinaku, has alleged that the accused person, in addition to the myriad of allegations levelled against him, also approved the physical transfer of US$200,000 from the bank’s vault to himself without...
It is such a pity that modern Ghanaian society has become so polarized that freelance writers and especially those who choose to write on banking related issues have to be extremely careful in what they write, when, and even how to write, lest they are branded as belonging to...
Nigeria: Easing cash crunch boosts manufacturing activity.
Ghana: Rice importation and cool market sentiments place downward pressure on the cedi.
South Africa: Weak U.S jobs data creates rand demand.
Egypt: Return of the current account surplus.
Kenya: World Bank to provide Sh40.8 billion to Kenya Power.
Uganda: Uganda has announced a new tourism initiative.
Tanzania:...