Ghana local currency bonds (GHGBs) have had a spectacular start to the year, compressing by 125bp, outperforming North and East African peers such as Egypt and Kenya whose bonds have ticked up by c. 20bp. “Offshore appetite for local currency debt in addition to consistent BOG interventions via the spot...
The Managing Director of FBNBank Ghana, Mr. Victor Yaw Asante, has stated that Ghana needs professionals with integrity who will work diligently in order to make significant contributions toward the country’s much-needed economic development and growth. Mr. Asante was delivering the keynote address at the Induction Ceremony and 53rd Annual...
Letshego Ghana, which is a subsidiary of Letshego Africa (Letshego Group) and advocates for education affordability, has launched the ‘Reduced Rates Edition Back-to-School Campaign’. This campaign will run from January to April 2024 and specifically cater to all government-salaried employees. Recognising the financial difficulties families face during the back-to-school period,...
Ecobank Ghana and the Devtraco Group have signed a mortgage financing agreement under which Ecobank will provide exclusive financing arrangements to would-be homeowners desirous of patronising luxury and middle-income homes from Devtraco Plus & Devtraco Limited. The agreement, which was signed at the ultra-modern head office of Ecobank in Accra,...
By Juliet ETEFE First National Bank is set to bolster the skills of business and financial journalists through a pioneering initiative in collaboration with the University of Media, Arts, and Communication (UNIMAC-GIJ). Ahead of the inaugural workshop for business journalists dubbed ‘First National Bank Journalism Academy’, the bank visited the...
The Council of the Ghana Stock Exchange (GSE) has appointed Ms. Abena Amoah as Managing Director of the Exchange, with effect from November 24, 2022. Ms. Amoah will take over from Mr. Ekow Afedzie, the current Managing Director, who will retire from the Exchange on November 23, 2022 after 32...
By Richard NUNEKPEKU At the Ghana Fintech 23 Awards night, the organizers did something novel - organized a debate. It was a debate on the topic “balancing innovation and compliance in creating a digital economy”. The “innovation” team went up fiercely against the “compliance” (regulation) team and the audience...
Fidelity Bank, the nation’s largest privately-owned bank, has transformed the learning environment for students at Abbeykope D/A Basic School in the Ningo Prampram District. Through its impactful ‘Orange Impact’ initiative, the bank constructed a brand new 3-unit classroom block, renovated the existing 6-unit block and installed a rainwater harvesting...
Banks must forge a common front rather than see themselves as competitors when it comes to the issue of combatting cybercrime, Mrs. Mansa Nettey-Chief Executive Officer (CEO) Standard Chartered Bank, has said. Speaking at the bank’s first-ever forum on digital banking and cybersecurity in Accra, Mrs. Nettey said cybersecurity is...
The GCB Bank Limited has denied reports making rounds on social media, suggesting that the bank has transferred money amounting to GHS52.5 billion to unknown sources. According to the bank, the false report comes from a doctored letter dated 5th October, 2020 purportedly emanating from the Ghana Audit Service, saying...