Nsoatreman Rural Bank PLC has reported an impressive financial performance for the year ending December 2023, with notable growth across its deposits, assets, and loan portfolios.
Addressing shareholders at the bank's 34th Annual General Meeting, Board Chairman Daniel Hinneh highlighted the bank’s resilience, commitment to community-centered banking, and forward-looking strategies.
Despite...
The rise in loan under-recoveries, a development that threatens financial stability and credit availability, is being strenuously tackled by the Bank of Ghana (BoG).
Indeed, ongoing collaboration with key stakeholders including commercial banks, non-bank financial institutions and regulatory bodies to develop effective strategies that mitigate the impact of rising non-performing...
By Deborah Asantewaah SARFO
Managing Director-Ghana Stock Exchange Abena Amoah has assured that the Exchange is actively partnering with fintechs to develop solutions which make investment instruments accessible,while driving investors' participation on the market.
She made this digitalisation agenda known while speaking at the 34th anniversary of GSA under the theme...
The Development Bank Ghana has rejected claims that it had misused funds allocated for its operations by the country’s development partners.
In a statement, the bank described the media reports containing what it calls “significant inaccuracies and falsehoods” about its activities, stating that these undermine the institution's commitment to transparency...
Fidelity Bank, Ghana's largest privately-owned indigenous bank, has partnered with the United Nations Population Fund (UNFPA) to support the Partnership to End Fistula in Ghana (PEFIG).
The bank has made an initial contribution of GH¢50,000 towards the seven-year partnership, which aims to prevent, treat, and reintegrate women affected by obstetric...
By Juliet Aguiar DUGBARTEY
The Ahantaman Rural Bank Plc has held its 40th Anniversary Symposium to exchange knowledge and ideas between stakeholders and customers.
It was on the theme 'Forty years of Ahantaman Rural Bank - impact on stakeholders and the community'.
Eric Daning Esq., Board Chairman of the Bank, explained that “the...
By Korede SOTUBO
The emergence of Central Bank Digital Currencies (CBDCs) introduces transformative potential for international business, particularly by enhancing cross-border transaction efficiency, reducing costs, and minimizing currency exchange complexities.
Unlike traditional digital currencies, CBDCs are government-backed, which offers greater stability and reliability for international transactions (Auer et al., 2021).
For...
In the latest Stanbic Bank Africa Trade Barometer (SB ATB) rankings, Ghana declined; highlighting growing trade challenges in the country.
Ghana slipped from 3rd place in May 2023 to 7th for August 2024, marking a significant drop from its near-top position in September 2022 and indicating deteriorating perceptions of trade-related...
By Seth KRAMPAH, Kumasi
The Association of Rural Banks, CEOs and directors of rural and community banks are set for the 23rd Biennial General Meeting (BGM) and the 5th Rural Banking Excellence Awards.
The much-anticipated event which has been scheduled for tomorrow Friday, November 15th and 17th will be held on...
FirstBank Ghana has announced its support for the 89th Ghana Open Golf Championship with a sponsorship for the event. The prestigious four-day tournament will commence on Wednesday, November 13, 2024, and will climax on Saturday, November 16, 2024, at the Royal Golf Club in Kumasi.
This year’s championship promises to...