Universal Merchant Bank (UMB) has been named among other universal banks with the lowest interest rate on loans offered to small and medium scale enterprises in the country, according to the Bank of Ghana “Annual Percentage Rates (APR)” report.
The central bank’s 2021 Annual Percentage Rates (APR) report (BoG) revealed...
United Bank for Africa (Ghana) has been awarded the number one in prepaid cards in Ghana by technology partners, Global Technology Partners (GTP).
Presenting the award, Ike Anison, SVP, Head, Acct Mgt, Global Technology Partners, mentioned the flexibility of GTP and how they bend backwards to support partners like the...
A recent directive to financial institutions in Ghana the Bank of Ghana underscored the importance of risk management to the health of banks including Rural Banks and other deposit taking institutions in Ghana.
Banks are enjoined to set up a risk management department to identify, isolate and mitigate risks inherent...
Managing Director for Best Point Savings and Loans, Dr. Fred Safo-Kantanka has disclosed that his outfit has put measures in place to support Small and Medium Enterprises (SMEs) to boost their growth.
He said this is part of their target for 2022 because the role of SMEs in ensuring the...
Provisional data released by the Ghana Statistical Service (GSS) shows that the country’s real Gross Domestic Product (GDP) increased by 6.6% in quarter three (July to September) of 2021 compared to the same period in 2020.
According to the GSS, when seasonally adjusted, Ghana’s real GDP increased by 1.6% in...
In 2017, I started a business and was dealing in corporate wears and accessories. I also retail home and office furniture and construction hardware. My name is Cecilia Blankson, owner of Ceda De-Ventures, my shops are in the Takoradi Shopping Mall.
My shop was located outside the central business center,...
The Managing Director of FBNBank Ghana, Victor Yaw Asante has stated at a Thanksgiving Service to round up activities for the Bank’s 25th anniversary celebrations that “2021 has been a remarkable year for FBNBank Ghana, stating that God was very faithful.”
Outlining the developments within the year which were centred...
The National Labour Commission(NLC) has ordered the National Investment Bank (NIB) to compensate a former worker of the bank, Senyo Adjabeng with 12 months basic salary.
The order follows a complaint from Mr. Adjabeng who stated that he was demoted to the role of Manager, Performance Development and Training to...
Managing Director of Absa Bank Ghana, Abena Osei-Poku has dispelled the myth that the transition to digital technology is leading to perpetual job losses. She said whilst the tectonic shift to global digitalisation is affecting jobs, it is also creating new streams of employment for the benefit of the...
Response from the Research Department, Bank of Ghana
The Bank of Ghana’s attention has been drawn to a recent article published on JOY FM online platform (myjoyonline.com) with the caption: “Bank of Ghana has lost focus”, and which has since been republished by other media houses and circulated widely...