…safeguards financial system integrity Old Mutual Ghana, a leading insurance company, has paid a courtesy call on Ghana’s Financial Intelligence Centre (FIC) to reinforce their commitment to ensuring the integrity of Ghana's financial system. The visit’s purpose was, among other things, to address key issues regarding Old Mutual’s collaboration with...
First National Bank has announced the launch of a special campaign to reward customers ahead of the Total Energies CAF Africa Cup of Nations Cote d'Ivoire 2023 tournament. The bank is proud to unite with football enthusiasts in celebrating the spirit of sportsmanship, and encourages fans to support the...
The Chief Executive Officer (CEO) of FBNBank, Victor Yaw Asante, has urged the Bank of Ghana (BoG) to review some of its trade and documentation rules in order to make them relevant to the ever-changing financial sector space. Highlighting some specific rules that need re-examination, he mentioned trade threshold -...
Access Bank Plc has announced the completion of its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia (Atlas Mara), after obtaining all requisite regulatory approvals. Atlas Mara is now a wholly-owned subsidiary of Access Bank Zambia. Following this regulatory milestone, the two banks will continue to...
Guaranty Trust Bank (Ghana) Ltd. has established its presence in the Bono Region of Ghana by opening a branch in Sunyani to serve businesses, workers and residents. The newly opened branch is located at the Central Area Sector 2 Block C, Plot No.38 opposite the Greenlight Pharmacy, and is set...
Quick Credit and Investment Micro Limited, a leading financial institution in the country, has revealed that it disbursed a sum of GH¢1.7billion to its customers in 2023 compared to GH¢980million the previous year. This was announced during the company’s just ended end-of-year durbar that took place in Accra. It was...
Zenith Bank (Ghana) Limited has opened a new branch in one of the busiest districts in Accra, Madina. The branch which is the 41st business location to be opened by the Bank since its establishment in 2005 would serve the people of Madina and its surrounding communities. The new branch opening...
The integral position that financial technology (Fintechs) institutions have come to occupy in the financial sector cannot be overemphasised. In recent years, we have witnessed the proliferation of Fintech companies offering innovative solutions that include mobile payment apps, online payment gateways, point-of-sale (POS) systems, peer-to-peer (P2P) payment platforms, digital wallets,...
Over the last 15 years, one of the major developments that has revolutionized and disrupted the entire financial sector in Ghana is the emergence of Mobile Money Services (MoMo). Though MTN launched its Mobile Financial Services (MFS) in 2009, many Ghanaians were yet to warm up to it as a...
We are in a world where by the click of button, money is transferred from one jurisdiction to the other with ease. The emergence of digital payment platforms and money remittance services (Fintech) has changed the way we interact with money on daily basis. Technology has contributed to this...