…as only 7% of funds recovered so far After spending some GH¢25billion of taxpayers’ money to settle depositors of various financial institutions in a radical clean-up, only GH¢1.7billion of that cash has been recovered so far in almost four years since the beginning of that exercise - a situation the...
… approves GH¢66 million as dividends at 27th AMG The first and largest indigenous bank in the country, GCB Bank has credited its digitalisation drive, particularly its telco-independent digital mobile money wallet, G-Money as well as the GCB Mobile App for its 23.5% growth in total assets for full-year...
The Agricultural Development Bank (ADB) has been awarded the One District, One Factory (1D1F) Financial Service Provider of the Year at the 2021 Ghana Manufacturing Awards (GMA), held at the Kempinski Hotel, Gold Coast City in Accra. The honour affirms the Bank’s support to businesses under the government’s flagship industrialisation...
…bags GH¢11.5million profit in a pandemic Amenfiman Rural Bank Limited at Wassa Akropong in the Wassa Amenfi East district of the Western North Region has posted yet another very remarkable operational performance in the 2020 year under review. The year under review’s operational performance has been described as the greatest achievement...
The United Bank for Africa Ghana Ltd has unveiled a state-of the-art sanitary facility with a borehole at the cost of GH¢130,000 for the people of Attrubuto in the Damongo township, in the West Gonja Municipal Assembly. The Bank constructed the facility to aid curb the nuisance of open defecation...
The Monetary Policy Committee of the Bank of Ghana has, in a rather surprise turn of events, cut the monetary policy rate by a 100-basis points, against predictions by analysts that the recent fuel price increments and upward adjustment in taxes may keep the rate at its former figure. The...
The Monetary Policy Committee(MPC) of the Bank of Ghana (BoG) has lowered the policy rate for the first time since March 2020 to 13.5 percent from 14.5 percent. According to the committee, it took the decision to help achieve its inflation target. “Under these circumstances, the Committee decided to lower the...
As part of activities to celebrate a year of possibilities, Absa Bank Ghana is supporting 10 selected schools across the country with Personal Protective Equipment (PPE) and water tanks to help the students apply the necessary health protocols to help the fight against COVID-19. The anniversary initiative worth GH¢120,000 is...
Romeo Richlove Kweku Seshie, the CEO of Quick Credit & Investment Micro-Credit Limited has been named the Outstanding Micro-Credit CEO of the Year at the Entrepreneur and Corporate Executives’ Awards 2021. “It is an exciting moment for me and my management when we reflect on all the hard work and...
Abstract The post- independence failure of development finance institutions in Ghana in the 1980s and 1990s meant that they all but disappeared from the development agenda. However, there are still a large number of development banks worldwide in countries such as Brazil, India and Chile that operate with various degrees...