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...
By Samuel Lartey( Prof.)
[email protected]
In recent years, the Bank of Ghana (BoG) has taken significant steps to strengthen corporate governance within the country’s banking sector. With a series of reforms aimed at fostering stability, transparency, and long-term resilience, BoG’s regulatory oversight has been essential in addressing past governance lapses that...
Let us face it, the Domestic Debt Exchange Programme (DDEP) has turned the fixed-income market on its head. Remember when we all thought government securities were as safe as houses? Well, that idea has been shaken up, hasn't it? But not to worry, it is not all doom and...
By Afia Gyapomah TWUMASI
The traditional financial system, led by brick-and-mortar banks, has historically supported economic growth. However, it could not enable access for many to be financially included and was saddled with service inefficiencies.
Over the last decade, technological innovations like ATMs, online banking, and mobile banking were deployed to...