Asset Under Management up 122%
as benchmark outperformed with refuge sought in fixed income
Indigenous mutual fund, CM Fund, made a return of 14.97%, as its price closed the full year 2020 at GH¢1.3670 from GH¢1.1890, at the corresponding period of 2019. Consequently, the Fund outperformed its benchmark; the...
FBNBank Ghana Limited, a subsidiary of First Bank of Nigeria Limited, has announced the appointment of Ms. Rosie Ebe-Arthur to its Board of Directors as a Non-Executive Director following Bank of Ghana approval.
Ms. Rosie Ebe-Arthur, a Fellow of the Chartered Institute of Personnel and Development (UK), joins the FBNBank...
Board Chairman of ARB Apex Bank Limited, Dr Toni Aubynn who is also the Board Chairman of Amenfiman Rural Bank, has urged the government to consider a collaboration between the new Development Bank and rural and community banks for its successful implementation of core mandate.
Dr Aubynn is of the...
A lawsuit filed against Gold Coast Fund Management Ltd. (now Blackshield Capital Management) has taken an unusual twist as the plaintiff, who is a former client of the asset management firm, has subscribed to the government bailout package while the matter is still in court.
Documents the B&FT has acquired...
The Financial Intelligence Centre (FIC), the institution mandated to combat Money Laundering and Terrorism Financing (ML/TF), has said that Ghana will consolidate the gains on the Anti-Money Laundering (AML) reforms.
Speaking at separate sensitisation workshops organised by the Centre for the banking and real estate sectors, Chief Executive Officer of...
The International Finance Corporation (IFC) has outlined its new strategy for Ghana in the medium-term, which seeks to pump some US$1.5billion into the economy to support the private sector as the country seeks to bounce back from the devastation of the pandemic.
The medium-term programme, Finance Minister Ken Ofori-Atta said,...
MTN Ghana carried the day by winning seven awards at the 6th Africa Finance Innovation Awards held at the weekend, making the organization the highest recipient of the night.
MTN received awards in the following categories;
Investor Relations Team of the Year
Corporate Performance Team of the Year
Finance Team...
The 2021 budget statement was for the first time presented in Parliament by someone other than a substantive finance minister – thus, the Minister of Parliamentary Affairs, Osei Kyei Mensah Bonsu on Friday, 12th March 2021. In his recitals, Osei Kyei Mensah Bonsu revealed that government has decided to...
The Mastercard Foundation, an independent non-profit organisation, has announced its intention to allocate US$1.3billion in partnership with the Africa Centre for Disease Control and Prevention (Africa-CDC) over the next three years to assist in the fight against COVID-19 pandemic and economic recovery on the continent.
The initiative, which is dubbed...
The Asantehene, Otumfuo Osei Tutu II, has during a courtesy call on him by the Managing Director of FBNBank Ghana and his team intimated that the Traditional Council is facilitating the perfection of leases, to enable businesses and property owners access credit from banks at one-third the usual cost.
During...