Monday, July 4, 2022
NPL ratio to reduce Interest rates to drop Private sector to be biggest beneficiary  The government’s roadshow to raise a bond to clear the much talked about energy sector debt, which is in excess of US$2.5billion, has excited bankers. The roadshow for the long-awaited bond issuance saw some...
The Kumawuman Rural Bank Limited at Kumawu in the Sekyere Afram Plains district of Ashanti Region is set to rollout hybrid Automated Teller Machine (ATM) services at some of its branches. This is in fulfillment of government’s rural branchless banking project, and the bank has completed all documentations and signed...
GTBank Ghana, the Digital Bank of the Year, has swept five prestigious awards at the recently concluded CPI Financial’s Banker Africa–West Africa Banking Awards. The awards came after an intensive voting exercise involving more than 13,000 votes across the banking industry in the West African region. This year’s awards saw...
First National Bank, a division of FirstRand group, (which is the largest financial institution in Africa by market capitalisation) has been adjudged The Most Innovative African Bank at the 2017 African FinTech Awards for the second year in a row. The African FinTech Awards recognizes innovative and disruptive financial technology...
HFC Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has signed a Memorandum of Understanding with the University of Ghana to provide support in the beautification and soft landscaping of the Recreational Quadrangle and J.B. Danquah Avenue of the university. Giving a brief background to the partnership, Dr. Benjamin...
Parliament is expected to task the regulatory bodies in the financial sector – Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) – to not hesitate in dealing with recalcitrant players to maintain sanity and trust in the industry. A source close to the Finance Committee of Parliament...
The Executive Director of Enterprise Life, Jacqueline Benyi, has said industry will have to invest in academia if the link between the two is to yield mutually beneficial results. “We acknowledge the fact that universities and companies have different business models; however, we are very much aware that some investment...
The one hundred and forty-one rural and community banks in the country have almost the same operational ideologies with similar concepts offering identical products, but with different board composition and management. The industry has made very significant financial impacts since its inception about forty years ago, and has brought financial...
The central bank says government’s inability to meet its projected revenue performance poses considerable danger to government’s fiscal consolidation efforts. Revenue and grants performance for the first seven months of the year – GH¢20.8billion is more than GH¢3.2billion short of the GH¢24billion target for the period under review. According to the...
The Controller and Accountant General’s Department (CAGD) has signed a Memorandum of Understanding (MoU) with the Ghana office of the world’s leading accountancy body – the Association of Chartered Certified Accountants (ACCA) – to train its staff on proper accountancy and finance procedures. Speaking to the B&FT after the signing...
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