First National Bank Ghana, the nation’s leading mortgage provider, has signed Memoranda of Understanding (MOUs) with Real Estate Developers to collaborate on the provision of homes to Ghanaians as part of the bank’s ‘Year of Home Ownership’ (YOHO) initiative.
Under the ‘YOHO 2021’ initiative the bank is helping as many...
The Chief Executive Officer of Ghana Association of Bankers (GAB) John Awuah has urged banks to properly coordinate and collaborate to tackle the issue of financial illiteracy to help cure the low level of understanding of finance in the economy.
He said, coordinating efforts to be able to bring along...
Standard Bank, parent company of Stanbic Bank Ghana, has said the country may have to wait till 2024 to return to its deficit threshold of 5%. In its March 2021 Flash Note of the African Markets Revealed (AMR) report, Standard Bank reported that this is not an isolated case...
… forms part of measures to boost investor confidence post sector clean-up
Regulator for fund management firms in the country, the Securities and Exchange Commission (SEC), has said that as part of mandate to regulate and develop capital market operations as well as ensure the protection of investors, it...
DreamOval Limited, an African fintech company, recently obtained its enhanced Payment Services Provider (PSP) licence from the central bank of Ghana. The Payment Services Act 2019 requires all fintechs to be licenced by the Bank of Ghana before they can operate in the country.
The Enhanced Payment Services Provider Licence...
In recent months, there has been the resurgence of the publicly reviled idea of mobile money taxation. Proponents of the tax believe that Telco’s are making such astronomical profit that its almost sinful and morally wrong for the state not to partake of this profit.
Opponents of the tax are...
“Green is a process, not a status. We need to think of ‘green’ as a verb, not an adjective.”
------Daniel Goleman, PhD., Science Journalist & Author
Origins
Policy makers, in the last decade, have put a lot of effort into enhancing green financing with the main purpose of achieving economic growth...
… sees profit grow 341% in 2020
In what was a most unusual year - one that saw businesses across various sectors crumble under the weight of adverse economic strain brought about by the ongoing pandemic - the Agricultural Development Bank (ADB) has proven extremely resilient, posting a profit after...
… offenders to be severely sanctioned
All financial institutions, especially commercial banks, in the country are being investigated over money transfer breaches by the central bank, Philip Danso, Chief Manager at the Bank of Ghana’s Banking Supervision Department has said.
According to him, a very comprehensive work is being embarked...
Hits more than GH¢1bn in value
Regular mobile money platform also records GH¢67bn in value
The country’s largest cross-network payment platform - mobile money interoperability - has seen a record significant jump in transactional value in the very year the first case of the deadly coronavirus pandemic was recorded...