The Chief Executive of Stanbic Bank, Kwamina Asomaning, has met with some clients of the bank in the Bono Region capital of Sunyani, as part of the bank’s commitment to building strong partnerships which spur growth in different sectors of the Ghanaian economy.
Mr. Asomaning, who was accompanied by the...
Digital transfer payments, including overseas remittances will play an increasingly crucial role in the post-pandemic financial landscape as the role of cash begins to dwindle, and there is the need for improved regulation to curb illicit flows, Gbenga Okejimi, Country Manager, Nigeria and Ghana at WorldRemit, has said.
“People have...
The second Intra-African Trade Fair (IATF2020) initially scheduled for September 1 – 7 2020 in Kigali, Rwanda has been put off to September 2021.
The organisers of the biannual trade event African Export-Import Bank (Afreximbank), the African Union (AU), and the host of this year’s event the Government of Rwanda...
Calls for reevaluation of pricing model of risky assets
Member of Parliament for Nhyiaeso Constituency, Dr. Stephen Amoah, has called for re-evaluation of the pricing model for government short-term bills, saying the high rates they offer are among the reasons cost of lending is so expensive.
He said for wider...
“Learn everyday, especially from the experiences of others. It is cheaper’… Jim Bogle
Dear Reader, I hope my last article refreshed your memory of some basic banking concepts which can never be replaced or done away with. The fraud case involving the American banking officer happened in a traditional...
... records 508% growth in profit
The Ahafo Ano Premier Rural Bank PLC at Mankranso-Wioso in the Ashanti Region has recorded impressive operational performance in all financial indicators for the 2022 year under review.
Operational performance
The bank has recorded a profit after tax of almost GH₵527,000 from a loss position...
International funds transfer or remittances is common with migration, the transfer of funds by cross border migrants to their families and loved ones in their countries of origin. Remittances have thus been recognised as an important source of income for people living in developing countries.
Despite going to individuals and...
The President of the Ghana Football Association (GFA), Kurt E.S. Okraku, has paid a courtesy call on the Chief Executive of First National Bank Ghana, Dominic Adu.
The visit was to seek support from First National Bank in the development of Ghana’s football, foster a mutually beneficial relationship between the...
The banking industry’s performance has defied the general economic downturn with strong growth across key metrics including total assets and deposits, as well as sustained improvement in profitability within the industry during the first half of 2022.
Available data from the latest Monetary Policy Report (MPR) for the half-year of...
The cedi has fallen into an unprecedented depreciation against its major trading counterparts, particularly the United States dollar, as analysis of the data shows it has seen its worst performance in the past seven years.
According to daily interbank FX rates (the day’s weighted average) published by the Bank of...