Allowing for more exchange rate flexibility can help reduce FX borrowing needs, as well as lower the FX risk premium in domestic interest rates, the International Monetary Fund (IMF) has recommended.
“Greater exchange rate flexibility, with interventions limited to smoothing sharp fluctuations, can help reduce FX borrowing needs as well...
Release of funds will improve
profitability levels,
Capital Adequacy
Rural Banks in Ghana have exhibited resilie5qnce and continue to stand the test of time and have worked in the interest of their customers and shareholders as per their legitimate mandate as banks operating in our communities and serving critical financial...
Societe Generale Ghana PLC has held its 41st Annual General Meeting virtually at the Head Office of the Bank in Accra, using the occasion to account to shareholders and while discussing the bank’s performance for the year 2020.
The Chair of the Board of Directors, Mrs. Margaret Boateng Sekyere in...
Rural and Community Banks, RCBs, have been advised to as a matter of priority pay extra attention to development of the various communities in which they operate.
RCBs have further been urged to increase their CSR budgetary allocations to the communities in which they operate, because CSR projects are the...
…but call for further engagement ahead of implementation
Banks in the country are optimistic that introducting the Bank of Ghana’s (BoG) e-cedi will facilitate low transaction costs, improve security of payments as well as enhance higher monetary transaction limits, the 2021 PwC Ghana Banking Survey Report has revealed.
According...
The Agricultural Development Bank Limited (ADB) has been adjudged the best Cocoa Financing Institution of the Year at the Ghana Cocoa Awards (GCA).
The award was in recognition of the bank’s contribution towards providing Licensed Buying Companies (LBCs) and local farmers with the needed financial assistance to purchase cocoa and...
Dividend is the life-blood of every shareholder and an indispensable factor or influence that gives strength to their shareholding or investment.
To contain impacts of the COVID-19 pandemic, the Bank of Ghana in March 2019 directed banks and SDIs to desist from declaring or paying dividends and from making other...
The attention of Ecobank Ghana PLC has been drawn to some online publications on an application for the committal for contempt filed by one Daniel Ofori against the Managing Director, Head of Legal Department and a Legal Assistant of the Bank.
The said application was served at the Bank on...
FBN Bank Ghana has said it is all set to start its partnership with government to implement the YouStart initiative come March 2022.
Speaking in an interview with the B&FT at the grand opening of its newest branch at Atomic Junction-Accra, Chief Executive Officer for FBN Bank Ghana, Victor Yaw...
Fidelity Bank in partnership with MTN MoMo has upgraded its Y’ello Save Account with a savings plan feature to encourage customers to adopt the habit of saving.
The upgrade offers Customers the opportunity to set up a standing instruction on their Y’ello Save Account to automatically debit a specified amount...