The World Bank last week approved US$250 million from the International Development Association (IDA) to support the establishment of the Development Bank of Ghana (DBG) to increase access to long term finance and boost job creation for 10,000 enterprises in key sectors including agribusinesses, manufacturing and high value services.
“By...
Arnold Parker, CEO of Letshego Ghana, has stepped down from his role as he seeks to pursue external interests.
Recognising Arnold Parker’s long-standing contribution and commitment, Fergus Ferguson, Letshego’s Regional Chief Executive Officer for East & West Markets, commented: “Having led our Ghana business strategy and operations for eight years,...
Banking Consultant Dr. Richmond Atuahene has warned that banks operating in the country could face insolvency if the International Financial Reporting Standard (IFRS) 9 is applied strictly, following their participation in the Domestic Debt Exchange Programme (DDEP).
Already, there are indications that foreign-owned banks, including South Africa-based Standard Bank and...
records impressive growth in all financial indicators
The Juaben Rural Bank PLC in the Ejisu-Juaben municipality of Ashanti Region has recorded remarkable growth in all operational indicators for the 2022 year under review.
The bank recorded a profit before tax of approximately GH¢5.1million in the 2022 reviewed year as against...
The Commercial Division of the Accra High Court has ordered the International Finance Corporation (IFC) and the OPEC Fund to open their defence within nine days in the suit brought against them by Quantum Oil Terminals.
The court last Friday ruled that IFC and OPEC Fund could no longer commence...
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...
Nigerian President lauds Bank for standing tall among multilateral development banks and international financial institutions
The African Development Bank provided a much-needed lifeline at a time when it was very difficult to secure budget support loans from anywhere else, as the country struggled with the 2015-2016 economic recession, the Nigerian...
TV personality, Berla Mundi in association with Absa Bank has introduced a fun bi weekly financial titbit series on social media. Dubbed as ‘Berla Absa Tuesdays’, the series aims to give financial advice to help her fans, and the general public, to make better choices in life.
The first episode...
The Managing Director of Republic Bank (Ghana) PLC, Mr. Farid Antar, has been recognized as CEO of the Year 2021 - Private Bank Category in Ghana. The award was conferred on him at the Corporate Ghana Awards 2021 held at the Movenpick Ambassadorial Hotel in December, 2021.
The award is...
Perry Addo-Quaye, Regional Director at Network International, a leading digital payment solutions provider, is confident WhatsApp banking is the game changer that will present traditional financial institutions the opportunity to improve on financial inclusion and provide services to the underbanked.
He stressed that access to financial services is a critical...