The attention of the general public is drawn to the publication of persons having accounts with Zenith Bank (Ghana) Limited that have not been operated for a minimum of five (5) years and are classified as dormant in accordance with the Banks and Specialised Deposit-Taking Institutions Act 2016 (Act...
The Bank of Ghana (BoG) has warned the public against doing business with a fraudulent money doubling scheme operating in Ghana under the pseudo name “Worldremit”.
According to the central bank, this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of international fund...
The African Export-Import Bank has embarked on a US$6.5billion General Capital Increase (GCI) to expand its capacity to deliver on its core mandate and diversify its range of services.
The GCI will enhance the Bank’s capacity to support procurement of COVID-19 vaccines for the continent, bolster post-pandemic recovery efforts for...
On Friday, 9th July 1976, Nyakrom Rural Bank in the Central Region became the first born of all rural banks. This implies that the rural banking sector is 46 years old. “Rural and Community banking was conceptualized at a time when access to bank credit for farmers and traders,...
As part of its 15th anniversary celebrations, Fidelity Bank, Ghana’s largest privately-owned indigenous bank, has unveiled a series of exciting Christmas offers to appreciate its loyal customers. Targeting small businesses and salaried workers, Fidelity’s aim is to make the holiday season especially merry for its customers.
During the Christmas season...
BezoMoney, Ghana’s leading fintech provider of out-of-the-box financial tools and solutions for young people and the unbanked has launched its new savings platform, BezoSusu.
The platform allows users to make deposits through their mobile money wallets or bank accounts, track and monitor the growth of their money and eventually reach...
Data published by the Bank of Ghana (BoG) has revealed that the value of mobile money transactions has dropped by GH¢3.2 billion in December last year, less the one month after Finance Minister, Ken Ofori-Atta, announced in the 2022 budget of an electronic transfer levy (E-Levy).
According to the report,...
A new report from the World Bank has revealed that Ghana will not be among the largest gainers from the African Continental Free Trade Area (AfCFTA) due to its smaller manufacturing base and underdeveloped transportation infrastructure, especially, railways.
According to the report titled ‘Africa in the New Trade Environment’, countries...
Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has called on women to leverage opportunities that digitisation provides - as she says this is a sure way of bridging the gender equality-gap and increase their participation in economic activities.
Speaking on the theme ‘Women as Builders of...
Absa Group headline earnings more than doubled to R18.6 billion in 2021 (R8 billion in 2020), well in excess of 2019 earnings, as pre-provision profit increased and as the impairments charge reduced substantially.
The improvement in part reflects a stronger than expected economic recovery in South Africa, where Absa generates...