The Registrar-General will this morning have an investor class meeting with customers of defunct Fund Management Companies. The meeting is to discuss the government's bailout plan for investors of the various defunct fund management companies. Investors can join the virtual meeting through specially designated links to understand government's plan from the...
After years of contemplating whether to acquire an existing insurance company in Nigeria to kick-start operations in the country or not, Enterprise Group has settled on the acquisition of a new licence to start insurance business in Nigeria from next year. Keli Gadzekpo, Group Chief Executive Officer, explained that the...
The Registrar-General will today, Wednesday, November 25, 2020, meet investors of eight Fund Management Companies for Creditor Meetings. Investors can join the virtual meeting through specially designated time slots and specially created ID’s. The eight fund Managers include Unisecurities Ghana Limited, EM Capital Partners, Heritage Securities Limited, Corporate Hills Investment Limited...
New data from the Bank of Ghana (BoG) have revealed that despite the pandemic generally slowing down momentum of the economy, coupled with the upcoming general election, businesses remain confident about economic prospects as indicators show activities have picked up months after COVID-19-related restrictions were eased. The Bank’s Composite Index...
The President of the Association of Rural Banks, Mr. Daniel  Ohene  Kwaku Owusu, has appealed to the Bank of Ghana (BoG) to re-consider reviewing its directive to rural and community banks (RCBs) to halt the payment of dividend for 2019/2020 financial year. According to him, while the intention is to...
Fiscal rule to be suspended for three years The Monetary Policy Committee (MPC) of the central bank has, for the fourth consecutive time, maintained the policy rate, saying, any slight cut of the figure will prove inimical to the economy as investors will not be willing to buy government...
…presents opportunity for industry partnerships Contrary to sentiments expressed by some players in the insurance industry - that the proposed recapitalisation exercise will put a strain on existing firms, a proper understanding of the rationale behind it and its potential impact shows that the move bodes well for the industry,...
Absa Bank Ghana and the Mastercard Foundation have formed a partnership aimed at stimulating the growth of micro, small, and medium enterprises (MSMEs) to create access to 50,000 dignified and fulfilling jobs for young people in Ghana. The partnership seeks to build the capacity of 5,000 MSMEs, especially women led...
The Monetary Policy Committee(MPC) of the Bank of Ghana(BoG) has maintained the policy rate at 14.5 percent. The Governor of the Bank of Ghana, Dr. Ernest Addison made the announcement at a press conference in Accra. According to him, “the macroeconomic conditions have generally improved relative to conditions at the time...
… SC Mobile app named Mobile Banking App of the Year Standard Chartered Bank Ghana Limited was named the Digital Bank of the Year during the 2020 Ghana Information Technology & Telecom Awards (GITTA) while its robust and secure mobile banking platform, SC Mobile, was declared Mobile Banking App of...