By Ebenezer Chike Adjei NJOKU ([email protected]) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move...
By Joshua Worlasi AMLANU Bank of Ghana (BoG) has thrown the spotlight on the urgent need for a shared commitment to combat the rising tide of digital and mobile money fraud in Ghana's financial sector. Dr. Kwasi Osei-Yeboah, Head of the Financial Stability Department, rallied for a collective action to...
Fidelity Bank Ghana has been recognised by Ianmatsun Global Services at a ceremony held at the Kempinski Gold Coast Hotel for its steadfast commitment  to gender equality. The bank secured a coveted spot among the top 50  employers for gender equality in Ghana and achieving the prestigious distinction of Gender...
OmniBSIC Bank Ghana LTD successfully hosted the inaugural Chinese Business Seminar themed ‘Banking with Ease’, solidifying its commitment to fostering robust ties with the thriving Chinese business community in Ghana. The seminar, held on Friday, March 22, 2024 at Tang Palace Hotel, convened seasoned entrepreneurs, innovators and business leaders from...
By Mohammed AWAL ([email protected]) Professor John Gatsi, an economist and lecturer at the University of Cape Coast, has highlighted the significant role of Islamic banking in promoting diversity within the bond market. He advocates a revision of banking sector regulations to incorporate the fundamental principles of Islamic banking which, he believes, will...
Stanbic Bank Ghana has announced an investment of GH¢6.5million in community projects and initiatives across the country. Spanning education, health, youth empowerment, financial literacy, entrepreneurship, agriculture and youth enablement, these initiatives aim to contribute to the development of communities in which the bank operates. This was contained in the...
Access Bank surpassed GH¢1billion in profit before tax (PBT) for the first time in the fiscal year ending 2023. This feat, the bank stated, underscores its dedication to excellence and its adeptness in navigating complex economic environments. The bank's financial performance for 2023 reflects growth across various metrics. During the year under...
By Kwami AHIABENU ll Innovations thrive at the speed of interactive communication. Previously, most FinTech services were positioned in various silos; this is based on historical antecedents of banking where various banking services were intentionally built to be independent for several good reasons, including security concerns. Change took place, and systems...
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and...
A recent PwC report shows that although the banking sector is making progress toward gender equality, there is still a significant climb to reach anywhere near gender parity. Titled ‘Changing Currency’, the report with the tagline ‘examining trends and challenges of female participation in Ghana’s banking sector, sheds light on...

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