…introduces mortgage loans for land acquisition
HFC Bank Ghana Limited has promised to make Mortgage loan processes simpler and faster to provide a better experience for existing and new applicants.
This according to the bank, will cut short the long and cumbersome process new and prospective applicants for mortgage go through...
The central bank has endorsed plans by government to merge the operations of ADB and the National Investment Bank (NIB) to meet the new GHS400 million minimum capital requirement.
Dr. Ernest Addison told the press on Monday that he sees nothing wrong with government’s plans to merge the operations of...
GH¢5bn in total circulation, up from GH¢20.5bn in 2018
GH¢276m, GH¢149m worth of GH¢200 and GH¢100 notes in circulation
GH¢50 note is highest in system at GH¢9bn
A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of...
The Central bank has announced the establishment of a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda. The regulatory body said the emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively. The setting...
Changes made to loan agreements without notice
Borrowers not provided pre-agreement contracts
Exposing customer details to third parties
Unfriendly environment for the physically challenged
The Bank of Ghana has released a report that reveals some banks are engaging in serious unprofessional conducts that violate the regulator’s guidelines on customer...
Ghana Home Loans has transformed into a universal bank, to be known as GHL Bank, and is hoping to use its new deposit taking position to mobilise funds and be able to offer cheaper mortgages.
Albert Essien is the Board Chairman of the new bank, and at its launch, he...
Hello Readers, have you observed the latest catchy adverts on radio in respect of the new marriages between telephone companies (Telcos) and financial institutions? I find them very fascinating because barely two years ago, there was a turf war between the telco giants and banks, with so much suspicion...
The Executive Director of Enterprise Life, Jacqueline Benyi, has said industry will have to invest in academia if the link between the two is to yield mutually beneficial results.
“We acknowledge the fact that universities and companies have different business models; however, we are very much aware that some investment...
Guaranty Trust Bank (Ghana) Limited has appointed Mr. Thomas Attah John as its new Managing Director effective Friday, March 16, 2018, following Bank of Ghana approval.
He replaces Mr. Lekan Sanusi who takes up a new position as Managing Director of Guaranty Trust Bank Uganda Limited.
Mr. Thomas Attah John, an...
The decline in headline inflation for January to 10.3 percent is likely to push the central bank to continue its reduction in the monetary policy rate, Barclays Africa has said.
According to a release by the research arm of the bank, “the deceleration in inflation will have been positively received...
