By Ebenezer Chike Adjei NJOKU
The total number of active mobile money agents grew by 21 percent to 608,000 in 2023, the recently FinTech Sector Report for 2023 published by the Bank of Ghana (BoG) has shown.
The figure represents approximately 88 percent of the 688,000 people employed by the state....
Banks have stepped up their game to help quick recovery of the economy from the ruins of coronavirus pandemic, as new data show increased credit support to one of the most pressing areas of the economy - the manufacturing sector.
The Statistical Bulletin report (June 2020) indicates that credit to...
The global pandemic changed the course of economies worldwide, negatively impacting human survival. Hard-hit sectors included health, employment, education, and businesses. COVID-19's impact did not spare small and medium-scale industries. According to McKinsey.com, between February 2020 and April 2021, 70 to 80 percent of SMEs across 32 countries lost...
GCB Bank Ltd has relocated its Salaga branch into a new business facility in the Salaga Market as part of its business transformation and offerings.
Prior to the opening of the new branch, the former facility hosted the branch for 40 years.
In a well-attended ceremony, the Head of Consumer Banking...
Global Accelerex Nigeria has been ranked among the fastest-growing companies in Africa by Financial Times (FT).
The Fintech and payments solutions company operates in five countries on the continent, including Ghana, and was recognised by FT in its inaugural ranking of Africa’s fastest-growing companies in 2022.
Commenting on the ranking, Chief...
Information gathered by the B&FT reveals that the Security and Exchange Commission has concluded its investigations and forwarded the case to the Economic and Organised Crime Office regarding two companies purporting to be investment firms.
The Securities and Exchange Commission (SEC) on January 8, 2021 issued a notice strongly warning...
Climate change has come to represent a major challenge for central banks. How much should their monetary policy and approach to banking supervision be influenced by it?
On one hand, there is growing evidence that global warming, particularly through its effect on agriculture, may create inflationary pressures. And there is...
16% rise in operating income
digital transformation drives success with 95% increase in digital client acquisition
Standard Chartered Bank (StanChart) Chief Executive Officer, Mansa Nettey, has said that during this 2022 financial year the bank grew its operating income by 16 percent - increasing it from GH¢1.05billion to...
Ecobank, in partnership with the UNFPA and Tobinco Pharmaceuticals, provided logistical support to the Tetteh Ocloo State School for the Deaf at Ashaiman in the Greater Accra region, in a joint venture to counter the COVID-19 pandemic.
The donation was to equip the school, as their final year students returned...
…responsible debt management for businesses and households
Debt, a double-edged sword with the potential to propel or cripple financial health, is a crucial aspect of economic well-being, whether at the national, corporate or household level. In Ghana, as in other nations, responsible debt management is the key to sustainable...