OmniBank has awarded scholarship grant to brilliant but needy student, Samuel Dorkenoo to pursue his academic programme at the Kwame Nkrumah University of Science and Technology. The beneficiary student Samuel Dorkenoo, a first year student, KNUST, had early on dropped out of school due to financial difficulties and was referred...
…as GH¢5-6bn expected from minimum capital raise With banks gearing up to raise their stated capital to GH¢400million each from the current rate of GH¢120million, the industry is expecting about GH¢5-6billion in fresh capital - and Frank Adu, Managing Director of CAL Bank, is urging his colleagues to be...
The outgoing President of the Association of Ghana Industries (AGI) James Asare-Adjei has disclosed that, the Association has established an Industrial Development Fund (IDF) in place of the bank it initially projected. According to Mr. Asare-Adjei, the association in reviewing progress on establishing a bank, rather took decision to start...
The regulator of mobile money services, the central bank, has been urged to come up with an urgent policy that offers protection to consumers of mobile financial services in the event of any service provider’s collapse. Isabelle Barres, VP of the Center for Financial Inclusion and Director of Smart Campaign...
Microfin Rural Bank (MRB) at Gomoa Pomadze in the Central Region has posted its first profit of GH₵231,419 after barely four years in operation, on the back of sterling growth in other key performance area. The profit figure represents a 62 percent growth over previous year’s amount, with interest income,...
HFC Bank Ghana, a subsidiary of Republic Financial Holdings Limited has announced a special loan package for both existing and new customers of the Bank at 15% to 17% interest depending on the income profile of applicant. The interest rate of 15% to 17% being offered by the bank, is...
The Northern Regional chapter of the Association of Rural Banks (ARBs) has called on the Bank of Ghana (BOG) to consider rural banks in the three regions of the North which are striving hard to meet its recapitalization strategy requirement. According to them, they are not getting the required savings...
The Board Chairman of Amenfiman Rural Bank, Mr. Tony Aubynn, has advised management of rural banks to adapt to the wave of change within the banking environment and invest in technology to make banking easy and effective for customers, and not be dissuaded by their rural label. He said when...
Madam Abiola Bawuah, the MD/CEO of the United Bank for Africa (Ghana) has once again been applauded in the industry, this time with the award of the Finance Personality of the Year, at the just ended Ghana Accountancy and Finance Awards. When Mrs Bawuah took over the reins at UBA...
Madam Abiola Bawuah, the MD/CEO of the United Bank for Africa (Ghana) has once again been applauded in the industry, this time with the award of the Finance Personality of the Year, at the just ended Ghana Accountancy and Finance Awards. When Mrs Bawuah took over the reins at UBA...