With technology disrupting every sphere of human activity, brick and mortar branch banking will no longer be viable in five years, Arnold Parker-Managing Director of finance house AFB Ghana, has said.
“I think in the next five years a lot of financial institutions will scale down on brick and mortar...
United Bank for Africa (UBA) Plc’s Regional CEO for West Africa 1, Mrs. Abiola Bawuah, has been named the ‘Most Outstanding Female in Banking’ by the Business Executive at the just-concluded 4th Feminine Ghana Achievement Awards, at the La-Palm Royal Beach Hotel in Accra.
This brings to a total of...
…as ACCOSCA holds historic conference in Accra
The West African Block of the African Confederation of Cooperative Savings and Credit Association (ACCOSCA), has held its first-ever conference in Accra.
The conference, held between March 12 and 14, was on the theme ‘Regional integration for cooperative sustainable growth’, with participants drawn from...
The Chief Executive Officer of GN Bank, Issah Adams, has said that the bank is poised to meet the GH¢400million minimum capital requirement set by the Bank of Ghana (BoG) by third quarter of 2018.
“We have secured about GH¢120million out of the GH¢400million required by BoG by quarter one...
Imagine this scenario; you are the Chief Executive or Founder of a company. It may be new, in the growth phase, or mature and established. I offer to give you money, technological infrastructure, access to new markets, training for existing staff, and I bring in some other experts for...
…signs MoU with FSD Africa
The Bank of Ghana (BoG) has signed a Memorandum of Understanding with FSD Africa (FSDA) for the implementation of a Credit Market Development Programme in Ghana.
The signing ceremony took place on March 8, 2018, at the Bank of Ghana.
The Credit Market Development Programme is aimed...
Guaranty Trust Bank (Ghana) Limited has posted a pre-tax profit of GHS127.5 million for the 2017 financial year representing a 20% growth over previous year’s GHS106.5 million. This is the eleventh (11th) successive year that the bank is declaring profit since its commencement of operations in Ghana in 2006.
After-tax...
The International Finance Corporation (IFC), a subsidiary of the World Bank Group, has presented ‘Banking on Women’ - an initiative that seeks to encourage banks to explore targetted investment and advisory services to promote access to finance for women entrepreneurs.
The product is expected to also explore untapped opportunities within...
The National Investment Bank (NIB) has hailed the Supreme Court’s decision to uphold its earlier ruling that absolved the bank of a US$60million judgement debt suit, saying it has renewed investor confidence in its business.
The ruling will allow the bank to seek new business and will allow its corresponding...
Identity fraud and fraudulent transactions are major risks in the global banking system, and that is why financial institutions go to great lengths in trying to insulate banks from cybercrime and other fraudulent activities.
In fact, PwC’s Global Economic Crime Survey 2016 revealed that cybercrime has now jumped to the second...