An investment banker has said the recent failure of the two indigenous banks, UT and Capital Banks, puts a dent on the efforts of other local banks seeking to raise funds from investors to meet the Bank of Ghana’s GHS400 million capital requirement.
The Head of Investment Banking at Stanbic...
Indigenous banks are in a race against time to increase their total paid-up capital to GHS 400 million before the December 31, 2018 deadline set by the central bank of Ghana.
An analysis of the July 2017 paid-up capital, income surplus, and capital shortfall of banks reveals that decade-old major...
Standard Chartered Bank Ghana has taken the convenience of personal banking to a new height by holding an investments seminar for clients to help them make more informed and relevant choices about investments.
With a highly-trained staff, the bankers can now identify any structural or tactical gaps in a client’s...
In 2016, Ghana, the second largest gold producer in Africa, and the eighth largest globally, legally produced 96 Metric Tons (“MT”) of gold. On average, Ghana produces approximately 100 MT annually. At April 1, 2017, the Bank of Ghana (“BoG”) Gold Reserve amounted to 8.70 MT, (it has not...
. GH?100million to be invested
. Customers to earn T-Bill plus 3 percent interest
ASN Financial Services Limited, a licensed Finance House which has been experiencing challenges in its operations, has secured a strategic investor who is expected to invest over GH?100million in the company.
Directors of the company, B&FT sources say,...
Under the Access Bank flagship women empowerment programme, the ‘W’ Initiative, women entrepreneurs are set to begin an industry first Female Leadership Programme in partnership with FMO, the Dutch Development Bank.
The maiden edition of this one-week leadership journey will bring together female leaders in finance from across the world...
Access Bank (Ghana) Plc has held its 9th Annual General Meeting (AGM) to consider and adopt the Statement of Accounts for the year ended December 31, 2016 at the College of Physicians and Surgeons in Accra.
Addressing shareholders at the meeting, the Board Chairman, Mr. Frank Beecham, highlighted that the...
The Bank of Ghana (BoG) is engaging directors of ASN Financial Services Limited, a licensed Finance House, to find an amicable solution to the troubled indigenous institution.
The company, which specializes in investment services, credit issuance, and mortgage products, is currently struggling to meet the demands of some of its...
Optimal Reserve Ratio (Gold Reserve / Foreign Reserve)-Targeting (30%) , in tandem with Inflation-Targeting
The present Government's Cedi stability policies are recycled from 2000 - 2008 (Pre - Global Financial Crisis), and inappropriate for today's global monetary environment (Quantitative Easing dilutes Ghana's Cash Reserves), and some negative nominal interest rates...
Enquiries made by the B&FT have established that the Ghana Interbank Payment and Settlement Systems (GhIPSS), can handle the intermediary role in across-network mobile money transactions, a multi-million-dollar job the central bank has outsourced to a private company.
An insider source told the B&FT that what GhIPSS, a wholly owned...