Ratings agency Moody’s has said it expects revenue of banks to shrink on the account of a slowdown in growth of loans advanced.
Last Friday, the Bank of Ghana released its summary of economic and financial data, noting a continued slowdown in the growth of bank loans and advances in...
This year’s World Economic Forum Annual Meeting comes at a time of good news for the world economy. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at...
As part of efforts to promote the sustainable growth of Small and Medium Enterprises (SMEs) and stimulate learning outcomes in the education sector, OmniBank has held its 2018 January edition of OmniSME Clinic for school managers, administrators in Accra.
Over 300 educational institutions have benefitted from a Small Medium Enterprise...
JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday.
“You’ll see us open in some countries we are not in; in Africa you’ll be hearing about some of that stuff,” Dimon told Bloomberg...
Ouided Bouchamaoui, the 2015 Nobel Peace Prize Co-Laureate, has warned that Africa’s growing youth population could be a plus for Africa or a political time-bomb. This, according to her, depends on how leaders anticipate the future.
In remarks she made at the African Development Bank’s Eminent Speaker Series seminar on...
Mr. Alhassan Andani, Managing Director of Stanbic Bank, has cautioned up-and-coming small and medium enterprises (SMEs) with business ideas not to rush to commercial banks for financial assistance, as they could stifle their ideas.
“Be careful who you talk to about your business ideas; because while people may come up...
The Fiaseman Rural Bank Limited at Bogoso in the Prestea Huni-Valley district of the Western Region has inaugurated a branch at Kokompe in Takoradi in the Western Region.
This brings to twelve the number of branch offices currently being operated by the bank. The branches are Bogoso, Sikafie-Bogoso, Prestea, Tarkwa,...
Nigerian President lauds Bank for standing tall among multilateral development banks and international financial institutions
The African Development Bank provided a much-needed lifeline at a time when it was very difficult to secure budget support loans from anywhere else, as the country struggled with the 2015-2016 economic recession, the Nigerian...
Ahafo Community Bank at Kukuom in the Asunafo South district of the Brong Ahafo Region has outlined strategies to increase owners’ equity significantly to meet the minimum capital requirement by end of first quarter this year.
All Rural and Community Banks (RCBs) were required by the Bank of Ghana (BoG)...
The central bank has maintained its policy rate at 20 percent amid growing concerns that inflation could drift further from the 8±2 medium-term target.
Speaking at the press meeting to announce the policy rate yesterday, Governor of the Bank of Ghana Dr. Ernest Addison said although inflation expectations appear to...