Ecobank Ghana Limited, as part of its corporate social responsibility, has supported the Ghana COVID-19 Private Sector Fund with an amount of GH¢1.3million. The donation was in collaboration with Ecobank Foundation and comprises a cash amount of GH¢750,000, as well as the cost of personal protective equipment (PPE) and...
A Bank of Ghana report has revealed serious lapses in the structures, systems and processes in place to promote consumer protection and the early resolution of customer complaints, as poor and unfair customer service has been going on in the banking industry for a long time.
Dr. Richmond Akwasi Atuahene,...
Republic Bank Ghana Limited, a subsidiary of Republic Financial Holdings Limited of Trinidad and Tobago, has attained certification to ISO/IEC 27001:2013 Information Security Management Systems standard.
The ISO/IEC 27001:2013 certification is a further proof of the bank’s commitment and demonstrated ability to continuously align and improve its processes and controls...
Validation process is ongoing
Total client claims now stand at GH¢3bn (from GH¢12.6bn)
71,000 individuals, 5,750 institutions make claims
Government committed to intervene
Commission pursuing changes to law to gain more powers
13 out of 18 CIS transferred to new fund managers
The Securities and Exchange Commission (SEC)...
Until the Bank of Ghana gets tough on banks and applies sanctions on them for treating customers unfairly, the practice will not stop, banking consultant, Dr. Richmond Akwasi Atuahene, has told the B&FT.
His comments come in the wake of a report by the Market Conduct Examinations Office set up...
Fixed income investment is any investment that offers a fixed or guaranteed rate of return to the investor over a specified period of time. Typical examples of fixed income investments are bonds issued by the government or corporate entities. These investments have fixed rate of returns on the face...
The Ghana Securities Industry Association (GSIA), a body of fund management firms, has appealed to government to pay individual and institutional customers of defunct savings and loans, finance houses and microfinance companies more in cash than the bond option that the Receiver announced in April, 2020.
The Receiver, Eric Nana Nipah,...
TV personality, Berla Mundi in association with Absa Bank has introduced a fun bi weekly financial titbit series on social media. Dubbed as ‘Berla Absa Tuesdays’, the series aims to give financial advice to help her fans, and the general public, to make better choices in life.
The first episode...
Fan Milk Limited has announced to its shareholders that it would not be able to pay dividend for year 2019 due to COVID-19 economic challenges.
The company has noted the Ghana Stock Exchange (GSE) about the move. It said in statements that, “In the uncertain context of COVID-19 pandemic, reflecting...
In response to the devastating impact of the coronavirus pandemic on businesses and individual lives, the Dormaa Area Teachers’ Co-operative Credit union (DATCCU) at Dormaa-Ahenkro in the Bono Region has rolled out a comprehensive debt-relief package for its members and customers.
The relief package include waiver of loan interest throughout...