Standard Chartered Bank, in collaboration with mPharma, has presented portable Polymerase Chain Reaction (PCR) equipment as well as diagnostic extraction kits and tubes to the Kumasi Centre for Collaborative Research in Tropical Medicine (KCCR), to aid the mass testing of COVID-19 cases in Ghana.
The donation is part of a...
First National Bank Ghana has activated its Accelerated Support for Pandemic Intervention and Relief Effort (ASPIRE) programme to assist the government and people of Ghana in their fight against COVID-19. With the initiative, First National Bank Ghana is supporting local entrepreneurs to produce high quality Personal Protective Equipment (PPE)...
GCB Bank Ltd has. donated a number of Personal Protective Equipment (PPEs) to some major health facilities and hospitals around the country as part of its commitment toward controlling the spread of coronavirus (COVID-19).
The PPEs donated by the bank include safety goggles, coveralls, Wellington boots, sanitisers and rubbing alcohol...
BOG MAY 2020 MPC STATEMENT
Reversal Of Bog’s Stance
On Deficit-Financing
During the decade-long Global Financial and other crisis from 2008, BOG did not apply any of its fiscal powers under the Act 612. On the contrary, the BOG and IMF curtailed access to Banks funding under Act 612 during Phase...
Environmentally friendly refrigerators and air conditioners will soon become widely accessible in Ghana. This will be made possible through the Green On-wage (GO) financial mechanism implemented under the ECOWAS Refrigerators and Air Conditioners program in collaboration with Ecobank Ghana.
The ECOWAS Refrigerators and Air Conditioners Initiative (ECOFRIDGES) is a joint...
Interest rates, inflation, foreign exchange amongst others are factors to consider when making investment decisions in an economy.
Changes in these indicators directly and indirectly affect the performance of financial investments, especially the Ghana Stock Exchange (GSE) where various companies are listed.
We have however witnessed changes in the economic figures...
Prudential Bank Limited has appointed Mrs. Muriel Susan Edusei as its new Board Chairperson. Her appointment took effect on April 29, 2020 following an earlier approval by the Bank of Ghana.
Mrs. Edusei’s appointment follows the retirement of Mr. Kwaku Agyei-Gyamfi after twelve (12) years of outstanding leadership. A statement issued...
Bankers from Sub Saharan Africa and China who attended the Huawei Sub-Saharan Africa Financial Services Industry Online Summit 2020 agree that digitisation of the sector will give it resilience against the current COVID-19 pandemic and enable sustained growth in the post COVID era.
The pan-African conference themed “Accelerating Digital Transformation,...
CalBank has donated Personal Protective Equipment (PPE), valued at GH¢230,000, to four major hospitals across the country to help fight the COVID-19 pandemic.
The beneficiary hospitals are the University of Ghana Medical Centre in the Greater Accra Region, the Komfo Anokye Teaching Hospital in the Ashanti Region, the Effia Nkwanta...
Banks and Specialized Deposit Taking institutions (SDTIs) exist to provide financial solutions to their customers. In doing so, they largely take deposits and grant credit facilities to Customers. Credit Facilities come in several forms/types ranging from Contingent Liabilities (Bid Guarantees, Bank Guarantees, Performance Guarantees, Advanced Payment Guarantees, and Retention...