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...
The ARB Apex Bank is the first local bank to issue a domestic card that employs Europay MasterCard Visa (EMV) standards with CHIP and PIN for transactions to facilitate payments on the Gh-Link platform, the Chief Executive Officer of GhIPSS Achie Hesse has stated.
So far, 25 Automated Teller Machines...
Growing cryptocurrency transactions could disrupt the banking system and throw the Bank of Ghana’s (BoG), monetary policy regime out of order, Peter Quartey - Professor of Economics at the University of Ghana, Legon - has warned.
Cryptocurrency is secured digital representation of the money individuals use daily. With bank notes,...
After revoking two banking licences, the central bank appears not satisfied with the numbers, still, as it has come open and is “urging” mergers among the particularly undercapitalised local banks.
To meet the new GH¢400million minimum capital required of them, the banking sector regulator is “urging small and undercapitalised banks...
In an effort to reinforce its competitive urge and consolidate growth, the Kintampo Rural Bank Limited has initiated steps to roll out a number of electronic banking products in 2018.
The bank has procured three ATM machines, ready for installation at its headquarters at Kintampo, in the Brong Ahafo Region,...
The Annual Percentage Rates (APR) and Average Interest (AI) report for December 2017 released by the Bank of Ghana have shown that the lending rate to the agriculture sector remain high, as it hit 31.1 percent at the close of 2017.
The report shows that out of the 31 commercial...
FBNBank Ghana, a leading universal bank, has rewarded customers in its Save and Win Promotion with over 20 customers winning prizes in the third mini and grand draws held in Accra.
Organised under the supervision of the National Lottery Authority, the first 10 lucky customers in the third mini draw...
The Fiagya Rural Bank Limited at Busunya in the Nkoranza North district of the Brong Ahafo Region has projected making significant growth in 2018, subject to a strong macroeconomic environment.
The bank has in recent years struggled to make meaningful growth, due to a plethora of challenges.
It was one of...
The bullish run experienced by the equities market in 2017 is set to continue unabated in 2018, according to analysis by Databank Research, based on its projections of a more stable cedi and a further decline in inflation and interest rates.
“The sharp decline of yields in the fixed income...