“If you compare banks to companies like Google, it`s evident that banks are still at the nascent stage of the digital and data revolution.”
----Vik Atal, Independent Board Director at Goldman Sachs
The COVID-19 pandemic has almost ravaged every fabric of society worldwide and the banking industry has had its first...
Welcome to another week of financial learning, we started a journey toward financial independence by tackling ways of managing financial excesses.
In the past two weeks we have looked at a lack of planning and impulse buying as causes of financial excesses. In the same vein, I discussed a few...
Introduction
The Bank of Ghana (BOG) Monetary Policy Committee (MPC) Report for May 2020 curiously puts the end-March 2020 public debt at 59.3 percent. Since the 2019 Debt Report and the IMF show the end-2019 debt level as 63 percent, it is unlikely to decline substantially to 59.3 percent....
The United Bank for Africa (UBA) is set to celebrate Africa Day with a virtual dialogue on attainment of the Sustainable Development Goals (SDGs).
UBA, groupwide, has owned the AU Day celebration for the past few years with a vibrant and colourful presentation of African culture. As part of the...
Standard Chartered Bank Ghana has partnered with United Way Ghana to provide COVID-19 relief to vulnerable households in the Ayawaso district of the Greater Accra Region.
The relief package comprises nutrition packs, health and hygiene items to vulnerable households, literacy materials for children and sanitation items to a Community Health...
Rural and Community Banks (RCBs) could face exacerbated liquidity challenges in the times ahead if the impacts from coronavirus on the economy persist for long as they await payment of locked up investments with collapsed fund management firms.
The future looks quite bleak for the rural banking space as the two...
After activating a financial relief package to cushion customers in the wake of the COVID-19 economic challenges currently being faced, Absa Bank Ghana has announced a new weekly series of webinar sessions that will educate and support clients and businesses on how to thrive in times of crisis.
Christened as...
Bank unveils plan to finance entire poultry, rice value chains
Projects GH¢2bn financing for agribusinesses by 2022
Draw partnerships with MoFA, OVCF, GIRSAL to provide cheaper finance
COVID-19 presents Ghanaians with the best opportunity to localise the entire food production value chain in the country, become less reliant on...
After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic.
The local currency was on top of its game...
COVID-19 has affected economies across the globe in unthinkable ways. Many economies, industries, small and medium scale businesses - including especially the airline and the tourism sectors - are hard hit by the dreaded pandemic.
In view of this, governments around the globe have made available funds to support businesses...