The Ghana Association of Bankers has appointed Mr. John Awuah as Deputy Chief Executive Officer of the Association, and he will eventually take over from the current Chief Executive Officer, Mr. D.K. Mensah, when the latter retires later in the year.
Prior to his appointment, Mr. Awuah was the Managing...
…following BoG’s earlier policy rate cut
After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline in April after the Bank of Ghana reduced the monetary policy rate the month before.
The Summary of Economic and Financial...
Finance Minister Ken Ofori Atta has stated that launching the GH¢600million Coronavirus Alleviation Programme (CAP) Business Support Scheme is the cue to begin an aggressive normalisation of the economy.
According him, the finance ministry is drafting an economic turnaround programme that the president will soon launch. The programme, he noted,...
The government of Ghana has launched three new policy initiatives designed to deepen financial inclusion and accelerate digital payments, in line with government’s vision of building a payment system that accelerates economic development.
The policies are the National Financial Inclusion and Development Strategy; Digital Financial Services Policy; and Cash-Lite Roadmap....
Absa Bank Ghana, in collaboration with Genser Energy Ghana and its partners namely Barak Fund and Africa 50, has made a donation of personal protective equipment (PPE) and other key medical supplies to the Ghana Armed Forces COVID-19 Task Force & the Ashanti Regional Hospital, to complement government’s effort...
Prudential Bank has donated Personal Protective Equipments (PPEs) to the Ghana Immigration Service (GIS) in Accra as part of efforts to help the fight against the COVID-19(Corona virus) pandemic in the country.
The PPEs worth thirty thousand GHC30, 000 included 10,000 pieces of gloves, 2,000 surgical masks and 20 gallons...
Even though the coronavirus pandemic has wrecked many sectors of the economy and plunged businesses into disarray, there is a positive side of the virus as it is pushing the cash-lite agenda of the country, according to data from the Bank of Ghana.
The Summary of Economic and Financial data...
One of the fastest growing digital payments markets in Africa, Ghana, gives the digital revolution a new meaning. The unprecedented growth of the digital economy in Ghana in recent years, especially its penetration in rural areas, speaks of the opportunities it offers in terms of social inclusion and accessibility....
Rural and Community Banks play a vital and unique economic role in rural communities by providing credit to small scale farmers and small businesses, as well as the very low income earner They also support rural development projects through corporate social responsibility activities.
Currently, there are 144 Rural and Community...
Maya Angelou once said, “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.”
Two weeks ago, I shared a few practical tips on how banks can use relationship banking to protect their customers’ funds. Last week, I...