For most financial institutions globally, 2020 Financial Year (FY2020) is likely to be described as a year of abysmal performance, an outlier which caste malignant spell on important financial indicators, especially liquidity and profitability. Unavoidably, Microfinance Institutions (MFIs) are spared by this imminent spell. This is because; MFIs predominantly...
The Financial Technology (FinTech) industry in Ghana just like anywhere else in the world has grown exponentially over the past few years, with many startups entering the market with new cutting-edge technologies providing innovative solutions.
While this growth has brought numerous benefits, especially providing the avenue for financial inclusion, it...
After years of contemplating whether to acquire an existing insurance company in Nigeria to kick-start operations in the country or not, Enterprise Group has settled on the acquisition of a new licence to start insurance business in Nigeria from next year.
Keli Gadzekpo, Group Chief Executive Officer, explained that the...
Monetary policy alone cannot clip lending rates appreciably, except when factors like a functioning National ID system, a working credit bureau, an efficient address system, digital land registry and an interoperability system, are accounted for, Vice President Mahamudu Bawumia has said.
“If we have all these pieces of the puzzle...
….in charge of 6 West African countries
United Bank for Africa (UBA) Plc has announced the appointment of Mrs. Abiola Bawuah as new Regional Chief Executive Officer (RCEO) in charge of six African countries. The new appointment, which takes effect from 1st March 2018, will see her overseeing the...
Dr. Serebuor (not his real name) has been appointed as a director of one of the licensed Specialised Deposit Taking Institutions regulated by Bank of Ghana. In his case, it is a multinational bank reporting to dual regulators, and by extension, operates in a relatively strong corporate governance environment.
He...
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...
By Joshua Worlasi AMLANU
Bank of Ghana (BoG) has thrown the spotlight on the urgent need for a shared commitment to combat the rising tide of digital and mobile money fraud in Ghana's financial sector.
Dr. Kwasi Osei-Yeboah, Head of the Financial Stability Department, rallied for a collective action to...
Lower Pra Rural Bank Limited at Shama District in the Western Region made a sterling performance during the year under review.
The bank’s profit after tax grew from GHc 920,577.00 in 2018 to GHc1, 737,789.00 in 2019, representing a growth of 89%.
Profit before tax rose to 73% from GHc1,158,431.00 in...
Ecobank Ghana last week held a capacity-building webinar for Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs) across the country.
The forum, which was held via Microsoft Teams brought together over one hundred participants, mainly local organisations to deliberate on various topics related to national development, financial inclusion and general...