Banks may be going through a lot of stress currently as the central bank tries to sanitise the industry, but Country Senior Partner at PricewaterhouseCoopers (PwC), Vish Ashiagbor, believes all parties stand to benefit at the end of the day.
Not only do banks have to meet the central bank’s...
As commercial banks race to meet the Bank of Ghana’s December 31, 2018 minimum capital requirement deadline, Zenith Bank has become apparently the first bank in the country to officially meet the GH¢400 million benchmark.
According to the central bank, banks can either move funds from their income surplus or...
The central bank could be nudged into extending its December 2018 minimum capital deadline, at least for local banks - which met President Akufo-Addo on Monday to ask him to intervene.
At the meeting, attended by BoG Governor Dr Ernest Addison as well as other government officials, President Nana Akufo-Addo...
“Now I have multiple streams of collection for my business and do not have to bear the burden of carrying bulk cash with all its insecurities. Financial transactions for my business are conducted seamlessly using my mobile device anywhere I am.” – Auntie Maggie, Owner of Multiple Stores at...
Ghana and Japan International Cooperation Agency (JICA) have agreed to review bilateral cooperation in various sectors to support the attainment of the Ghana Beyond Aid Vision.
To this end, a working group is to be set up at the political and technical levels to draw a work plan to concretise...
HFC Bank has given indication it will raise an additional GH¢255million through a renounceable rights issue, in a bid to meet the GH¢400million new minimum capital requirement.
The bank raised GH¢50million in a similar fashion in November 2017 to meet the then-minimum capital requirement of GH¢120million; and according to its...
The Akotoe Tsrebuana D/A Primary School in the Upper Manya Krobo district of the Eastern Region has taken delivery of a four-bedroom bungalow valued at over GH¢60,000 that was constructed and presented to the school authorities by Upper Manya Kro Rural Bank Limited.
In a brief dedication ceremony last week,...
NDK Financial Services Limited has organized a seminar on cyber security for its clients and staff to educate them on best practices in protecting their businesses and online accounts from cyber-attacks.
The seminar which was on theme: "The Emergence of Cybercrime Activities and its Effects on Businesses", featured cyber security...
The much talked about re-branding of bank, which is expected to result to the change of HFC Bank’s name to Republic Bank Ghana Limited according to Mr. Jordan will take place on April 24, 2018 having secured the necessary regulatory approval.
HFC's re-branding comes after shareholders also gave approval to...
With over 4 million users the Ecobank Mobile App is available to all, enabling users to open an Ecobank Xpress Account instantly on their mobile device
The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over US$1billion...