The Akuapem Rural Bank Limited at Manfe in the Akuapem North District of Eastern Region has inaugurated Madina branch at a brief but colourful ceremony at Madina in Accra.
The inauguration of the Madina Branch brings to six the number of branches and mobilization centres currently being operated by the...
The Central Bank, in responding to challenges in the microfinance sector, has released a list of certified microfinance companies to help customers make informed choices. The list is made up of Tier 2 institutions or microfinance companies or and Tier 3 or money lending institutions across the country.
In a...
Managing Director of CalBank, Frank Adu Jnr., has won the prestigious African Banker of the Year at an award ceremony held at the Sandton Convention Centre, Johannesburg, South Africa.
In addition to this recognition, Frank Adu Jnr. was also inducted into Africa’s CEOs Hall of Fame for 2018 for his...
GHL Bank, formerly Ghana Home Loans Limited, has introduced its new flagship ‘Save-to-Own’ mortgage product to the local market.
The product, which is uniquely designed to enable applicants acquire a personal home, will also demonstrate the prospective homeowner’s commitment and ability to make scheduled payments to service a mortgage.
GHL Bank,...
BoG reacts
GSE suspends trading of ADB shares
ADB confirms move but backs BOG
More acquisitions in the wind
The opinions of economic and banking analysts are divided over uniBank’s ‘takeover’ of the Agricultural Development Bank (ADB), while the Ghana Stock Exchange (GSE) on Wednesday suspended trading of ADB...
….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...
ADB has confirmed that it indeed received letters from Belstar Capital Limited, EDC Limited and Starmount Investment Limited pledging their various shares in the Agricultural Development Bank Limited to Unibank.
A press release issued by the bank Wednesday stated that: “It is the opinion of ADB that, a pledge does...
In an unexpected move that could be the beginning of a restructuring of the local banking space, a consortium of financial institutions that control majority shares in agric-focused bank, Agricultural Development Bank (ADB), have pledged their shares, proceeds, entitlement and voting rights to uniBank, a leading local bank.
The consortium,...
Barclays Bank Ghana has stated that its decision to rebrand to Absa will not lead to any job-cuts, and that the bank by its new image will be more focused on entrenching its position on the local scene and work toward doubling its footprints in the country.
Speaking in a...
The Chief Executive Officer of Ghana Interbank Payment and Settlement Systems (GhIPSS) Archie Hesse, has called on the public to resort to more electronic forms of payment in order to reduce their exposure to being attacked by armed robbers.
His advice comes in the wake of reports of armed robbery...