The Bank of Ghana will commence implementation of the Deposit Insurance scheme in the second quarter of 2018.
Parliament, in 2016, passed the Deposit Protection Act which seeks to establish a deposit insurance (DI) scheme to protect depositors in the event of bank failure.
The scheme, among other things, seeks to...
Large corporate organisations and public-sector institutions can receive instant payment electronically if they sign onto the e-bills pay system introduced by the Ghana Interbank Payment and Settlement System (GhIPSS). This should address payment challenges and improve efficiency at these organisations.
The e-bills pay system is targetted at large organisations such...
The Grand Final of the 2017 United Bank for Africa Foundation National Essay Competition was held at the Bank’s Corporate Headquarters in Accra, last Tuesday.
The event saw 16-year-old Jason Emmanuel K. Asante Ghansah, from the Presbyterian Boys Senior High School, emerge as winner.
The 4th edition of the contest brought...
Sahara Group has refurbished the Metal Works Technical Workshop of the Manhean Technical School as part of its corporate social responsibility.
Working in concert with other stakeholders, Sahara Group’s intervention has transformed learning experience in the school.
The renovation of the workshop included the construction of a shed to accommodate the...
GCB Bank has successfully completed the full integration of the systems of the erstwhile UT and Capital banks to offer customers a wide network of some 183 branches across the country. The integration included the consolidation of core banking applications, procedures and processes, the training of staff and the streamlining of...
Fiscal policy think-tank, the Institute for Fiscal Studies (IFS), has commended plans by government to hedge the country’s oil imports as part of moves to ensure some form of price stability.
Speaking at a press conference in Accra, Prof. Newman Kusi-Executive Director of the institute, said the development is a...
Ecobank Transnational Incorporated (ETI), the parent company of the leading pan-African financial institution, has been selected as a private sector ‘partner of choice’ by the Global Partnership for Education (‘GPE’) in its mission to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.
The Presidents of...
ASA Savings and Loans Limited is to spend some GH¢225,000 on its Corporate Social Responsibility (CSR) this year in the areas of health and education.
Last year, the company spent a total of GH¢157,507 on its CSR in all the 17 branches and 96 Business Centers across the country of...
Digital innovation is transforming how businesses operate and how people work. Your bank will need to embrace digital capabilities in order to revolutionize its business. Achieving digital innovation will require your bank to create immersive digital customer experiences, change the way employees work and rethink your business models.
Usually, when...
The Nsoatreman Rural Bank Limited at Nsoatre in the Sunyani-West district of Brong Ahafo Region has budgeted to increase its operational targets in 2018 as compared to last year’s performance barometers.
The upward revision of performance targets is being motivated by gradual recovery of the economy from its troubles. The...