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...
The Ghana Interbank Payments and Settlement Systems (GhIPSS) has said its platform that would ensure cross-network mobile money transactions would be ready by end of February and could be launched in March. GhIPSS had already missed a November 2017 deadline to deliver the platform, which will allow mobile money users...
Opportunity International Savings and Loans Limited has held a three-day Annual Performance Review Meeting at Ejisu near Kumasi in the Ashanti Region. The meeting brought together all the senior management team members and branch managers from all the branches in Ghana. Opening the three-day event, Mr. Kwame Owusu-Boateng - Chief Executive...
Ratings agency Moody’s has said it expects revenue of banks to shrink on the account of a slowdown in growth of loans advanced. Last Friday, the Bank of Ghana released its summary of economic and financial data, noting a continued slowdown in the growth of bank loans and advances in...
This year’s World Economic Forum Annual Meeting comes at a time of good news for the world economy. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at...
As part of efforts to promote the sustainable growth of Small and Medium Enterprises (SMEs) and stimulate learning outcomes in the education sector, OmniBank has held its 2018 January edition of OmniSME Clinic for school managers, administrators in Accra. Over 300 educational institutions have benefitted from a Small Medium Enterprise...
JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. “You’ll see us open in some countries we are not in; in Africa you’ll be hearing about some of that stuff,” Dimon told Bloomberg...
Ouided Bouchamaoui, the 2015 Nobel Peace Prize Co-Laureate, has warned that Africa’s growing youth population could be a plus for Africa or a political time-bomb. This, according to her, depends on how leaders anticipate the future. In remarks she made at the African Development Bank’s Eminent Speaker Series seminar on...
Mr. Alhassan Andani, Managing Director of Stanbic Bank, has cautioned up-and-coming small and medium enterprises (SMEs) with business ideas not to rush to commercial banks for financial assistance, as they could stifle their ideas. “Be careful who you talk to about your business ideas; because while people may come up...
The Fiaseman Rural Bank Limited at Bogoso in the Prestea Huni-Valley district of the Western Region has inaugurated a branch at Kokompe in Takoradi in the Western Region. This brings to twelve the number of branch offices currently being operated by the bank. The branches are Bogoso, Sikafie-Bogoso, Prestea, Tarkwa,...