The Payment Systems Oversight report by the Bank of Ghana (BoG) shows the value of mobile money transactions as of December 2016 reached GH¢78.5billion, indicating a 121.5 percent growth compared to the GH¢35.4billion recorded over the same period in 2015.
The report also shows that the number of registered mobile...
A lecturer at the Ghana Banking College and CEO of Universal Capital Management, Dr. Richmond Atuahene, has said the new minimum capital required of banks partly explains why they did not lap up the ESLA bond.
As of Friday, October 30, which was supposed to be the deadline for subscription...
The Court of Appeal has dealt another blow to the International Finance Corporation (IFC) and the OPEC Fund after the two had sought to block an Accra High Court from looking into the substantive case of a suit brought against them by Quantum Oil Terminals.
The Accra High Court had...
Fidelity Bank has made five more lucky customers of the bank 10x richer in the third draw of the Fidelity 10x Richer Promo held at Takoradi in the Western Region bringing the total number of winners so far to 15 customers.
The five lucky customers are Esther Okuto of the...
The Global Competitiveness Index 2017-2018 report by the World Economic Forum indicates that access to finance difficulties, high taxes, and corruption are the three-leading challenges confronting the private sector in Ghana.
The data, which ranks on a scale of 0-20, assesses the 16 most problematic factors confronting businesses in all...
The central bank has begun stakeholder engagements toward establishing an apex body for the problematic microfinance sector, in the likeness of the ARB Apex Bank which regulates rural and community banks.
In the wake of the DKM and other scandals, some players in the sector have been telling the B&FT...
Mr. Jai Mirchandani, Chief Executive Officer of Avnash Industries Ghana Limited - the country’s most formidable agro-industrial processing company, has said it is ready to invest over US$100million into government’s One District, One Factory (1D, 1F) policy to ensure its success.
“We are investing over US$100million from next year. I...
The first tranche of GH¢6 billion of the GH¢10 billion energy bond, which saw bids open yesterday, is expected to deepen the local corporate bond market.
With a total of GH¢36.64billion corporate and government bonds and notes listed on the Ghana Stock Exchange (GSE), only GH¢570.55million - representing 1.56 percent...
NPL ratio to reduce
Interest rates to drop
Private sector to be biggest beneficiary
The government’s roadshow to raise a bond to clear the much talked about energy sector debt, which is in excess of US$2.5billion, has excited bankers.
The roadshow for the long-awaited bond issuance saw some...
The Kumawuman Rural Bank Limited at Kumawu in the Sekyere Afram Plains district of Ashanti Region is set to rollout hybrid Automated Teller Machine (ATM) services at some of its branches.
This is in fulfillment of government’s rural branchless banking project, and the bank has completed all documentations and signed...