… amid  election overrun concerns   Inflows from the International Monetary Fund (IMF) and World Bank are expected to provide some respite for the cedi as the country braces for the traditional surge in demand for foreign exchange during the festive season. With the third-quarter demand season less than six weeks...
By Lawrencia Asieduah OSEI In the world of finance, much like in life, we often find ourselves riding waves of fortune and misfortune. One moment, the winds are at our backs, and the next, we're bailing water from a leaking boat. Today, Ghana finds itself in the midst of a stormy...
By Deborah Asantewaah SARFO Affinity Ghana Savings and Loans has established its presence in the financial landscape after two years of operation. The company has pledged to safeguard public funds and uphold the highest standards of financial integrity. The Chief Executive Officer (CEO) of Affinity Ghana, Abdul-Jaleel Hussein, emphasised the institution's...
Fidelity Bank, Ghana's leading indigenous private bank, has entered into a strategic partnership with Mayfair Estates Ghana Limited to make homeownership more accessible. The collaboration aims to address the critical challenges of affordability and the housing shortage in Ghana. A Memorandum of Understanding was signed at the Mayfair Estates Property...
…with 10% loan allocation Fidelity Bank has allocated 10 percent of its loan portfolio to agriculture - more than three times the industry average - in a move geared toward bolstering the sector, especially, against looming climate threats. Recent data from PwC’s 2024 Banking Survey on 20 of the 23 banks...
In a significant effort to advance Ghana’s research and technological landscape, FirstBank Ghana lent financial support to the Council for Scientific and Industrial Research (CSIR’s) Science for Impact Fund. This donation highlights FirstBank's unwavering commitment to fostering innovation, propelling industrial development, and supporting community-driven projects through the application of cutting-edge...
Absa Bank Ghana continues to make significant strides in enhancing financial literacy among the youth through its ‘Money Matters’ initiative. Launched earlier this year, the programme has already impacted over 50,000 pupils across 78 basic and senior high schools nationwide, surpassing initial milestones and laying a strong foundation for sustainable...
…for premier, prestige, and business banking Absa Bank Ghana has recently upgraded its East Legon branch to serve Premier, Prestige, and Business clients. The upgraded services were unveiled in a short ceremony at the newly expanded and refurbished East Legon branch premises.  Absa’s top management and some esteemed clients attended...
… addressing youth unemployment, economic fundamentals, and legal challenges. By Kofi Anokye OWUSU-DARKO(Dr) Dr. Mahamudu Bawumia, the Vice President of Ghana, has proposed an ambitious initiative to implement a national credit scoring system. This system aims to make consumer products, particularly mobile phones, more accessible to the youth by allowing them...
By Eric Kekelli Segbefia ADZOR-DANIELS The financial sector plays a vital role in achieving sustainable development and mitigating climate change. As a key player in the global economy, banks have a significant impact on the environment and society. The Principles for Responsible Banking (PRB) provides a framework for financial institutions to...