The Emmanuel Cooperative Credit Union Limited has made significant gains, recording GH¢401,392 profitability in the 2017 year under review - representing 75.3 percent growth as against GH¢228,959 attained in 2016. Its Total Assets increased from GH¢4,461,574 recorded in 2016 to GH¢5,487,084 achieved in the year under review, 2017 - which...
Last week Barclays bank launched its maiden Barclays Africa Group Financial Markets Index which had Ghana ranking in the index that ranked the maturity, openness and accessibility of 17 markets in Africa based on both qualitative and quantitative criteria. Ghana ranked below South Africa, Mauritius, Botswana, Kenya, Namibia and Kenya...
The central bank has said it intends to expand its supervisory scope to cover holding companies in the financial services space, including those which have subsidiaries in the insurance, pensions and capital market sub-sectors. Speaking at the official launch of The Beige Bank, central bank Governor, Ernest Yedu Addison, said...
First National Bank Ghana, a subsidiary of the FirstRand group of South Africa, has introduced its merchant-acquiring solution into Ghana. Commonly known as a Point of Sale (PoS) device, this will be available to all qualifying businesses such as retail outlets, fuel stations, restaurants, churches etc. As one of the...
The maiden edition of the Barclays Africa Group Financial Markets Index has ranked the capacity of local investors in the country among the lowest of 17 financial markets on the continent. The survey, conducted in collaboration with Official Monetary and Financial Institutions Forum (OMFIF) and launched in Accra last week,...
Nordea Income Growth Fund Limited, the eight best company in Ghana, according the business ranking by the Ghana Investments Promotion Council’s (GIPC) Club 100, has once again posted impressive performance in 2016 financial year with a 20.46 percent income growth compared to the negative 15.33 percent recorded by the...
…introduces mortgage loans for land acquisition HFC Bank Ghana Limited has promised to make Mortgage loan processes simpler and faster to provide a better experience for existing and new applicants. This according to the bank, will cut short the long and cumbersome process new and prospective applicants for mortgage go through...
Despite the tightening of the public purse, which will see government expenditure controlled in 2018, the policies initiated by government do not support the idea that cash will be scarce in the economy, President of Groupe Ideal, Nii Kotei Dzani, has said. “It is true that the biggest chunk of...
Shareholders of Access Bank Ghana, one of the leading retail banks in Ghana, have approved a capital raising exercise worth GHs 450 million at an Extraordinary General Meeting (EGM) held on Tuesday December 12, 2017 at the Coconut Grove Regency Hotel in Accra. The additional capital to be raised by...
UniBank has secured over GH¢600million of fresh capital injection to position itself as one of the earliest banks to meet the central bank's increased stated capital requirement, a source close to the deal has told B&FT. In a move that is expected to repose some much-needed confidence in local banks,...