OmniBank, the Small and Medium Enterprises (SMEs)-focused bank, is in talks with local and foreign investors to meet the Central Bank’s new GH¢400million minimum stated capital requirement.
But the increment in the bank’s stated capital will in no way affect its philosophy of supporting SMEs and youth development, but rather...
Vice President Dr. Mahamudu Bawumia has urged rural banks in the country to take advantage and make adequate use of the digitisation system being established in the country.
He said the National Identification Card and introduction of the digital addressing system will give unique identities to individuals and also assist...
Direct Savings and Loans Ltd, has been adjudged “Promising Savings and Loans Company” at the just ended 2017 Ghana Accountancy and Finance Awards (Ghafawards).
This took place at the maiden edition of the Ghafawards which came off at the Movenpick Hotel, Accra over the weekend.
The Ghana Accountancy and Finance Awards...
The African Export-Import Bank, Afreximbank, is putting strategies in place within the next four years to remove all intra-African trade financial bottlenecks - basically to bridge the intra-African trade financing gap of about US$25 billion.
Within this four-year period of strategising to deepen and enhance effective trade finance within the...
Rural and Community Banks (RCBs) that are yet to meet the GH₵1 million stated capital requirement set by the Bank of Ghana (BoG) by year-end will be given an extended period to recapitalise, BoG Governor, Dr. Ernest Addison, has hinted.
With barely two months to the deadline only 58, out...
The proposal for an increment in the minimum stated capital of security market operators by the Securities and Exchange Commission (SEC) is long overdue, given the growth in the sector and changing market dynamics, Bernard Osei-Tutu, Chief Executive Officer of Dusk Capital, has said.
“The new capital requirement is...
OmniBank has awarded scholarship grant to brilliant but needy student, Samuel Dorkenoo to pursue his academic programme at the Kwame Nkrumah University of Science and Technology.
The beneficiary student Samuel Dorkenoo, a first year student, KNUST, had early on dropped out of school due to financial difficulties and was referred...
…as GH¢5-6bn expected from minimum capital raise
With banks gearing up to raise their stated capital to GH¢400million each from the current rate of GH¢120million, the industry is expecting about GH¢5-6billion in fresh capital - and Frank Adu, Managing Director of CAL Bank, is urging his colleagues to be...
The outgoing President of the Association of Ghana Industries (AGI) James Asare-Adjei has disclosed that, the Association has established an Industrial Development Fund (IDF) in place of the bank it initially projected.
According to Mr. Asare-Adjei, the association in reviewing progress on establishing a bank, rather took decision to start...
The regulator of mobile money services, the central bank, has been urged to come up with an urgent policy that offers protection to consumers of mobile financial services in the event of any service provider’s collapse.
Isabelle Barres, VP of the Center for Financial Inclusion and Director of Smart Campaign...