The Association Rural and Community Banks (ARB) has asked the Bank of Ghana (BoG) to come to the aid of rural banks that are in distress rather than closing them down.
President of the Volta Chapter of the ARB, Mr. Simon Nero Davor, said a number of rural banks are...
The total assets of rural and community banks (RCBs) have hit GH¢3.44billion, as at the end of the second quarter of 2017, and constituted 3.4 percent of total assets for the entire banking industry in Ghana, the Bank of Ghana (BoG) has disclosed
The total deposits of RCBs stood at...
The Advanced Structured Trade Finance Seminar and Workshops has opened on the Island of Sal in Cape Verde.
The event, which is 17th in the series, is put together by the African Export-Import Bank Limited, Afreximbank, and is expected to attract some 200 high-profile participants including chief executive officers, managing...
The Asante Akyem Rural Bank Limited at Juansa, in the Asante Akyem North Municipality of Ashanti Region, has posted a satisfactory growth in all financial indicators for the 2016 year under review.
The bank recorded a total deposit of approximately GH¢31.31million in 2016 as against a little over GH₵27.37million in...
Heritage Bank Limited, has introduced specialised remittance services for its customers and the general public. This follows successful integration with three globally recognised remittance partners - namely RIA Money Transfer, Western Union Money Transfer and MoneyGram respectively.
Customers and members of the general public can now access their remittances with...
Access Bank has rewarded another set of 20 winners in Ghana’s first family promotion in a brief ceremony held at its Osu Oxford Street Branch here in Accra. Winning the ultimate prize in the first mega draw, the Santanah Family took away a sleek 2017 Hyundai Tucson.
Other lucky winners...
As the government steps up to clear the US$2.4 billion energy sector debt, commercial banks would have to get their credit decisions right, moving forward, to spare the taxpayer another humongous debt in the future, Emmanuel Akrong, a credit consultant has said.
“Poor credit decisions” by commercial banks, he argues,...
The Bank of Ghana in 2015 raised the minimum paid-up capital requirement of all rural and community banks in Ghana from GH¢300,000 to GH¢1million. All the 141 rural and community banks were expected to raise their paid-up capital to GH¢500,000 by December 2016 and GH¢1million by December 2017.
As at...
After an unsuccessful move to enter the Ghanaian market some three years ago, American businessman and financial expert Bob Diamond has told the B&FT he has not abandoned his plans, as he considers Ghana a very viable business destination.
“Our plans have always been to invest in 10 to 15...
The various electronic payment options available to bank customers makes money at the bank almost the same as money in your pocket, that is according to the Chief Executive Officer of Ghana Interbank Payment and Settlement Systems (GhIPSS) Archie Hesse.
He said the days when people shied away from keeping...