Homeownership is one of the most rewarding experiences in one’s lifetime. It is an important decision to make and requires the right type of financing options to suite the purpose. Buying your first home has been made easy through Republic Bank’s Home Purchase products. Existing homeowners can also take...
By Joshua Worlasi AMLANU [email protected] The Bank of Ghana’s latest Collateral Registry report for the fourth quarter of 2023 reveals a significant decrease in the total value of secured loans granted and registered by banks and Specialized Deposit-taking Institutions (SDIs). Compared to the same period in 2022, there has been a...
In a significant step toward supporting Ghana's industrialisation agenda while empowering young people, Fidelity Bank Ghana - the nation’s largest privately-owned bank - has generously donated GH¢110,920 to the Design & Technology Institute (DTI) in Accra. This contribution, which was championed by the bank’s Corporate and Institutional Banking Department, will...
It is argued that in Ghana Small and Medium Enterprises (SMEs) rely primarily on the personal savings of owners, business profits, family members or friends for their financial needs. In addition, many small businesses are believed to be running their operations from the personal account of their owners. “The misconception...
...An interview with Julian Opuni,Managing Director, Fidelity Bank How has the Ghana identification card impacted the financial sector? JULIAN OPUNI: The Ghana Card has significantly benefitted Ghana’s financial sector by enhancing security and reducing risk. It serves as a robust means of identity verification featuring advanced biometric features, real-time data...
The Board of Directors of the African Development Bank Group approved the proposal to take an initial stake of up to US$10million in the ‘Alliance for Green Infrastructure in Africa – Project Development’ (AGIA-PD) fund in Abidjan on 24 January 2024. Part of the Alliance for Green Infrastructure in Africa...
The Pan African Payment and Settlement System (PAPSS) has announced the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth central bank member. This is further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent. PAPSS, developed by African...
Access to financial services continues to play a pivotal role in driving economic growth in nations across the globe. In the wake of rapid post-COVID-19 structural transformations in economies worldwide, the issue of financial inclusion has taken centre stage in national policy discussions. Financial inclusion stands as a vital...
Ghana’s Finance Minister Ken Ofori-Atta argues that digital technologies and responsible payment systems have a major role to play in climate adaptation and climate emergency responses. The ‘Global Stocktake’ during COP28 in Dubai last December will be seen as a critical milestone for African economies for at least two reasons: the agreement...
First National Bank has achieved the prestigious International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) 27001:2022 certification for implementing a comprehensive system for managing and dealing with data security risks. As an international standard organisation, the ISO/IEC 27001 sets the requirements for establishing, implementing, maintaining, and continually...