As conversations continue in earnest over the future of the nation’s economic fortunes, especially after the recent set of internal and external government-led debt restructuring exercises, there is a need for a robust domestic financial landscape led primarily by locally-owned banks.
This is the consensus from a number of key...
Development Bank Ghana (DBG) has revealed its plans to engage with policymakers, regulators and industry stakeholders to address challenges posed by the current macroeconomic environment and the Domestic Debt Exchange Programme (DDEP).
The challenging operating environment in 2022 has reflected in the banking sector, driven by macroeconomic conditions and implementation...
reaching a transaction value of US$1.26trn in 2022
The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected, with registered accounts, transaction values and deployments exceeding industry predictions.
Mobile money services are growing faster than predicted around the globe,...
Group Financial Highlights
The Board of Directors of Republic Bank (Ghana) PLC and its subsidiaries (‘the Group’) is delighted to report to our esteemed customers and the general investing public that, the Group has recorded impressive financial results albeit the global and local economic challenges as well as the impact...
The Development Bank Ghana (DBG) has received a seed fund of US$70million for its partial credit guarantee scheme, which will provide an additional layer of support for participating financial institutions (PFIs) to better manage risks associated with loan defaults.
The World Bank Group contributed US$50million of the amount, with the...
The 30th Annual Meetings of African Export-Import Bank (Afreximbank) will take place in Accra from 18 to 21 June 2023.
The event will mark the high point of the Bank’s year-long 30th anniversary celebrations, under the theme “Delivering the vision. Building prosperity for Africans”.
The 30th Afreximbank Annual Meetings and 30th...
We are living in a world increasingly dominated by technology. The rise of digital technology continues unabated and is reinventing even banking and other sectors of the economy. We have entered a period of exceptional destruction that is transforming how business is conducted and challenging the very foundation of...
The first prosecution witness in the criminal case against the former Chief Executive Officer (CEO) and owner of the defunct Beige Bank, Mike Nyinaku, has alleged that the bank was turned into a ‘cash-cow’ for the accused, whereby customer funds were siphoned at his will.
Julius Ayivor, a chartered accountant,...
proposes ₦2 per share dividend payout
announces expansion plans
Zenith Bank Plc, one of Africa’s leading financial institutions, recorded an impressive double-digit growth of 24 percent in gross earnings, its audited results for the year ending December 31, 2022, have shown.
Despite facing ongoing challenges from the macroeconomic environment and...
In the first edition of the Mobile Money Accounting series published on Wednesday, November 24, 2021 and titled ‘The Evolution of Mobile Money’, we sought to establish the genesis and progression of mobile money; its journey to market dominance in Ghana, and how the system works in terms of...
