Africa’s largest payment gateway, MFS Africa, has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories. The partnership will enable funds to be sent from countries around the world to mobile wallets across Africa through the organisation’s licenced...
The Development Bank Ghana (DBG) has initiated efforts to address challenges in some key sub-sectors in the agricultural industry, as part of plans to boost food security and reduce the weight of food imports on the cedi and economy at large. The bank is currently engaging stakeholders to identify potential...
Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group - the leading pan-African banking group, is pleased to announce that Jeremy Awori has officially assumed his role as Chief Executive Officer of the Ecobank Group. Jeremy Awori, commenting on his new role said: “It's a fantastic opportunity to take Ecobank...
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has enjoined boards and shareholders of banks and other deposit-taking institutions to act quickly to address early signs of distress to mitigate the risk of failure, which has ramifications not only for depositors, but also for the stability of...
The trial of the former Chief Executive Officer of defunct Beige Bank Limited, Michael Nyinaku, has been adjourned to March 10 over a misunderstanding between him and his lawyer. The Economic and Financial Crime Division of the High Court in Accra adjourned the case after Mike Nyinaku, who has been...
For the cryptocurrency industry, 2022 was a year of immense upheavals - causing governments, consumers and other associated stakeholders to question the debated topics of trust, credibility and user protection in the cryptocurrency industry. Overall, this has created a need for organisations and leaders within the space to consistently reiterate...
CapitalPlus Exchange (CapPlus) has announced the winners of its 2022 Sales Champion Challenge in recognition of their exceptional demonstration of new mindsets and practices to increase lending to small businesses. The Sales Champion Challenge is a competition among banks participating in the Financial Institution Resilience and Strengthening (FIRST+) programme which aims at...
Ghana is in dire need of revenue to keep its economy afloat, and tax income is its surest bet. As talks with the International Monetary Fund drag, the state tax collector - Ghana Revenue Authority (GRA) - is on an unconventional drive to shore-up its domestic revenue to underpin...
The Bank of Ghana has been named RegTech of the Year at the Ghana FinTech Awards 2022 for its efforts in promoting responsible innovation in the financial services sector. The Bank of Ghana was recognised for its consistency in formulating appropriate regulations to support new and innovative service offerings...
Development Bank Ghana (DBG) plays a countercyclical role to support local businesses when they need it the most. In partnership with our universal banks, DBG is tirelessly working to bring support to our private sector in order to spur a quicker recovery leading to growth and sustainable prosperity for our...