Absa Group reported strong normalised headline earnings of R21billion for the 2022 financial year, an increase of 13 percent from the prior year and well above pre-COVID levels. The result was driven by significantly higher pre-provision profit which, in turn, was driven by very strong revenue growth of 15...
Banking Consultant Dr. Richmond Atuahene has warned that banks operating in the country could face insolvency if the International Financial Reporting Standard (IFRS) 9 is applied strictly, following their participation in the Domestic Debt Exchange Programme (DDEP).
Already, there are indications that foreign-owned banks, including South Africa-based Standard Bank and...
The Agricultural Development Bank (ADB) PLC has launched a new corporate strategy with a commitment to strengthen Agribusiness Financing to accelerate the achievement of its vision "to be the people’s bank, harnessing the transformational power of agribusiness for wealth creation."
The new corporate strategy, which was considered and approved by...
CalBank Plc has expanded its network by opening a new branch in the Bolgatanga Municipality of the Upper East Region to cater for the increasing demand for quality banking services from customers in the area.
According to the Chief Executive Officer of CalBank, Philip Owiredu, Bolgatanga has been identified as...
Non-interest banking and finance, also known as Islamic banking and finance, is a system of banking that operates based on principles that are in line with Islamic law (Sharia). These principles include the prohibition of interest (Riba), speculation (Gharar), and uncertainty (Maysir). Non-interest banking and finance products are designed...
Our lives begin to end the day we become silent about things that matter
…Martin Luther King, Jnr
Dear readers, last week I looked at the dilemma faced by bank staff when it comes to whistle blowing. Let us examine some of the problems that internal staff have to battle with...
Across the world, the digital revolution has fully taken over and the pervasive spread of digital technologies continue to create new opportunities for those with access to these new technologies. As revolutionary as it has been, however, a large chunk of the digital ecosystem across the world are controlled...
UBA Ghana hosted a special International Women’s Day event to celebrate and empower the women and reaffirm its mission to champion gender equality across the network of banks.
The March 8 event featured two of Ghana’s powerful and renowned speakers: Rev. Dr. Joyce Aryee, CEO of Salt & Light Ministries...
Domestic start-ups raised US$212million worth of capital in 2022 – an all-time record, the Ghana Innovation Ecosystem Report 2022 has shown.
According to the report, 71 percent of the total start-up funding came from venture capital firms, with financial technology firms (Fintechs) being the darling of the sector. They constituted 46...
Lender sets aside 1.5bn rand for Ghana bond losses
Bank concerned by debt levels in Nigeria, Kenya, Malawi
Standard Bank Group Ltd., Africa’s biggest lender by assets and the parent company of Stanbic Bank, is ready to re-capitalise its Ghanaian unit after making provisions to cover more than half...