The Court of Appeal has, in a unanimous decision of a three-member panel, held that the judicial review application filed before the High Court challenging the revocation of the operating licence of a defunct microfinance company, TI Microfinance Limited, by the Bank of Ghana (BoG), was wrong in law. The...
After four decades of fostering integration through trade and finance, the global economy has begun a painful process of fragmentation. Initially driven by wealthy countries – namely, the United States under former President Donald Trump and the United Kingdom, following the Brexit referendum – several geopolitical forces have combined...
The cedi's recent revival appears to be on for a sustained run - on the back of increased forex liquidity amid the IMF's Staff-Level Agreement and government’s recent suspension of coupon payments on some external bonds as well as the Bank of Ghana’s interventions. The local currency stabilising around the...
Curtis William Brantuo (Esq.) has been appointed Deputy Managing Director of ARB Apex Bank PLC. His appointment took effect from December 1, 2022, and he will complement Alex Kwasi Awuah, who was appointed Managing Director of the bank in January this year. Prior to his appointment as Deputy Managing Director,...
……posts 962% growth in profit Okomfo Anokye Rural Bank PLC at Wiamoase in the Sekyere South District of Ashanti Region, having made determined effort to put the bank back on the path of growth and profitability, has recorded impressive growth in all indicators. The bank recorded a profit before tax of...
… as OA Pay presents better remittance services to its clientele The Chief Executive Officer of One Africa Technologies (OA Pay) – a free remittance platform, Tracey Abiola, has said one key way to harness the promising gains in the Fintech sector and boost its growth is by investing...
Professor Joshua Yindenaba Abor and Professor Charles K.D. Adjasi have launched a book at the Best Western Premier Hotel, Accra. The book, titled ‘The Economics of Banking and Finance in Africa: Development in Africa’s Financial Systems’, was published by Palgrave Macmillan (Springer Nature) and co-edited by the two eminent...
FBNBank Ghana has been adjudged the ‘Best Commercial Banking Brand’ and also the ‘Best SME Banking Brand’ at the 2022 Global Brand Awards ceremony held at the Dubai Palm Jumeirah-Waldorf Astoria recently. The Global Brand Awards were established with the aim of honouring excellence in performance and rewarding companies which...
United Bank for Africa (UBA) Ghana held the second in a series for 2022 SME capacity building in Kumasi at the Sunset Hotel. The initiative reaffirms the bank’s purpose to equip SMEs in the country with financial advisory services and requisite knowledge to expand their business. Speaking on the theme...
…posts 56% growth in profit   The Asante Akyem Rural Bank PLC at Juansa in the Asante-Akyim North District of the Ashanti Region has recorded a good performance in all financial indicators in the 2021 year under review. The bank recorded profit before tax of approximately GH₵454,000 for the year under...