Barclays Africa is to change its brand name to Absa Group subject to the necessary regulatory and shareholder approval, Group Chief Executive, Maria Ramos, disclosed on Thursday. “We’ll be Absa, not as you know it but re-launched, re-presented and with an identity fit for the new and forward-looking business we...
Vodafone Ghana has opened an ultra-modern retail shop in Tamale as part of efforts to extend quality services to people of the Northern Region. The new shop, which was unveiled at a brief ceremony, has been re-designed to meet Vodafone’s global retail standards.  It is equipped with a state of...
HFC Bank Ghana Limited, has signed a Memorandum of Understanding (MoU) with real estate giants, Regimanuel Gray Limited to provide financing for their developed houses and new serviced plots to interested customers. The signing ceremony took place at the Head office of HFC Bank Ghana Limited, a subsidiary of Republic...
As part of its efforts to support and promote the UAE’s Year of Giving initiative, Dubai Chamber of Commerce and Industry has announced that it has expanded its activities under the national framework to its representative office in Ghana. The Chamber recently donated text books, story books, workbooks, and other...
Revenue of GH₵676.7millon; 9% growth over 2016 Profit before tax of GH₵422.3million up 22% over 2016 Strong and resilient balance sheet Standard Chartered Bank Ghana Limited, has posted a strong profit before tax of GH₵ 422.3million in 2017 representing 22% increment over the previous year (2016) with earnings per...
The Parent Company of HFC Bank, Republic Financial Holdings Limited (RFHL) reported a profit of $1.25 billion for the Group’s financial year ended September 30, 2017.  This was highlighted in the 2017 Annual Report of the Group. In the Chairman’s review message Mr. Ronald F. deC. Harford stated that the...
A sharp increase in the number of stevedore companies at the country’s ports without a corresponding increase in demand for labour has made the loading and unloading business unprofitable, with many of the firms considering layoffs. The number of stevedore companies has increased from seven to 20 recently, while four...
Banks and other businesses in the country are simply paying lip-service to the critical issue of cyber security, with regulatory inaction being a major contributory factor, Del Aden, Managing Partner at cyber security firm, Delta 3 International, has said. “There is a lot of talk but not enough action or...
Vice-President Dr. Mahamudu Bawumia has said government is working on a roadmap that when adopted will ensure a ‘significant’ portion of gold and cocoa beans produced locally are also processed locally. Dr. Bawumia, speaking at a conference on Fiscal Management of Mining and Petroleum in West Africa organised by the...
The Minister of Finance, Ken Ofori-Atta, has said the government was hard against time to address challenges with payment of arrears to contractors. But the Minister was quick to add that, his Ministry was also ensuring that due diligence was done to avoid paying fraudulent claims. Speaking to financial and economic...