People who have no access to bank accounts or other financial services – typically women and the youth – are unable to send and receive payments or store money. This puts a brake on their contribution to economic growth.
On the other hand, when these excluded groups, particularly unbanked women,...
The annual Aggrey-Fraser-Guisberg Memorial Lectures, which was instituted in 1957 to commemorate three distinguished personalities in the nation’s history, is a major event in the life of the University of Ghana and indeed the nation as a whole.
The theme for this year’s lecture was ‘Nkrumah and the Making of...
"Commitment in the face of conflict produces character." - Mark Twain
Dear readers, last week I shared some sentiments about how relationship banking can be optimised as a risk management tool. I concentrated on how customer visits and face to face meetings with borrowing customers could reduce loan defaults to...
Imagine this scenario; you are the Chief Executive or Founder of a company. It may be new, in the growth phase, or mature and established. I offer to give you money, technological infrastructure, access to new markets, training for existing staff, and I bring in some other experts for...
The Ghana Cocoa Board (COCOBOD) signed a loan agreement in September last year with 25 banks to borrow US$1.3billion. The facility was critical in COCOBOD’s pursuit to purchase a total of 850,000 tonnes of cocoa from farmers for the crop season.
Amid fears that the loan cannot be repaid, the...
Identity fraud and fraudulent transactions are major risks in the global banking system, and that is why financial institutions go to great lengths in trying to insulate banks from cybercrime and other fraudulent activities.
In fact, PwC’s Global Economic Crime Survey 2016 revealed that cybercrime has now jumped to the second...
Performance Management is possibly the 2nd most confusing business process after Change Management. Performance Management is simply about promoting a continuous appraisal of employee effectiveness. This appraisal function can turn eventually into a continuous process where organizations / managers and employees liaise to enhance better planning, monitoring and reviewing...
