Banks are still waiting on the Central bank to offer specific guidelines on the measures introduced - including reduction in interest rates and reserve requirements to combat impacts of the Coronavirus pandemic, since being without timelines and durations makes planning difficult.
Despite their introduction in March, 2020 - with banks...
Finance Minister Ken Ofori-Atta is scheduled to present the 2020 Mid-Year budget on 23rd July, 2020 in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921. The 2020 budget is themed ‘Consolidating the Gains for Growth, Jobs and Prosperity for all’, with the...
Credit unions worldwide will celebrate International Credit Union (ICU) Day on Thursday 20th October 2022, to mark the immense role being played by financial Cooperatives in improving the livelihoods of their members. The Day is recognised to reflect upon the Credit Union movement's history, promote its achievements, acknowledge the...
Savings and Loans Company, Best Point and an education promotion organization, LearnRite, have partnered to offer parents the opportunity to acquire Senior High School (SHS) learning materials for students at flexible terms. In collaboration with its astute partners – Approachers Series, Concise Mathematics, KOV's Series, Atta Kay among others,...
In accordance with the provisions of the Insurance Act, 2006 (Act 724), mandating Insurance Companies to separate the general insurance business from the life business, QLAC was established.
Quality Life Assurance Company Limited (QLAC) was incorporated on 23rd October 2007. The Company commenced operation on the 1st of January 2008. Before then...
The rural banking concept was introduced in 1976 with the launch of Nyakrom Rural Bank in the Central Region.
The rural banking model’s policy intent was to fill the financial inclusion gap in rural communities which were seen to have been left behind by the privilege enjoyed by urban dwellers...
For most financial institutions globally, 2020 Financial Year (FY2020) is likely to be described as a year of abysmal performance, an outlier which caste malignant spell on important financial indicators, especially liquidity and profitability. Unavoidably, Microfinance Institutions (MFIs) are spared by this imminent spell. This is because; MFIs predominantly...
... records satisfactory growth
The Nwabiagya Rural Bank Limited at Barekese in the Atwima Nwabiagya district of the Ashanti Region has recorded a satisfactory operational growth of 13 percent in the 2021 year under review.
The Board Chairman, Andrews Kwarteng Amanning at the bank’s 34th Annual General Meeting (AGM) held...
The global economy will be shaped in the years ahead by three trends. The relationship between markets and the state will be rebalanced, in favor of the latter. This will be accompanied by a rebalancing between hyper-globalization and national autonomy, also in favor of the latter. And our ambitions...
It is such a pity that modern Ghanaian society has become so polarized that freelance writers and especially those who choose to write on banking related issues have to be extremely careful in what they write, when, and even how to write, lest they are branded as belonging to...