By Samuel LARTEY (Prof)
In recent years, Ghana has witnessed a significant push toward digital financial inclusion, driven by the rapid growth of fintech and mobile banking technologies. According to the World Bank, by 2022, nearly 70% of Ghanaians had access to financial accounts, largely due to the proliferation of...
By Dela Herman AGBO
CAL Bank PLC, a prominent player on the Ghana Stock Exchange (GSE), has faced a challenging 2024. The bank's stock, which started the year at GHS 0.48, has seen a significant decline, dropping to GHS 0.31 as of August 28, 2024.
This represents a Year-to-Date (YTD) performance...
The role of interest rates in shaping economic landscapes is deeply rooted in history. It has been influenced by evolving monetary policies, cultural beliefs, and responses to financial crises. By tracing this historical evolution, we can better understand the current role of rates and anticipate how they might adapt...
By Lawrence DANIELS (ACIIG)
Evolving at a break-neck pace due to strong competition and new policyholders’ needs, it becomes crucial to revise or update the insurance policy text or documents. In this regard, insurance companies need to update their policy documents to these current trends to remain relevant in the...
The main auditorium and upper quarters of the Great Hall of Kwame Nkrumah University of Science and Technology (KNUST) were flooded with tertiary education students from across Ghana as they gathered for the first edition of the ‘Entrepreneur in You’ campus tour organised by Maxwell Investments Groups (MIG).
‘Entrepreneur in...
FinTechs KoinKoin and SR FINANZMANN, have closed a $2 million private funding round in major boost to their corporate over-the-counter (OTC) business for foreign exchange and digital assets.
The funding will support the growth and expansion of the technical FX across both businesses, especially in Africa, facilitate technical upgrades and...
Definition of Credit Bureau Agencies
Credit bureau agencies are specialised organisations that gather, maintain, and share credit information about individuals and businesses. They play a vital role in the financial ecosystem by giving lenders insights into a borrower’s credit history, outstanding debts, payment behaviour, and overall creditworthiness. These agencies thus...
posts GH¢32.8m after tax
Despite facing economic challenges in the year under review, Zeepay - a prominent player in cross-border payments operating as an innovative mobile money firm - grew its pre-tax profit to GH¢43.9million at the close of 2022, its annual report for the period has shown.
Following a...
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...
GCB Bank PLC at the weekend reestablished itself as Ghana’s number-one financial institution, when it was adjudged top in financial services at the Ghana Club 100 awards.
GCB Bank PLC was named the tenth-best performing company/bank at the 19TH Ghana Club 100 Awards ceremony in Accra on Friday. The event...