First National Bank Ghana has launched ASPIRE (Accelerated Support for Pandemic Intervention and Relief Effort) to assist the government and its stakeholders in mitigating the impact of the COVID-19 pandemic.
ASPIRE is a rapid response fund to address the critical and immediate health care needs in Ghana. Richard Hudson, CEO...
Expected credit losses
Keeping employees safe
Cybersecurity issues, etc.
Banks should brace for substantial credit losses, increased cybersecurity challenges and increased cost in keeping employees safe as the novel coronavirus (COVID-19) continues to wreak havoc on all sectors of the economy, a report by PricewaterhouseCoopers (PwC) has said.
The report,...
The Bosomtwe Rural Bank Limited at Kuntanase in the Bosomtwe district of Ashanti Region has
presented Personal Protective Equipment, PPE and disinfectants to four institutions in its operational territories.
The beneficiary institutions include Kuntanase District Hospital, Bosomtwe District Police Command, Asokwa Police Divisional Command and Suame Police Divisional Command.
The donated items...
The Amantin and Kasei Community Bank Limited, headquartered at Amantin in the Bono East Region, has supported the national fight against spread of coronavirus in the country by donating assorted items to deprived health facilities in its catchment area.
The items donated by the bank are ten Veronica buckets, ten...
Amenfiman Rural Bank Limited at Wasa Akropong in the Wasa Amenfi East District in the Western Region has put together some relief interventions to cushion clients to ease the financial difficulties in this era of COVID 19.
The CEO of the Bank, Dr Alex Asmah, in an interview with Business...
push gov’t to aid in release of locked up funds
consider laying off staff
COVID-19 worsens situation
The Ghana Cooperative Credit Unions Association (CUA), the union responsible for regulation and supervision of all credit unions in the country, has appealed for government to see to the release of its...
The Central bank has announced the establishment of a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda. The regulatory body said the emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively. The setting...