Societe Generale Ghana says it is set to meet the new minimum capital requirement by September 2018 and also looking out for opportunities to acquire another bank.
UMB held a market forum to engage with their customers and non-customers in the central business district as part of activities to create awareness and increase usage for their mobile banking product, UMB SpeedApp.
Economist, Dr Lord Mensah has downplayed concerns that Ghana’s drive towards financial inclusion may be affected if banks merge with or acquire each other in a bid to meet the GH¢400 million minimum capital requirement by December 2018.
Managers of uniBank, KPMG confirmed it has received proposals from some private investors expressing interest to take over the operations of the bank.
First National Bank Ghana Ltd has launched the first-ever cash rewards programme in Ghana that rewards customers for everyday non-cash transactions.
Standard Chartered Bank has appointed Dr Emmanuel Oteng Kumah as its new Board Chairman.
Governor of the Bank of Ghana, Dr Ernest Addison, has underscored the importance of corporate governance, saying that, it promotes sound financial system.
United Bank for Africa (UBA) has launched a set of mobile banking apps as part of efforts to broaden financial inclusion in the financial sector.
Executive Secretary of the Ghana Association of Savings and Loans Companies (GHASALC), Tweneboah Kodua Boakye has challenged the Bank of Ghana to set clear policies for savings and loans companies in the country.
Government’s agenda to reduce the unbanked population and increase financial inclusion is gaining significant ground.
In line with its community-oriented and people-centred approach to business, Heritage Bank Limited brought delighted smiles to the faces of children at the King Jesus Charity Home in Boadi, Kumasi.
GN Bank is now turning its attention to London to soon establish a presence in that city, owner of the Bank, Dr Papa Kwesi Ndoum has said.
The country's premier indigenous bank, GCB Bank, is celebrating its 65th Anniversary with the launch of CSR projects across the country at a total cost of ¢100,000.00.
Economist and former Chief Executive of Unilever Ghana, Ishmael Yamson has announced his retirement from the Board of Standard Chartered Bank Ghana.
Shareholders of Standard Chartered Bank unanimously approved moves by the bank’s board to move its 2017 income surplus of GH¢302 million to its stated capital in order to meet the new minimum capital requirement.
Bayport Savings and Loans has disclosed it will be raising ¢300 million through the issue of a corporate note on the Ghana Stock Exchange after the required regulatory approval from the regulators of the capital markets.
The Central Bank has attributed the cedi’s sustained depreciation to some external pressures, assuring they are working to ensure the challenges are dealt with soon.
One of the largest banks in the country, Ecobank Ghana is planting trees across the country to mark World Environment Day.
Wife of the Vice President Samira Bawumia has tasked institutions mandated to keep the environment clean to ensure plastic waste are properly disposed of.
Ghana Commercial Bank (GCB) Ltd. said it received a GH¢2.2 billion ($461 million) bond from the central bank for taking over the assets of two failed lenders in 2017.
Bankers, under the umbrella of the Ghana Association of Bankers (GAB), are optimistic that cost of funds to the lending public will be moderate in the coming days as the new benchmark interest rate – the Ghana Reference Rate (GRR) – continues to tumble.
The following is an interview with Managing Director of Heritage Bank, Patrick Fiscian, on the occasion of the bank’s first anniversary.
The latest GCB Bank group 2017 financials showed the profit for the year declined from ¢318 million for 2016 to ¢234 million Ghana which is a significant decline in profits for last year.
The Central Bank has directed struggling banks which are unable to meet the ¢400 million recapitalization to submit their merger proposals for consideration.
The Bank of Ghana (BoG) has released a full transcript of its engagement with the media during its Monetary Policy Committee (MPC) meeting recently held in Accra.
Lands and Natural Resources Minister, John Peter Amewu, has indicated his preparedness to support the Central Bank in sanctioning gold buying firm, Menzgold.
In a couple of weeks the central bank will unveil its much-awaited Cyber Security Guidelines and Regulations to guide banks in their fight against cybercrime and electronic money fraud.
Fidelity Bank has organized a summit for SMEs to interact with them on how the bank can better assist their businesses to grow.
As part of its mission to improve the lives of the communities in which the United Bank for Africa operates, UBA Foundation continues to encourage African youths to adopt the culture of reading through its ‘Read Africa’ initiative.
Barclays has been privately exploring a possible merger with rival international banks, including Standard Chartered, in response to pressure from an activist investor who has become one of its biggest shareholders.
Governor of the Central Bank has said the public will know the banks likely to miss the recapitalisation by July.
President Akufo-Addo has called on the Central Bank to look for ways to strengthen the local banks in the country.
The Governor of the Central Bank has disclosed that staff of the Bank who were compromised in the supervision of the collapsed banks would face the music.
Bank of Ghana has indicated that it would soon take action against gold buying firm Menzgold after preliminary investigations found it was taking deposits without approval.
The president, Nana Akufo-Addo says the recent events in the banking sector is a major source of concern to his government and must be for any well-meaning Ghanaian.
Ecobank has won the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony in London.
Dr. Papa Kwesi Nduom, has announced that the USA banking regulator has approved the changing of the name of the ISF Bank to become GN Bank, USA.
The Economic and Organized Crime Organization has exonerated the Central Bank of any wrongdoing in the contract award for the mobile money interoperability platform.
Kosmos Energy has responded to a distress call to save some communities at Offinso from waterborne diseases with the provision of a $100,000 water purification system.
Stanbic Bank Ghana in partnership with Vodafone has staged the maiden edition of the Women in Entrepreneurship Workshop
Managing Director of CalBank, Frank Adu Jnr has called for some divisions in the role of the central bank of Ghana to enable it to perform efficiently in its supervisory role.
Managing Director of CalBank, Frank Adu Jnr has disclosed that the bank will continue to operate efficiently even if he retires from the institution.
Stanbic Bank has indicated its preparedness to acquire another bank as a growth strategy.
Ghana’s formal private sector is eagerly expecting a major cut in the benchmark Monetary Policy Rate to be announced on Monday next week, following the latest meeting of the central bank’s monetary policy committee, which begins today and will end on Friday.
Barclays Africa Group Ltd shareholders today approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time.
Second Deputy Governor of the Bank of Ghana, Mrs Elsie Awadzi has expressed optimism that many banks will meet the minimum capital requirement of ¢400 million by December this year.
FBN Bank is in a good position to meet the ¢400 million minimum capital requirement of the Central Bank.
A former Deputy Governor of BoG has rejected suggestions that the contract awarded for the building of an interoperability system under the Mahama administration was overpriced.
Ecobank Ghana is set to meet the new minimum capital requirement by June this year.
Management of Ecobank Ghana has decided not to pay dividends to shareholders of the bank for last year.
Fidelity Bank has presented GHS 50,000 each to the three ultimate winners of its flagship 10x richer campaign.