Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday.
Access Bank has relocated its old branch at the UBI Petroleum Station to an ultra-modern building on the main Lashibi Road, opposite Farm Vivian.
The Central Bank of Kenya (CBK) has published new regulations quadrupling the penalties that commercial banks will pay for failing to disclose the true cost of credit to customers, sustaining the pressure on the lenders already feeling the heat from the law capping interest rates.
Two commercial banks could soon be closed down by the Bank of Ghana if they fail to secure emergency funds to recapitalize their operations.
The United Bank for Africa (Ghana) Limited, on Saturday won “Best Bank - Product Innovation and Services” for its innovative cash transfer product across Africa - Africash - at the just concluded Ghana Banking Awards which was held at the Labadi Beach Hotel in Accra.
President Nana Akufo-Addo has nominated Dr John Kofi Mensah for appointment as Managing Director of Agricultural Development Bank (ADB).
Ecobank Ghana Limited has won the coveted Bank of the Year at the 16th Edition of the Ghana Banking Awards (GBA) held in Accra on Saturday.
OmniBank has once again emerged as the bank offering the highest interest on deposits according to the latest Bank of Ghana Average Percentage Rate and Average Interest data.
The chairman of the Board of Directors of the Ahantaman Rural Bank Limited, Vincent Blaychie Essien, has said the imposition of high rate of corporate taxes on rural banks is gradually affecting the operations of most rural banks in the country.
Nordea Capital Limited for the second year in a row was adjudged Best New Asset Management Company, Ghana at the recent Global Banking & Finance Review Awards organised in the UK.
Ecobank scored a double win after triumphing in two categories at the Euromoney Awards for Excellence 2017.
The Bank of Ghana must stay away from the practice of supporting weaker banks in the country, the Financial Analyst with the Trust Consult, Charles Mensah has warned.
Standard Chartered Bank Ghana Limited announced the launch of the Standard Chartered Visa Infinite and Visa platinum Credit Cards on July 5, 2017 in Accra.
Standard Chartered Bank has introduced the Visa Infinite Credit Card into the banking industry as a way of helping to improve Ghana’s quest to reduce the amount of physical cash flow in the country.
Some employees of the National Investment Bank (NIB) have described the Supreme Court ruling on the bank’s rice deal with Eland Ghana as timely.
Barclays Bank of Kenya (BBK) will close seven of its branches beginning October 1, putting at risk hundreds of jobs in the targeted units.
The Managing Director of OmniBank, Philip Oti- Mensah has dismissed assertions that SMEs continue to face lack of finance to propel their growth. Rather, he described the situation as absence of the right type of finance to help them grow.
FNB was voted first in the category ‘coolest bank’ in the 2017 Sunday Times Generation Next Survey for the sixth year in a row.
Shareholders of ADB have made drastic changes to the company’s regulations; key among them is limiting government “hold” on the bank.
The Supreme Court has overturned an earlier ruling by the Appeals court that compelled NIB to pay over 120 million dollars in Judgment debt.
The Chartered Institute of Bankers, Ghana (CIB), has advised the Bank of Ghana (BoG) not to announce a uniform capital requirement for the banking sector but create a tier system that can cater to the needs of the various banks.
Ecobank has presented almost GHC40 million as dividend payment to the Social Security and National Insurance Trust (SSNIT).
Atwima Kwanwoma Rural Bank is set to roll out social intervention programmes to improve conditions in Muslim and other deprived communities in its operational area.
The Non-Bank Financial Institutions play a critical role in building a strong and viable financial sector for the development of the national economy, an executive of the Bank of Ghana (BoG) has said.
The Lower Pra Rural Bank has increased its total deposit from GHC56 million in 2015 to GHC64 million in 2016 representing an increase of 14.3 percent.
Ecobank has secured shareholders’ approval to raise $400 million in its convertible bonds to restructure its operations and strengthen the group’s capital position.
Heritage Bank Limited one of the latest entrants into the Ghanaian Banking Industry, has signalled its preparedness to revolutionise the banking experience in Ghana with the launch of an ultra-modern flagship branch on Lagos Avenue, East Legon.
Cyber-fraud is the main factor accounting for the low internet banking penetration in the country. That’s according to latest survey conducted by audit firm, KPMG which focused on service quality in the banking industry.
Bank of Baroda has again emerged as the best institution to secure credit according to the latest Bank of Ghana Annual Percentage Rate (APR) and Average Interest (AI).
OmniBank has commissioned a Business Centre at the Pentecost University College as part of its Corporate Social Responsibility for 2017.
Government secured GHS739.39 million in bids from investors in Thursday's 3-year bond auction but accepted GHS705 million.
Microfinance Companies in the country have been asked to merge, as part of moves to strengthen and consolidate institutions in the sector.
Barclays UK has completed the final round of its share sale to reduce stake in Barclays Africa 23.4 percent.
Shareholders of GCB Bank unanimously shot down the decision by board members to increase the annual salaries for all Directors of the Board.
The strategic partnership between the Ecobank Group and Mastercard was recognised at the 2017 African Bankers Awards for ‘Innovation in Banking’.
Ecobank, the leading independent pan-African banking group, has announced the finalists in the ‘Ecobank Fintech Challenge,’ a competition for African technology start-ups launched in January 2017.
GN Bank has been adjudged the Overall best Subagent for 2016 at the just ended Western Union - Ecobank Subagents Awards Dinner.
Latest economic and financial data released by the Central Bank puts the country's debt stock at GHS127 billion at the end of March this year.
The World Bank signed a grant agreement with Solidaridad West Africa for Natural Resources Management in 53 selected local communities of the Brong-Ahafo and Western Regions of Ghana, Friday.
Bank of Baroda emerged as the best place to secure credit according to the latest Average Interest and Annual Percentage Rate APR released by Bank of Ghana.
Building on its long and proud history of developing businesses in Ghana, in October 2016 UMB unveiled the UMB Centre for Businesses in Ashtown, Kumasi.
Three lucky customers of Stanbic Bank have received their prizes in the first monthly draw of the Save to Gain Campaign.
Newly appointed CEO of Standard Chartered Bank Ghana Limited has reiterated the bank's continuous support of government's development agenda.
CAL Bank says it is implementing strategies that will help turn around its dwindling fortunes as the bank experienced a dip in profits for the first quarter of this year.
Standard Chartered Bank’s earnings report posted a profit before tax for the first quarter of 2017 reached GHS119 million.
Standard Chartered Bank customers can now enjoy instant transfers service to the bank accounts of other banks following the bank's successful integration of the GhIPSS Instant Pay.
The Board of Directors of GCB Bank Limited (GCB) has appointed Anselm Raymond Sowah, a seasoned banker and lawyer as the Managing Director of the Bank.
UBA shareholders approved the payment of $65million as final dividend for the financial year ended December 31, 2016, in addition to $24 million interim dividend paid after the audit of its 2016 Half Year Results.
A deputy Governor of the Bank of Ghana, Johnson Asiama, has urged financial institutions to see regulatory requirements key improving the banking sector.
GN Bank has reassured the general public and its customers that things are "firmly under control" after a robbery at one of its branches.
The Bank of Ghana (BoG) has underlined its total commitment towards ensuring that its operation is defined by the core values of transparency and integrity.
The customer call response rate in Ghana’s banking industry is just 21% at the branch level, according to a recent study.