Ghana Home Loans now GHL Bank is promising to change the way construction and mortgage financing is done in the country as it formally begins operations Wednesday.
The Vice President, Dr Mahamudu Bawumia has said that government in 2018 would ensure that every Ghanaian has a bank account.
Pan-African financial institution, United Bank for Africa (UBA) Plc has once again proven its leadership on the continent, as the Banker Magazine crowned UBA the “African Bank of the Year 2017”.
Ecobank, the leading pan-African banking group, has won “Bank of the Year” awards in five of its countries of operation.
Governor of the Central Bank has indicated that five banks have met the new minimum capital requirement of ¢400 million even before the deadline.
The Monetary Policy Committee of the Bank of Ghana has cut the policy rate by 100 basis points to 20 percent from 21 percent.
The Finance Minister has confirmed that government is working to merge adb and NIB in the creation of the National Development Bank.
Government has ruled out the creation of a new financial institution despite proposing the establishment of a new National Development Bank.
Banks and their customers will need to transform to make the recapitalisation exercise worthwhile.
The National Investment Bank (NIB) has donated ¢66,950 to the KMA in support of its recently launched Street Tree Planting Project toward the beautification of the Kumasi City.
Omni Bank said it has obtained five potential investors who will help it meet the Bank of Ghana’s new minimum capital requirement for banks ahead of the December 2018 deadline.
Chief Executive Officer of Anthemis - an investment and advisory firm focused on digital financial services, Nadeem Shaikh, has said banks have to get comfortable with the fact that they are good at some things and bad at others.
Standard Charted Bank is set to send its customers to Anfield, Liverpool on a fully sponsored trip as part of the football club’s 125th-anniversary celebration.
Chief Executive Officer of UBA Ghana, Abiola Bawuah, has been adjudged Finance Personality of the Year at the maiden edition of the Ghana Accountancy and Finance Awards in Accra.
Some of the country’s distressed banks have swung back into what can be described as “disturbing” financial distress.
HFC Bank Ghana, a subsidiary of Republic Financial Holdings Limited has announced a special loan package at a low-interest rate.
Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday.
Bayport Financial Services has merged with CFC Savings & Loans to operate as Bayport Saving and Loans PLC to provide better services to their customers.
Atwima Kwanwoma Rural Bank increase shareholder dividend amidst increased corporate tax
Energy Bank has been rebranded to Energy Commercial Bank to enable it to offer full-service as a commercial bank.
Stanbic Bank Ghana Limited has designed a system to address revenue leakage at the Korle Bu Teaching Hospital believes to be a major challenge.
Upcoming bankers have been urged to adhere to professional ethics and improve customer care services for the advancement and success of financial institutions.
Firms operating in the securities and capital market are set to have their minimum capital requirement increased.
Access Bank Plc has announced its intention to inject additional capital into the Bank’s operations in Ghana before the end of Q1 in 2018 after all regulatory requirements are fulfilled.
The nation’s leading mortgage provider, Ghana Home Loans has pledged to play a leading role in pioneering the implementation of EDGE certification in the local construction industry.
The First National Bank has introduced a new payment system that allows customers to transfer money to one another within the same geographical location.
Ghana’s banks face a daunting race to meet new capital rules by the end of next year.
The Managing Director of Energy Bank has kicked against segmentation of the minimum capital requirement directive for commercial banks by the Bank of Ghana (BoG).
When we think of banks, we typically have in mind our local bank branch that stores deposits and issues personal or business loans. Prima facie there is nothing wrong with this image.
Fidelity Bank has held its second draw of the 10x Richer Promo to reward five lucky customers in the Ashanti regional capital, Kumasi.
The Governor of the Bank of Ghana (BoG) has justified the decision for all commercial banks to have a minimum capital level of ¢400 million by December 2018.
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has kept its policy rate of 21 percent unchanged.
There is no doubt that the banking industry plays a very formidable role in any economy and for it to thrive, it must have a robust system that is well supervised and regulated.
First Atlantic Bank has announced it has finalized an agreement with Advanced Finance & Investment Group (AFIG Funds), for an investment in the Bank.
Stanbic Bank Ghana will on September, 26, launch the world’s leading economic indicator, the Purchasing Managers’ Index (PMI).
The Bank of Ghana has made key changes to various heads of department positions as well as also merge some units.
The Managing Director and Chief Executive Officer of Energy Bank Ghana, Christiana Ekaete Olaoye has received another award for being among the Top 50 Corporate Women Leaders in Ghana in 2016.
The National Investment Bank (NIB) has denied reports that it would soon be taken over by the Ghana Commercial Bank (GCB Bank).
Zenith Bank has indicated that it is willing to engage any commercial bank that may be struggling to meet the new capital levels, for possible acquisition.
Governor of the Bank of Ghana, Dr Ernest Addison, has blamed the lack of good corporate governance for the collapse of UT and Capital bank.
In all, about ¢9 billion could be pumped into the economy, now if this injection is not “met” with economic activities that could lead to inflation or call it, too much money chasing few goods on the market.
Capital requirement is the minimum amount of capital a bank or other financial institution has to hold as required by its financial regulator.
Bank of Ghana has outlined conditions for meeting the new capital level of GH₵400 million. According to a public notice by the Central Bank and signed by its secretary, Caroline Otoo , banks must recapitalize through fresh capital injection , Income surplus among others.
Fifteen banks in the country may struggle to meet the new capital levels introduced by the Bank of Ghana. This could force them to lose their license by January 1, 2019.
The Bank of Ghana has finally increased the minimum capital requirement for commercial Banks to ¢400 million from ¢120 million.
The GCAA want customers to feel safe, confident and secure when travelling.
Ecobank Ghana has clarified reports of massive layoffs at the bank. The bank recently laid off 181 contract staff.
First edition of the Ecobank Housing Fair has opened at the Aviation Social Centre in Accra. The fair forms part of the bank's resolve to help the country’s 1.7 million housing deficit.
GCB Bank has been adjudged the Best Compliance Employer of the year at the just ended Africa compliance professional awards in Accra.
The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking industry.
Finance Minister Ken Ofori-Atta has indicated that banks would be given up to a year to meet the new minimum capital requirement when the recapitalisation announcement is made.
The GCB Bank will review its lending rates downwards to the level of its existing corporate clients for the benefit of the corporate customers of the ex-UT and Capital Bank.