Access Bank Ghana has raised over GH¢221 million from Renounceable Rights Issue which ran from 04 June, 2018 to 03 July, 2018.
Management of Agricultural Development Bank Ltd (ADB) has postponed a planned Annual General Meeting (AGM) indefinitely.
The Bank of Ghana has annulled the acquisition of shares of Agriculture Development Bank held by Belstar Capital, Starmount Development company Ltd, SIC Financial Services Ltd and EDC Investments Ltd.
Policy think-tank, Centre for Economic and Business Research (CEBRE), is urging the Bank of Ghana (BoG) to prevail on commercial banks to reduce lending rates.
Barclays Africa Group Limited officially changed its name to Absa Group Limited Wednesday, 11 July.
The Bank of Ghana’s Monetary Policy Report for May, 2018, has revealed that credit advanced to the private sector moderated in both nominal and real terms, reducing by some 3.6 percent at the end of April 2018.
Despite moves by the central bank to sanitize the banking sector, the industry’s asset quality remains a source of concern as the Non-Performing Loans (NPLs) ratio remain high, the Bank’s Sector Report has revealed.
The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1. A development expert with over 30 years of experience, Ghanem will lead an active regional portfolio consisting of over 600 projects totaling more than $71 billion.
With the entire banking system moving away from the traditional way of banking to digital or electronic alternatives, expectations are that the issue of cloned cheques and other cheque related frauds will be on a downward spiral; not so however!
GCB Bank Ltd. has sought the approval of shareholders to declare a dividend of 10 pesewas per share for the financial year 2017.
JoyBusiness is reliably informed that the Board of Directors of Barclays Bank Ghana has nominated Abena Osei-Poku as the Managing Director of the bank.
Ecobank Ghana has sponsored 12 medical students from across the country to travel abroad for their 2018 medical training exchange programme.
Standard Chartered was named digital bank of the year at the Ghana Information and Technology Awards (GITTA).
Access Bank Ghana has appointed Kris Ifeanyi Njoku as its new Managing Director effective June 28.
Odun Odunfa shares his assessment of the banking sector in Ghana and presents First Atlantic Bank.
Ratings Agency Moody’s has described as a ‘positive’ the central bank’s new Capital Requirement Directive (CRD), which seeks to enhance the quality of banks’ capital by increasing the cushion that absorbs losses in times of stress.
Chairman of KPMG has admitted that Britain’s largest accounting firms risk eroding public trust in the profession after a series of scandals and must re-evaluate their business models to prevent conflicts of interest.
Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank has said.
Managing Director, FBNBank, Ghana has advocated career counselling to help guide students to make informed decisions about their career.
Governor of the Bank of Ghana, says the staff of the Central Bank is saddened by the passing away of the former vice president of Ghana, Paa Kwesi Amissah-Arthur.
African Development Bank (AfBD) has been ranked the fourth best company to work with in Africa, according to the 2018 Careers in Africa Employer of Choice Survey.
Board Chairman of BOND Savings and Loans PLC, has assured that the financial institution is in good fiscal standing to compete in its space.
Zenith Bank Ghana Limited, and Prudential Life Insurance Ghana, have entered into a long-term partnership.
Vice President, Dr Mahamudu Bawumia, has urged the Bank of Ghana (BOG) not to tie the hands of players in the Financial Technology (Fintech) sector when drafting the Payment System Bill in order to free up their innovative juices.
The employees of defunct Capital Bank and UT Bank have petitioned the President to personally intervene to facilitate the payment of their severance pay.
Chief Executive Officer of BOND Savings and Loans has said BOND is set to use technology to drive its activities in a bid to remain a market leader in the financial sector.
Ghanaian adults with access to a former financial service account increased from 29% in 2011 to 58% in 2017, a report has stated.
The BEIGE Bank says it is on course to meet the Bank of Ghana’s ¢400 million minimum capital requirement for universal banks by the end of December 2018.
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.
The GSE says the various processes required to make an IPO successful require time in excess of six months.
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.