Access Bank raises over GH¢221m from Renounceable Rights Issue

Access Bank Ghana has raised over GH¢221 million from Renounceable Rights Issue which ran from 04 June, 2018 to 03 July, 2018.

ADB postpones planned AGM indefinitely

Management of Agricultural Development Bank Ltd (ADB) has postponed a planned Annual General Meeting (AGM) indefinitely.

Premium, Sahel, GN Bank set to merge pending BOG’s approval

Premium Bank, Sahel Sahara bank and GN bank have sealed talks that would lead to merging the three institutions.

Latest Stories From Banking
BoG annuls acquisition of ADB shares by Belstar Capital, others

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.

Posted: 2 days ago   Views: 9533
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Central bank urged to adopt interest rate cap policy

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.

Posted: 5 days ago   Views: 3545
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Barclays Africa changes name to Absa; Barclays Ghana to be renamed later

Barclays Africa Group Limited officially changed its name to Absa Group Limited Wednesday, 11 July.

Posted: 7 days ago   Views: 6235
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Private sector loans drop by 3.6%

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.

Posted: 7 days ago   Views: 3881
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Banks' Non Performing Loans hit GH¢8.6bn - BoG

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.

Posted: 8 days ago   Views: 4659
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Hafez Ghanem takes over as World Bank’s Vice President for Africa

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.

Posted: 9 days ago   Views: 5303
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Cheque frauds on the rise, even as banks turn to digitize systems

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!

Posted: 9 days ago   Views: 5981
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GCB declares dividend for 2017 despite tough financial year

GCB Bank Ltd. has sought the approval of shareholders to declare a dividend of 10 pesewas per share for the financial year 2017.

Posted: 12 days ago   Views: 4736
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Barclays Bank Ghana nominates Abena Osei-Poku as Managing Director

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.

Posted: 12 days ago   Views: 38816
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Ecobank Ghana sponsors 12 medical students

Ecobank Ghana has sponsored 12 medical students from across the country to travel abroad for their 2018 medical training exchange programme.

Posted: 12 days ago   Views: 4835
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