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Most Ghanaians likely to invest or save extra income-Barclays Report

Barclays Bank

About 62% of Ghanaians are likely to invest or save extra income that come their way. This is contained in the 2014 Barclay’s Africa’s prosper report launched in Accra on Monday 28th October, 2014. Over 7000 people were surveyed in 11 countries across Africa including Ghana, South Africa, Zambia, Botswana, Kenya, Mozambique, Seychelles, Mauritius, Tanzania, Uganda and Zimbabwe. The Barclays Africa Prosper ...

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Standard Bank ranked in 2014 World’s Greenest Bank Report

standard bank

Standard Bank Group, Africa’s largest bank by assets and earnings, has been ranked 19th in the Bloomberg Markets World’s Greenest Bank Report. Standard Bank is the only African bank ranked in the top twenty, achieving a total overall score of 72.5. The bank also achieved a score of 76.8 for Clean Energy Investments and a score of 62.3 for Reducing ...

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Fidelity Bank & USAID sign agreement

Jim Baiden left (Fidelity Bank)& James Bever right(USAID)

Fidelity Bank Ghana Ltd (FBGL) and USAID/GHANA signed a US$3.9m agreement aimed at facilitating lending to Ghana’s health sector. The agreement outlines a model to provide funding for potential borrowing entities under private health facilities, such as hospitals and clinics, accredited by the National Health Insurance Authority (NHIA) or those seeking NHIA accreditation. Before partnering with Fidelity Bank, USAID used ...

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BOPP,ETI & Mega Africa lead gainers on GSE


Benso Oil Palm Plantation (BOPP) emerged the best performing stock on the Ghana Stock Exchange in the 3rd quarter of this year. Share Price for the oil palm company increased by about 41percent from 2 cedi 59 pesewas to 3 cedis 66 pesewas. The Ghana Stock Exchange in the third quarter of the year saw 9 companies record gains while ...

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Ghana’s downgrade will negatively affect gov’t bonds-Mahama


Investment analyst and Head of EDC Stock Brokers Mahama Iddrisu has told Citi Business News the recent downgrade of Ghana by Standard and Poor’s (S&P) will negatively affect government bonds. Mahama Iddrisu speaking to Citi Business news on the impact of the downgrade on the Ghana Stock Exchange said government bonds will be the worst hit. Standard and Poor’s on ...

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This is the best time to invest in Africa-Obasanjo

Olusegun Obasanjo

Former president of Nigeria Olusegun Obasanjo has urged investors to take advantage of investment opportunities in Africa now or regret later. According to him ”those who do not go into the terrain now will be missing an opportunity because they will not have this opportunity again” The former Nigerian President was speaking at the ongoing Global African Investment Summit in ...

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Ecobank launches premier banking in Ghana


Ecobank Ghana has unveiled its dedicated Premier Banking service, which is targeted at the bank’s high net worth customers. The stylish launch event was held yesterday October 17 at the Labadi Beach Hotel, Accra. It was attended by senior executives of Ecobank and dignitaries including, the Deputy Minister of Finance, Mona Helen K. Quartey, and Sir Sam Jonah, KBE, OCSG, ...

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Inflation hits 16.5 percent

Philomena Nyarko, Government Statistician

Inflation for the month of September hit a record rate of 16.5percent. This is the highest since December 2009. The September inflation rate is up from the rate of 15.9 percent recorded in August. The monthly inflation rate was -0.2 percent. Food inflation hit a rate of 5.8% up from 5.1% recorded in August. It was driven by mineral water ...

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Gov’t must subsidize agric insurance – NIC

Flickr group

The National Insurance Commission (NIC) has called on government to subsidize agricultural insurance products for farmers. The call comes at a time when the NIC says farmers in the country cannot afford premiums charged. In collaboration with the German International Cooperation (GIZ) the NIC launched an agricultural insurance policy to protect farmers against financial risks resulting from the negative impact ...

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Banks in Osu indicted for poor customer service

bank (3)

A survey conducted by the Customer Service Academy has revealed majority of banks operating in and around Osu, a suburb of Accra, have poor customer service. The survey which was conducted among 18 banks was to test if the banks were meeting industry specifications of customer service excellence. The month of October is known as the Customer Service Month around ...

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Ghana Business News