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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

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    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Stanbic outdoors money app product to mobilize funds

bycitibusinessnews
March 25, 2016
in Banking And Finance, Top Stories
Alhassan Andani is MD of Stanbic Bank Ghana

Alhassan Andani is MD of Stanbic Bank Ghana

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Aimed at mobilizing excess funds in the system and empower the youth, Stanbic Bank Ghana has launched a new product known as the Stanbic Money App Challenge.

The Stanbic Money App Challenge is a national mobile app development competition aimed at engaging talented mobile app developers and teams all over Ghana, with the intention of creating innovative financial education tools that can help users better understand how to manage their money and achieve their financial goals.

Speaking in an interview with Citi Business News, the Managing Director of Stanbic Bank Ghana, Alhassan Andani said the bank is hoping to use technology to promote financial freedom among Ghanaians, while raising financial literacy awareness.

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“Ultimately, our objective is to encourage people to do the right thing so far as their finances are concerned while we make sure that technology is used to enable banks to become technology banks. What we seek to do is to throw a challenge to all the very clever and brilliant people we have in Ghana. All the young men and women who are so talented, we are asking them to enter this challenge. It’s an opportunity and it could be the path to greatness for so many people”, he said.

The Stanbic Money App Challenge submissions would be opened on March 28, 2016 for only apps related to the challenge verticals.

Each submission shall be evaluated and winners would be determined by some criteria that include ; Conformity with Financial Literacy, Creativity and originality of solution, viability of the concept to be built and published as a usable mobile app, and thoroughness of the submitted materials in compliance with contest rules, as well as guidelines and requirements.

The duration of the Challenge is four months, after which the judges will pick ten finalists to complete  the ultimate.

The prizes for the winners include; GH¢ 10,000, for the 1st 1st Prize,   GH¢ 5,000, for the 2nd Prize  , GH¢ 3,000 for the 3rd Prize  while the  4th to 10th Prize  wineers receive  GH¢ 1,000. In addition to the cash prizes, all ten finalists will receive goodies from Stanbic.

–

By: Norvan Acquah-Hayford/citibusinessnews.com/Ghana

 

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