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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Raymond Sowah appointed MD of GCB bank

bycitibusinessnews
April 11, 2017
in Banking And Finance, Business, Government, Local Economy, News, Top Stories
Mr. Raymond Sowah - GCB MD

Mr. Raymond Sowah - GCB MD

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The Board of Directors of GCB Bank Limited (GCB) has appointed Mr. Anselm Raymond Sowah, a seasoned banker and lawyer as the Managing Director of the Bank.

He replaces Mr. Ernest Mawuli Agbesi who resigned as MD of the Bank last week.

Mr. Sowah was a Banker in the City of London for 30 years and worked extensively in the erstwhile Ghana Commercial Bank London Branch, Ghana International Bank London and Bank of Montreal Capital Markets, London.

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He is a commercially astute Business Banker and Lawyer with a consistent record of success in optimising the market, revenue, profit and service performance of organisations operating in challenging environments.

He has held senior management positions in Compliance, International Trade Finance, Retail Banking, Business Development and in the UK Capital Markets.

Mr. Sowah has many achievements to his credit including liaising with James Capel and Lonrho in the sale of shares in Ashanti Goldfields Corp, drafting Foreign Exchange Retention Agreements involving Ghanaian gold mining companies, advising Ghana Commercial Bank, Ghana (now GCB Bank) and Social Security Bank on the sale of their shares to the Ghanaian diaspora and interpreting various financial legislation and their effect in practice.

Other achievements are building relationships with the Prudential Regulatory Authority and Financial Conduct Authority, UK and building significant relationships with money transfer companies.

He also played a lead role in the annual syndication of Ghana Cocoa Board´s receivables backed loans, the development of new correspondent banking relationships throughout West Africa and structured finance for the purchase of oil for Ghana.

Mr. Sowah attended Mfantsipim School, Cape Coast, and has a BA Honours Degree in English and Philosophy from the University of Ghana, Legon.

He is a Barrister at Law and Solicitor of the Supreme Court of Ghana and a member of the British Bankers Association, Business Council for Africa and the Association of Foreign Banks, all in London.

–

Source:  GCB

 

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