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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

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    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

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

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    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

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    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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Ghana Association of Bankers to support COVID-19 fight with GHS10m

byNerteley Nettey
March 24, 2020
in Banking And Finance, Business, Top Stories
Mr. D. K. Mensah, CEO, Ghana Association of Bankers.

Mr. D. K. Mensah, CEO, Ghana Association of Bankers.

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As part of efforts to mitigate the impact of the Coronavirus on the financial services sector, the Ghana Association of Bankers has announced that it is donating ten million Ghana Cedis (GHS 10,000,000.00) to government, towards the purchase of critical equipment for managing the COVID-19 pandemic and for the purposes of public education.

“This is to ensure sustainability of the industry and the economy,” the Association announced in a statement signed by its Chief Executive Officer, Mr. D. K. Mensah.

Ghana has already recorded 27 cases of the disease with two deaths.

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The Association has also asked all members to make available a common access when required to each other’s Branch Networks, ATMS, and GhIPSS platform among others, in cases of distress due to the pandemic.

In addition, all financial institutions are to make sure cash would be regularly sanitized to safeguard public health and current overnight limits will be increased to provide market liquidity to ensure that critical banking services are readily available to customers.

The Association also encouraged the public to patronize the various digital channels as it waives off internet banking charges and the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) charges for the period of the COVID-19 outbreak.

“To encourage the increased use of digital channels, the Ghana Association of Bankers shall for the period of the COVID-19 pandemic waive off Internet banking charges, charges on the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) Instant Pay (GIP), Mobile Money Interoperability which is applicable to only transfers from Ghs 100 and below excluding cash-out, and ACH Direct Credit,” the statement noted.

“To facilitate interoperability within the financial sector, member banks will work with Mobile Money service providers during the period of this crisis to put in place measures in the interest of the general public,” it added.

Though these measures will be reviewed after a period of three months, the Association states that it will continue to monitor the likely consequences of the pandemic on the banking sector and actively take steps to mitigate possible impact on customers, employees and the general public.

Ghanaian banks announce safety measures to combat COVID-19

Already, banks in the country are deploying safety measures to curb the spread of the novel Coronavirus following some directives issued by the Bank of Ghana. Messages sent out to customers by the banks urged their clients to remain calm as they collaborate with major health authorities to ensure their safety.

With currency notes found to be one of the conduits for the spread of the COVID-19, Stanbic Bank in a message advised its customers to ensure they have less contact with banknotes while admonishing the use of digital channels.

According to Ecobank, “It is collaborating with key health agencies on COVID-19 to ensure your safety while you do business with us”.

The Bank of Ghana has also introduced a number of incentives to help banks and other specialized deposit taking institutions to withstand a possible impact of the spread of the COVID-19 pandemic.

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AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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