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    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

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    Plans are underway to complete a fertilizer, railway projects in Ghana – Afreximbank

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    KGL Group hosts Nigeria Lottery Regulatory Commission CEO Mr. Lanre Gbajabiamila

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    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    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

    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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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    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

    Bawumia calls for more AfDB support as African economies battle global challenges

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

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    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    President and Board Chairman of Afreximbank, Prof Benedict Oramah

    Plans are underway to complete a fertilizer, railway projects in Ghana – Afreximbank

    Free SHS and other programs must be redesigned now – Seth Terkper

    KGL Group hosts Nigeria Lottery Regulatory Commission CEO Mr. Lanre Gbajabiamila

    IMF team arrives in Accra on Wednesday to begin bailout talks with gov’t

    Fuel prices to go up as NPA announces restoration of UPPF margin

    GHASALC laments drop on number of digital transactions following e-levy

    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

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    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    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

  • TECHNOLOGY

    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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    • Asia
    • Europe
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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    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

    Bawumia calls for more AfDB support as African economies battle global challenges

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

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UBA Ghana appoints Balogun Olalekan as new CEO

byLawrence Segbefia
May 13, 2020
in Banking And Finance, Top Stories
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The Board of Directors of United Bank for Africa (Ghana) Limited (UBA Ghana), has appointed Mr. Olalekan Balogun as the new Managing Director / Chief Executive Officer of the Bank.

His appointment took effect from 08 May, 2020.

He has replaced Mr. Isong Udom, who has been the Managing Director / Chief Executive Officer of the Bank since March 2018, and now re-assigned to UBA Plc, Nigeria.

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Prior to his appointment, Mr. Balogun was the Managing Director / Chief Executive Officer of UBA in Liberia where he led a major transformation since June, 2016 and grew the Bank to become dominant player in that country.

He has over twenty-Five (25) years banking experience having joined United Bank for Africa Plc. as a fresh graduate in June 1994 and has led and managed various departments and operations of the Bank.

As a Board, “we are delighted to have someone of Olalekan’s caliber and experience to continue the Bank’s growth strategy. At this critical moment in the financial services industry, we believe that his experience will greatly help in the successful implementation of our strategy” Hon. Kwamena Bartels noted.

UBA Ghana is the biggest subsidiary operation of UBA Plc outside of Nigeria in the twenty (20) countries. The board believes that Olalekan’s experience from other jurisdictions will be useful in improving what we are already doing in Ghana, making us a major force in the industry.

Background

Olalekan Balogun affectionately known as Lekan has acquired wealth of experience ranging over twenty years in banking.  Lekan joined United Bank for Africa Plc. in June ’94 as an Operation Staff and moved to Marketing a year later. He quickly rose through the ranks to becoming a Relationship Manager in charge of Commercial Banking. As a result of his excellent performance, he rose rapidly to the level of Manager in six (6) years.

In August 2000, Lekan resigned to join New Nigerian Bank Plc (NNB) as one of the turnaround staff to reposition the bank that has been under the Central Bank of Nigeria holding action for 10years. In NNB, he worked in several key roles as Business Manager and Head, Structured Business Group.

After the Bank Consolidation exercise in 2005, NNB merged to be part of Unity Bank. Unity Bank comprised of nine (9) banks and as expected, there was staff right sizing to reduce the staff strength to an optimum number. Skill, competencies and experience were critical attributes in the selection process of staff to be retained in the newly formed bank.

Olalekan was not only selected among the lots but was appointment as Regional Manager, Commercial Banking in charge of five (5) States out of the thirty-six (36) States in Nigeria.

After seven (7) years, he rejoined UBA Plc. in 2007 where he was made the Business Manager, Industrial Avenue, Ilupeju, Acting Regional Director –Festac Region, Regional Bank Head, Yaba. He excelled in all the roles and was appointed as the Strategic Business Group Head in 2014 to manage a larger portfolio covering 28 Business Offices in Lagos.

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We did no wrong in sale of 260 metric tonnes of slop oil – TOR

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President and Board Chairman of Afreximbank, Prof Benedict Oramah

Plans are underway to complete a fertilizer, railway projects in Ghana – Afreximbank

Free SHS and other programs must be redesigned now – Seth Terkper

IMF team arrives in Accra on Wednesday to begin bailout talks with gov’t

Fuel prices to go up as NPA announces restoration of UPPF margin

GHASALC laments drop on number of digital transactions following e-levy

Gov’t to commence talks with IMF for bailout

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