Author: Bobbie Osei
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Access Bank to pursue aggressive loan growth in 2019
Access Bank Ghana has made a commitment to strongly grow its loan book this year despite a higher than average Non-Performing Loan ratio when compared to other banks in the country. Whereas gross earnings of the Bank were up by 12 percent in 2018, its loans and advances however declined by 6 percent in 2018.…
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MTN not sabotaging Mobile Money Interoperability– GhIPSS
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has confirmed that the challenges that customers of MTN are having with sending money from the network to others has to do with capacity issues which all stakeholders involved are working on to resolve. This follows several complaints by customers of MTN over persistent challenges with the…
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Importers plead with gov’t to extend three month dollar hedging at ports
Some importers have appealed to government to further extend the three months pegging of the dollar rate to the cedi at the ports to six months. Even though they commend government for its decision to peg the local currency at 5 Cedis 8 pesewas to a Dollar at the ports for the next 3 months,…
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Ex-workers of defunct UT, Capital banks hopeful meeting with Labour Dept will be fruitful
Ex-workers of defunct UT and Capital Banks who allegedly had their contracts terminated by GCB Bank for not possessing the minimum qualification required to work with the bank, are hopeful a scheduled meeting between them, the management of GCB Bank, and the Labour Department will be fruitful. The ex-workers who maintain that the termination of…
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Financial institutions must provide credit to business women—2nd Dep Governor of BoG
Some leading female executives and government appointees say the financial conditions are right for financial institutions to advance more credit to business women in the country. The latest data from the Bank of Ghana shows that the three largest recipients of total credit or loans in Ghana, namely, commerce & finance, services and manufacturing sectors…