Category: Banking And Finance
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Cedi stability, cost of clearing top concerns for businesses ahead of 2020 budget – KPMG report
The stability of the cedi, cost of clearing at the ports as well as Ghana’s tax systems have emerged as key concerns for businesses ahead of the presentation of the 2020 budget and economic policy of the government. A survey by auditing firm, KPMG has shown that the ability of the government to address these…
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96 branches of microfinance companies in receivership open for business
About 100 branches of the 347 microfinance companies that were placed into receivership by the Bank of Ghana are still open for customers of these defunct institutions to either make their claims for locked funds or repay their existing loans. A notice issued by the receiver stated that effectively the receiver will stop operating from…
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High Court grants receiver permission to take over Unibank property
An Accra High Court last Friday dismissed an application for injunction filed by owners of defunct Unibank to prevent Nii Amanor Dodoo, acting as receiver for Unibank, from taking over a property in East Ridge, Accra belonging to the former bank. Mr. Amanor Dodoo, who was appointed the receiver for Unibank, has embarked on an…
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KPMG’s Nii Amanor Dodoo honoured after 40 years of service
Outgoing Senior Country Partner of KPMG Nii Amanor Dodoo was yesterday honoured for his four decades of dedicated service to the audit firm. A dinner held in his honour at the plush Accra Marriot Hotel was attended by key clients, current and former work colleagues, as well as close family relations. Speaking to Citi Business…
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Court orders government to respond to Nduom’s suit on behalf of contractors
The High Court has struck out an application by the Attorney General seeking to stop State Agencies from paying monies owed some contractors to Ghana Growth Fund. Ghana Growth Fund Company Limited (GGFC), which is a subsidiary of Groupe Nduom, sued the Attorney General’s Office (AG), Finance Ministry, Road Ministry and Reggio Limited (one of…
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Ghana’s economic outlook is favourable — IMF
The International Monetary Fund (IMF) has decsribed the country’s economic outlook as favorable after its first assessment of the state of the economy following Ghana’s completion the 4-year bailout programme. The Fund stated that the favorable outlook is further supported by strong performance of the country’s extractive sector as well as a safer banking system…
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Customers of Nordea Capital demand payment of locked-up investment
Some customers of Nordea Capital, an investment bank licensed by the Securities and Exchange Commission, this morning besieged the premises of the company near Kawukudi Junction in Accra to demand their locked up investment. The customers say they have tried and failed severally despite attempts to get their monies back through the regulator, SEC. “For…
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FBNBank Ghana supports fight against polio
FBNBank Ghana Ltd., a subsidiary of First Bank of Nigeria, has extended a hand of support to the Ghana Polio Plus Committee and selected Rotary Clubs in the fight against Polio in Ghana. The support, which is in the form of a cash donation of GH¢20,000, to help Rotary and its partners roll out a…
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Anthony Ogunranti appointed new Zenith Bank Ghana MD/CEO
Zenith Bank Ghana has appointed Anthony Akindele Ogunranti as its new Managing Director and Chief Executive Officer. He takes over from Henry Oroh who has been elevated to the position of Executive Director in Zenith Bank PLC. Mr. Ogunranti, until his appointment, was a Senior Executive Member of Zenith Bank Plc. A statement from Zenith…
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![[Article] What half a decade of Fidelity Bank’s Agency Banking teaches about Financial Inclusion](https://citibusinessnews.com/wp-content/uploads/2019/10/Fidelity-Bank-MD-Julian-Kingsley-Opuni.jpg)
[Article] What half a decade of Fidelity Bank’s Agency Banking teaches about Financial Inclusion
Industry watchers may be tempted to see Agency Banking as a new wave of banking innovation but those who have been paying attention to the industry would know that Fidelity Bank has long tried, tested and honed excellence in the space of Agency Banking within the last half decade. Fidelity Bank was the first financial…