Category: Banking And Finance
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![[Article] Resolving the key challenges in the corporate banking space](https://citibusinessnews.com/wp-content/uploads/2019/07/Addison.jpg)
[Article] Resolving the key challenges in the corporate banking space
Ghana is a developing economy and the private sector is key to achieving the set developmental goals. One main driver of the private sector and industrial growth is access to financing, and in Ghana, that role is played mainly by the banks and other players in the financial sector. Without the support of banks, most…
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Financial institutions push for speedy settlement of debt cases
More stakeholders in the financial sector are pushing for speedy settlement of financial cases at the court to complement the work by the Bank of Ghana to strengthen the sector. The latest to push for an improvement in the judicial system is the Association of Finance Houses after the Ghana Bankers Association asked for the…
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Dr. Asiamah was part of decision to collapse UT, Capital Banks — BoG
The Bank of Ghana has stated that the former Second Deputy Governor Dr. Johnson Asiamah played a role in the decision to allow the GCB Bank to take over the assets of UT and Capital banks after the two had their licenses revoked. The former second deputy had accused the Bank of Ghana of taking…
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Banks’ profits shoot up in first half of 2019 — BoG report
The profitability of banks in the country has increased following the banking sector reforms, the Bank of Ghana’s latest Banking Sector Report has revealed. According to the report which captures the performance of banks for the first half of 2019, the profitability indicators of the banking sector improved during the first half of 2019 compared with…
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We’re working to retrieve locked up funds with collapsed finance houses — Association of Finance Houses
The Association of Finance Houses has welcome the central bank clean-up of the finance house sector urging the public to exercise patience as the remaining companies retrieve funds locked up with some of the collapsed companies. A statement issued by the Association and signed by its Executive Secretary Kokui Adu, stated that some of the…
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Zenith Bank wins ‘Outstanding Brand of the Year’ award
Zenith Bank Ghana Limited was adjudged the Outstanding Brand of the Year 2019 in the Banking category at the 2019 Ghana Business Standard Awards at Movenpick Ambassador Hotel on Friday, 16th August, 2019. The company’s performance in the banking industry was cited as one of the indicators that distinguished their brand from its competitors. The…
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Zenith Bank supports 2-year old Mabel Adjoa Koomson
Staff of Zenith Bank have raised funds totalling Thirty Four Thousand Ghana Cedis (GHS34,000.00) to support two year old Mabel Adjoa Koomson, who has been diagnosed with AtrioventricularSeptal Defect (which causes holes between the chambers of the right and left sides of the heart and poor formation of the valves that control the flow of…
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SEC in talks to improve liquidity among fund and asset managers
The Securities and Exchange Commission has stated that it is in talks with stakeholders in the securities market to boost liquidity in that sector. SEC in a statement issued today said it is committed to regulating and promoting the growth and development of an efficient, fair and transparent securities market in which both investors and…
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Fidelity Bank supports British High Commissioner’s Ghana Grand Cycling Challenge
Fidelity Bank was a leading supporter of The Ghana Grand, a historic fundraising bicycle tour and personal initiative of Mr. Iain Walker, The British High Commissioner to Ghana. The 1,000km cycle commenced in Tumu in the Sissala East Municipality and concluded at the Independence Square in Accra on Sunday 18th August. The initiative was an…
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StanChart Bank appoints Ebehijie Momoh as Head of Retail Banking
Standard Chartered Bank Ghana Limited has announced the appointment of Ebehijie Momoh as Head of Retail Banking. She replaces Henry Baye who has been appointed Chief Executive of Standard Chartered, Jersey. Ebehijie joined the bank in 2011 and brings extensive experience to this role, with a career spanning over 26 years across Retail, Corporate and…