Category: Banking And Finance
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Former CEO of MTN appointed as independent non-executive director by Stanchart Bank
Former CEO of MTN Ghana, Mr. Ebenezer Twum Asante has been appointed by Standard Chartered Bank Ghana, as an Independent Non-Executive Director of the Bank effective 2nd May, 2019. Mr. Ebenezer Twum Asante has over fifteen years progressive and diversified experience in leadership as an accomplished Senior Executive and Strategic Leader. He was appointed Vice…
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Stakeholders in banking sector must build trust—Prof. Atuahene-Gima
Founding President of the Nobel International Business School, (NiBS), Professor Kwaku Atuahene-Gima has advised stakeholders in the banking sector to do more to build trust after the collapse of some 7 local banks. According to him, lack of trust in the banking sector can be attributed to the mishaps the sector has experienced in recent…
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Financial Stability Advisory Council holds first meeting
The Financial Stability Advisory Council (FSC) has met for the first time almost 3 months after it was formally inaugurated by the president on February 12 this year. The meeting comes a month after Ghana successfully exited its 16th International Monetary Fund (IMF) programme. On 28th December 2018, the President of the Republic Nana Addo…
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Republic Bank appoints Farid Antar as new Managing Director
The Board of Directors of Republic Bank (Ghana) Limited has appointed Mr. Farid Antar as the Managing Director of the Bank, following receipt of regulatory approval from the Bank of Ghana. Mr. Antar succeeds Mr. Anthony Jordan who retired from active service in April 2019. Mr. Farid Antar is an experienced Banker with over 39…
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Barclays Ghana engages SME clients on running sustainable businesses
Over 250 Small and Medium Enterprises (SMEs) in Ghana have benefited from Barclays Bank’s tailor-made capacity building programme aimed at educating and assisting the SMEs on running sound and sustainable businesses. The Bank recently held its latest SME clinic in Tema where it engaged with importers, exporters, freight forwarders and other small business owners, equipping…
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We’ll manage exchange rate volatilities to reduce impact on debt stock–BOG
The First Deputy Governor of the Bank of Ghana Maxwell Opoku-Afari says the central bank will among other things prioritize the management of exchange rate volatilities in the country to limit its impact on the country’s debt to GDP ratio. According to the latest International Monetary Fund (IMF) fiscal Monitor Report, Ghana’s total debt stock…
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ESLA PLC accrues GH¢5.9 billion in assets
The total assets accruing to the Energy Sector Levy Act (ESLA PLC) increased by 2.5% for the first quarter of 2019 compared to the same period in 2018. According to the unaudited financial statement of ESLA PLC, the figure increased from 5.76 to 5.9 billion cedis for the period spanning January to March this year…
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Gov’t plans GHS12bn bond issuance for second quarter
The Ministry of Finance through the Bank of Ghana has said it will be issuing GHS12.1 billion bonds and securities between April and June. According to the second quarter issuance calendar published by the central bank, out of the amount to be issued, GHS11.53 billion will be used to roll over other government bonds which…
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BoG to circulate upgraded cedi today
The Bank of Ghana (BoG) will today begin the circulation of its enhanced GHS10, GHS20 and GHS50 notes. According to the Bank of Ghana, both the old and the new notes will be used concurrently until the old ones are phased out. New features on the new notes include a gold stripe, a watermark, a…
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Mobile money fraud: Police, telcos seek review of prosecution process
The Cyber Crime Unit of the Ghana Police Service is advocating a possible review of the current process in investigating and prosecuting fraud cases in mobile money transactions. The security agency believes the current procedure could partly be blamed for the seeming lack of interest for victims to report instances of fraud hence increase in…