Category: Banking And Finance
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BoG, UG partner to improve research in Ghana’s financial sector
The financial sector is set to see a major boost as the Bank of Ghana and the University of Ghana have signed a partnership agreement to promote research and influence policy making in the country, The 3 million cedi funding will also support the establishment of the Chair in Finance and Economics at the university’s…
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BoG, EOCO deepen collaboration to build robust financial sector
As part of efforts to build a strong and robust financial sector, the Bank of Ghana and the Economic and Organised Crime Office, EOCO have signed an agreement strengthen the investigative operations of the EOCO. To this end, the Board of the Central Bank has approved a grant of ten million Ghana cedis which will…
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E-cedi will not affect MoMo business – Bank of Ghana
The Bank of Ghana has assured that its quest to implement the digital currency, also known as the e-cedi, will not disrupt or collapse the mobile money (MoMo) system. According to the regulator, the implementation will rather be a positive one in the MoMo value chain. Speaking at the MTN Momo Stakeholder Forum organised which…
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Bank of Ghana to widen its scope on cryptocurrency
The Bank of Ghana has assured stakeholders of its preparedness to sanitize the digital space with respect to cryptocurrency. The Central Bank admits that in the initial stages of the new digital currency, there was a gap, however, the regulator has braced itself to make it cleaner while building public interest. Speaking at the MTN…
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BoG Deputy Governor chairs advisory board of UG’s College of Humanities
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has been appointed as the Chairman of the Advisory Board of University of Ghana’s College of Humanities. The Vice-Chancellor of the University of Ghana, Prof. Nana Aba Appiah Amfo disclosed this when she inaugurated the 15-member Advisory Board of the College. At the…
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Zenith Bank Ghana wins premium quality West African banking brand of the year 2021
Zenith Bank Ghana has been adjudged Premium Quality West African Banking Brand of the Year 2021 at the 6th Global Business Quality Awards 2022, held on Wednesday July 27, 2022 at the Movenpick Ambassador Hotel. The Awards, organized under the auspices of the Entrepreneurs Foundation Ghana, is designed to recognize both local and international enterprises…
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Ghana’s return to the IMF will restore investor confidence – Republic Bank MD
Managing Director of Republic Bank (Ghana) PLC, Benjamin Dzoboku has stated that Government’s decision to go to the International Monetary Fund (IMF) to seek for economic assistance will go a long way to help increase the ability of banks to increase lending to priority sectors of the economy. Despite, data showing that many sectors of…
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Banking sector’s profit-before-tax soars to GH¢4.4 billion in June 2022
Data from the Bank of Ghana has disclosed that the banking sector was able to make more than GH¢4.4 billion in the first six months of this year. According to the Central Bank’s Monetary Policy Committee’s latest press release, the industry recorded a before-tax profit of GH¢4.4 billion, a 21.6 percent growth compared with 32.1…
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‘We’re poised for continued global excellence’ – Fidelity Bank MD assures; engages media editors
In appreciation of the media’s influential role in its success over the last 15 years, senior executives of Fidelity Bank Ghana, led by its Managing Director, Julian Opuni, have engaged with editors from key media houses to thank them for their support. The engagement, which was held at the Head Office of Fidelity Bank at…
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Special credit facility needed to develop the agriculture sector – Chamber of Agribusiness
Despite out-performing Industry and the Service sector in terms of their growth rate in the first quarter of 2022, Ghana’s agriculture sector continues to lag in terms of its overall contribution to the country’s Gross Domestic Product (GDP). According to data from the 2022 budget, the Agriculture sector has been growing at a steady pace…