Category: Banking And Finance
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Banking Consultant bemoans continuous charging of unfair fees by banks
Banking Consultant, Nana Otuo Acheampong, has bemoaned the continuous charging of some fees by some banks in the country contrary to directives from the Bank of Ghana. In June 2021, the Central Bank warned commercial banks and Specialised Deposit-Taking Institutions in Ghana to abolish some unfair charges in the banking sector. The directive was reiterated…
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Benjamin Dzoboku appointed as new Managing Director for Republic Bank Ghana Plc
Republic Bank (Ghana) PLC has appointed Benjamin Dzoboku as its new Managing Director to succeed Farid Antar on his retirement. This was done at a meeting of the Board of Directors held on 15th March 2022. The Bank of Ghana granted approval to the appointment on 10th May 2022. Mr. Antar retires from the Bank…
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BoG reiterates calls for public to report unapproved banking charges
The Bank of Ghana is tasking customers to report to the Central Bank any suspicious or unapproved charges from their financial institutions. In June 2021, the Bank of Ghana warned commercial banks and specialised deposit-taking institutions (SDIs) in Ghana to abolish unfair charges in the banking sector. In a statement, the Bank of Ghana noted…
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GRA assures of robust system to keep records on all E-Levy deductions
The Ghana Revenue Authority (GRA) has assured that it has put in place enough systems to track and keep all records of deductions done as part of the implementation of the Electronic Transfer Levy (E-Levy). This follows an order from the Supreme Court charging the GRA to keep accurate records of all e-levy deductions to…
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Henry Chinedu Onwuzurigbo appointed as new Zenith Bank CEO
Zenith Bank (Ghana) Limited has appointed Henry Chinedu Onwuzurigbo as its new Managing Director/Chief Executive Officer of the Bank. He takes over from Anthony Akindele Ogunranti who has been elevated to the position of Executive Director in Zenith Bank Plc. Mr. Onwuzurigbo, until his appointment, was the Executive Director of Zenith Bank Ghana. Before joining…
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CalBank PLC organizes maiden cashless market
As part of efforts to deepen its relationship with merchants and customers, indigenous bank, CAL Bank PLC has disclosed of its new strategy to enable customers transact business digitally. According to the Bank, this forms part of efforts to drive the digitization agenda in the country and increase the adoption of the use of its…
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Momo Agents Assoc. warns of crisis if education on E-Levy isn’t improved
The Mobile Money Agents Association of Ghana is warning of a crisis if government does not ramp up education on the E-Levy for the general public. Despite attempts by the Finance Ministry, the Ghana Revenue Authority (GRA) and the media at raising awareness about the E-Levy, it appears more needs to be done. Checks by…
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Stay away from ‘SIDICOIN’ cryptocurrency investment scheme – BoG warns public
The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency investment scheme named “SIDICOIN” in Ghana. According to a statement from the Central Bank, neither the cryptocurrency investment scheme nor its promoters have any approval from the Bank of Ghana to operate in the banking and payment services sector.…
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MD of FBNBank appointed to Venture Capital Trust Fund Board of Trustees
The Managing Director of FBNBank, Mr. Victor Yaw Asante has been appointed as a member of the Board of Trustees of the Venture Capital Trust Fund (VCTF). Mr. Victor Yaw Asante who was sworn-in as the ninth member of the governing board of the VCTF is representing the Ghana Association of Bankers (GAB) on the…
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World Bank urges Ghana to implement policies that attract private investment
The World Bank Group has called on government to prioritize policies that attract investments from citizens and foreigners. According to the Bretton Woods institution such an approach is critical especially as countries like Ghana strive to return to a path of sustained economic growth. Ghana like many other developing countries is dealing with the impact…