Category: Banking And Finance
-
Dr. Bawumia calls for stakeholder collaboration to improve intra-African payment systems
Vice President, Dr. Mahamudu Bawumia has charged Central Bank governors across Africa to facilitate collaboration amongst key stakeholders to help with the integration of payment systems on the continent. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with…
-
Digitization agenda: Collaboration vital to growth of Ghana’s fintech space – Bawumia
Vice President, Dr. Mahamudu Bawumia, has highlighted the need for a unified effort between stakeholders in Ghana’s fintech space in pushing the use of the universal QR code. This, he said, will fast-track the achievement of the cash-lite agenda. Ghana is currently going through a digital transformation under the leadership of the government spearheaded by…
-
Standard Chartered MD highlights bank’s commitment in making Ghana technology hub
Managing Director of Standard Chartered Bank, Mansa Nettey, has reiterated her outfit’s commitment to contributing to making Ghana a technology and digital hub. This forms part of efforts in pushing the government’s digitalization agenda. ”We will continue to leverage our status as a leading trade bank to create a fairer global economy and sustainable growth…
-
You’ve been an integral part of growth of Ghanaian economy – Akufo-Addo to FBNBank
The President, Nana Akufo-Addo has acknowledged the efforts of FBNBank Ghana towards the growth of the economy and has commended the Bank and its staff for their contribution over the past years. In a keynote address read on his behalf by the Deputy Minister of Finance, John Kumah at the FBNBank@25 Gala Dinner to commemorate…
-
ADB MD wins two awards at Ghana Business Awards
The Managing Director of the Agricultural Development Bank, Dr. John Kofi Mensah has been honored as the Public Sector Chief Executive Officer at the 4th Edition of the Ghana Business Awards held at the Kempinski Gold Coast Hotel in Accra. Dr. Kofi Mensah was awarded for transforming the Agricultural Development Bank Limited (ADB) from a…
-
Ghana ranked best investment destination in West Africa, 6th best in Africa by Rand Merchant Bank
Ghana has been ranked the most attractive West African investment destination by the Rand Merchant Bank, beating Nigeria which is the largest Economy in the subregion. The report also shows Ghana as the 6th best investment destination in Africa. Ghana scored 5.54 while Egypt which the report describes as the most attractive investment destination in…
-
December 31 deadline for microfinance firms to recapitalise draws closer
With just two months left for microfinance institutions to meet the deadline for their new minimum capital requirement of GH¢2 million, the Bank of Ghana has reiterated calls for them to ensure they build the necessary capacity to do so. The central bank’s recent reforms have seen the recapitalization of commercial banks as well as…
-
Receiver announces sale of 24 landed properties of collapsed microfinance firms
The Receiver for the collapsed 347 Microfinance Companies (“MFIs”) and the 23 Savings & Companies, Eric Nana Nipah, is in the process of selling another set of landed properties belonging to some of the defunct firms. Mr. Nipah had earlier in March 2021 announced the sale of some of the properties of the affected firms.…
-
Rural Banks will soon accept Ghana Card as primary source of identification – ARB Apex Bank
The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says it is working with the relevant authorities to ensure that the National Identification Card is accepted at Rural Banks across the country as a valid form of identification. For some time now universal banks in the…
-
Government optimistic DBG will support venture capital, private equity industry
Government is optimistic that the commencement of operations of the Development Bank Ghana will help support the venture capital and private equity industry to grow start-up businesses and small businesses. This comes on the back of the launch of the Ghana Venture Capital and Private Equity Association, which seeks to support investments into private businesses…