Category: Banking And Finance
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Continue with bold financial sector reforms – Nana Otuo Acheampong urges BoG Governor
Banking Consultant, Nana Otuo Acheampong has welcomed the expected renewal of the tenure of office of the Governor of the Bank of Ghana Dr. Ernest Addison by President Akufo-Addo for another 4 years. The President back in 2017, forwarded Mr. Addison’s name to the Council of State for consideration and approval as the Governor of…
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Akufo-Addo renews tenure of BoG Governor, Dr. Ernest Addison
The tenure of the Governor of the Bank of Ghana, Dr. Ernest Addison has been renewed by President Nana Akufo-Addo for another four years. His current tenure which begun on 1st April 2017 will end at the end of March 2021. According to Citi Business News sources at the Central Bank, President Akufo-Addo has given…
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Frances Adu-Mante appointed Board Chair of Absa Bank Ghana Limited
Frances Adu-Mante appointed Board Chair of Absa Bank Ghana Limited Absa Group is pleased to announce the appointment of Mrs Frances Adu –Mante as Board Chair of Absa Bank Ghana after securing the necessary regulatory approvals. Mrs Adu-Mante, who has served on the Board since September, 2017 succeeds Mr. Charles Alexander Cofie, who completed his…
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GSE continues to rebound as it gains 4% in January 2021
The positive performance of the Ghana Stock Exchange in the last quarter of 2020 has continued into the first month of 2021, with the local bourse returning to investors a gain of 4.3 % in January 2021. This is the first gain recorded in January since 2018. The years 2018 and 2019 saw the local…
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UMB appoints Nana Kwadwo Dwemoh Benneh as Chief Executive Officer
After five years of dedicated and growth-oriented service to Universal Merchant Bank (UMB), Mr. Benjamin Amenumey has completed his tenure as UMB’s CEO making way for the appointment of Nana Dwemoh Benneh as the bank’s new Chief Executive Officer, following the approval of the Central Bank. In a statement issued by UMB, Mr. Benjamin Amenumey…
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Mobile Money Interoperability transactions went up by 367% in 2020
Latest data from the Ghana Interbank Payment & Settlement Systems (GhIPSS), indicate that a total of 43.9 million transactions were processed under the Mobile Money Interoperability (MMI) system in 2020, representing a 367% increase from the 9 million transactions processed in 2019. According to the report, the MMI performance was driven by three use cases…
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Digital transactions for 2020 up by 103% – GhIPSS report
In spite of the ravaging impact of COVID-19 on people’s lives and the operations of businesses in Ghana, digital payment and settlement products under the Ghana Interbank Payment & Settlement Systems (GhIPSS) saw impressive increases in both volume and value for the year 2020 compared to the same period in 2019. Latest data from GhIPSS…
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Monetary Policy Committee begins 98th meeting to assess economy
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) is scheduled to begin its regular meetings from today, Tuesday, January 26, 2021, through to Friday, 29th January 2021. The 98th meeting of the Monetary Policy Committee is to review developments in the economy and take the necessary steps to ensure financial and economic…
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Ghana Association of Bankers appoints Mansa Nettey as new president
The Managing Director of Standard Chartered Bank, Mansa Nettey, has been elected as the new President of the Ghana Association of Bankers (GAB). This comes after the General Council of the Ghana Association of Bankers unanimously endorsed her appointment. She succeeds the immediate past President, Mr. Alhassan Andani who stepped down following his retirement as…
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ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo
Chairman of the Economic Community of West African States (ECOWAS) President Nana Akufo-Addo has called for the rapid establishment of a payment and settlement system for the ECOWAS region. He made the call during the opening ceremony of the 58th Ordinary Session of the ECOWAS Authority of Heads of State and Government, which was held…