Category: Banking And Finance
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Kleeve & Tove acquires NDK Capital
Investment holding and management advisory firm, Kleeve & Tove has acquired 100% stake in NDK Capital, one of the best-known asset and wealth management firms in the country. The new owners of the company have therefore reconstituted the board of NDK Capital with Eric Nana Otoo, an Investment Banking Consultant as its Chairman. A statement…
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FBNBank Ghana reiterates commitment to gender parity
FBNBank Ghana Limited has stated its commitment to ensuring gender parity and enabling women in the workforce to reach their full potential. Speaking at the launch of the FBNBank Ghana Women Network, Victor Yaw Asante, Managing Director of FBNBank Ghana Limited said this is one of the initiatives created by the First Bank of Nigeria…
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Aggrieved Menzgold customers reiterate calls for government bailout
The Chairman of the Coalition of Aggrieved Menzgold customers, Isaac Nyarko has reiterated calls for government to help resolve the Menzgold issues and have their monies paid to them. Following an order from the Securities and Exchange Commission (SEC) to suspend aspects of its operations in 2018, Menzgold has since struggled to pay monies belonging…
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Intensify efforts to reduce over-reliance on imports – Fidelity Bank MD urges government
Managing Director of Fidelity Bank, Mr. Julian Opuni is calling for intensified efforts by government to reduce Ghana’s over-reliance on imports and make the country self-sufficient post-COVID-19. According to him, a turnaround from import dependence is essential for the country to take full advantage of opportunities presented by the pandemic. Africa’s contribution to global trade…
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expressPay introduces Smart POS devices to boost merchant payments
Leading financial technology company, expressPay, has introduced into the Ghanaian market, a smart Point of Sale (POS) device to enhance merchant payments. expressPay brings its wealth of experience from its consumer app to revolutionize merchant payments. The expressPay POS is essentially a 4-in-1 device for merchants – 1. It accepts all cards (Visa, MasterCard, American…
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Parliament approves financing agreement for establishment of National Development Bank
Parliament has approved the financing agreement between the Government of Ghana and the International Development Association (IDA) of the World Bank for an amount of $250 million for the establishment of a National Development Bank. The World Bank Board of Executive Directors had earlier on October 29, 2020, approved the US$250 million facility to support…
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Kofi Adomakoh appointed as MD for GCB
The Board of GCB Bank Limited has announced the appointment of John Kofi Adomakoh as the new Managing Director (MD) of the Bank effective November 9, 2020. Mr. Adomakoh, an astute banker, replaces Anselm Ray Sowah, who ended his tenure of office as the MD of GCB Bank in September this year after more than…
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Stakeholders in banking sector intensify efforts to reduce money laundering
Stakeholders in Ghana’s banking sector are advocating for more support from various sectors of the economy to tackle money laundering in Ghana. This menace, which has resulted in Ghana’s current position on the European Union’s grey list, can limit many transactions with other countries if not checked. The Financial Action Task Force (FATF), the initiative…
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Aggrieved Fund management customers defy SEC warning; engage PBAY for refund
The Securities and Exchange Commission, SEC, says it will continue to work with law enforcement agencies to protect investors from fraudulent companies like PBAY Limited. In a recent release, the Commission cautioned the general public against engaging PBAY Limited, an entity which claims it can facilitate the payment of locked-up funds of customers of defunct…
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Educate customers to make informed investment decisions – Economic Analyst to Financial institutions
The Senior Economic Analyst with DataBank, Courage Martey, has said there is the need for a concerted effort towards boosting financial literacy for Ghanaian workers, to enable them process simple economic information and make informed decisions about their finances. His comment comes on the back of a ‘2020 Banking Industry Customer Experience Survey published by…