Category: Banking And Finance
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Increase investment in anti-fraud training for financial sector employees – E-Crime Bureau
The Central Bank along with individual financial institutions have been charged to channel more resources into the training of staff to help reduce employee involvement in fraud cases in the banking sector. The latest banking industry fraud report from the Bank of Ghana revealed an alarming rate of involvement of employees of banks in perpetrating…
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Standard Chartered honoured at Global Business Outlook Awards 2020
Standard Chartered Bank Ghana Limited, has been adjudged the Best Wealth Management Bank in Ghana by the UK-based Global Business Outlook Awards 2020, adding to the growing list of local and international awards won by the Bank this year. Commenting on the awards, Setor Quashigah, Head, Wealth Management, Standard Chartered Bank Ghana Limited, said, “At…
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![‘The Big 4’ firms dominate audit of listed companies on Ghana Stock Exchange [Article]](https://citibusinessnews.com/wp-content/uploads/2020/08/1-4.jpg)
‘The Big 4’ firms dominate audit of listed companies on Ghana Stock Exchange [Article]
The four biggest audit firms in Ghana, namely: Deloitte, Ernst & Young (EY), KPMG and PWC, dominated the audit of the biggest companies listed on the Ghana Stock Exchange based on the 2019 audited financial reports published by the Ghana Stock Exchange and on the website of the listed companies as required by law. The…
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GHS33.44 million lost in banking sector fraud – BoG report
Customers in the banking sector have expressed concerns with the recent findings of the Bank of Ghana on fraud in the sector. Josephine Nee-Whang is an IT support Analyst and has been a victim of banking fraud. She recounted her ordeal of losing her hard-earned cash. “I was home in the morning and I had…
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Bank of Africa to organize webinar on Ghana’s investment opportunities with the Diasporan Community
Bank of Africa in partnership with Ghana Diaspora Monetary Fund is organizing series of Webinar under the theme: Ghana, An Ideal Destination for Diaspora Investments. These series of Webinars are part of the Bank’s newly instituted Sustainable Development Banking engagements. This webinar comes in three separate sessions under different topics. The 3-part webinar series commences…
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Yieleh Chireh retires as Board Chair of FBNbank Ghana
Chairman of the Board of Directors of FBNBank Ghana, Mr Joseph Yieleh Chireh has retired. This was captured in a statement issued by the bank. Yieleh Chireh, a pharmacist, legal practitioner and the Member of Parliament for Wa West, served for two terms as chairman of the bank from 2014 to 2020. The company in…
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Fraud cases in banking sector increase by 5.5 percent in 2019–BoG report
New figures released by the Bank of Ghana show that fraud cases in the banking sector increased to 2,295 from 2,175, representing 5.5 percent in 2019. The marginal increase in the number of fraud cases according to the central bank could partly be attributed to the improved efforts by the Financial Stability Department to identify,…
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Shareholders will enjoy dividends soon – ADB Board Chairman assures
Shareholders of the Agricultural Development Bank (ADB) have been assured of dividends soon as the Bank continues on the path of sustainable growth and profit making. According to the Board Chairman, Lawyer Alex Barnasko, under his leadership the Bank was now making profit and with a well laid out strategy shareholders will soon enjoy dividends…
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Advans Ghana Savings & Loans; OikoCredit distributes PPE and sanitary items to clients
Advans Ghana Savings and Loans has launched an exercise to distribute PPE and sanitary products to its clients. The 5-day project will distribute nose masks, hand sanitizers, hand washing soap and Veronica buckets to clients as part of its measures in assisting clients fight the spread of Covid-19. Since the beginning of the global health…
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Aggrieved customers of defunct First Allied Savings & Loans demand locked up cash
Some customers of defunct First Allied Savings and Loans Limited on Monday besieged the Kojo Thomson Road branch of the Receiver’s payment center to demand payment of their locked-up funds. President Nana Akufo-Addo had recently claimed that 98% of the depositors of the microfinance and savings and loans companies have received their monies. But some customers…