Category: Banking And Finance
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ADB encourages customers to update their records
The Agricultural Development Bank Limited (ADB) is encouraging customers to update their customer information details to ensure that all their details are accurately captured by the Bank. To ensure this , the Bank encouraging customers to visit the Bank’s website www.agricbank.com or any of the 83 branches nationwide to effect the update of their personal…
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SEC urges fund managers to invest more in ICT services
The Director General of the Securities and Exchange Commission, SEC, Rev. Daniel Ogbarmey Tetteh, has emphasized the need for fund managers to leverage on technology for business growth. According to him, the impact of information and communication technology (ICT) in the securities industry has become increasingly critical considering the impact of the novel Coronavirus on…
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First Atlantic Bank launches 25th anniversary; commits to sub-regional expansion
First Atlantic Bank has launched its 25th Anniversary celebration with a commitment to continue providing its customers with innovative products and services as it positions itself for bigger competition in the West African sub-region. Speaking to Citi Business News, the Managing Director of the bank, Odun Odunfa, said, the milestone will be marked in all…
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ADB shows impressive half-year performance despite impact of COVID-19
The Agricultural Development Bank (ADB), has posted impressive financial growth in its half year results even in the face of the Coronavirus pandemic that has wreaked havoc to all sectors of the economy including the financial sector. But the unaudited half year results published by the Bank last week showed a growth in all key…
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Local banks now more resilient and able to support economic growth agenda – Finance Minister
The Finance Minister, Ken Ofori-Atta, says the banking sector reforms undertaken by government in 2017 and 2018, has strengthened local banks, making them more resilient to shocks. Assessing the balance sheets of local banks currently, the Finance Minister argued that the financial health of Ghanaian-owned banks are stronger compared to the period before the cleanup…
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We’ve instituted stringent measures to detect distressed banks – BoG Governor
The Governor of the Bank of Ghana, Dr. Ernest Addison, says the central bank has put in place stringent measures to rapidly detect signs of distress exhibited by financial institutions, to immediately step in and protect the funds of depositors. The Governor says the measures include tightening of the bank’s supervisory role to stop the…
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ARB Apex Bank increases operating income by 17 percent for 2019
Although falling interest rates remain a burden on the profitability of the Bank, ARB Apex Bank put up an impressive performance, increasing its total operating income by 17 percent from GHS55.5 million in 2018 to GHS64.96 million in 2019. Assets of the Bank recorded a significant growth of over 47 percent from GHS394.5 million in…
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We’re supporting SMEs to grow amidst COVID-19 threat – Bank of Africa MD
The Managing Director of Bank of Africa (BoA), Mr. Kobby Andah, says Small and Medium Scale Enterprises (SMEs) have been at the heart of the bank’s operations. Against this backdrop, he says the bank is making available special packages to support SMEs to grow in the wake of the COVID-19 pandemic. He stated that the…
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Petroleum Holding Fund for 2020 Q1 drops by $124m as against 2019 Q1
A new report by the Bank of Ghana shows that the country received a total of 310.14 million dollars into Ghana’s Petroleum Holding Fund (PHF) for the first half of 2020. Compared to same period in 2019, the figure dropped by $124. 34 million dollars as the figure for last year was $434.48 million dollars.…
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Standard Chartered Bank Ghana Limited records highest percentage growth in 5-years
Standard Chartered Bank Ghana Limited, has on Wednesday, July 29, 2020, held its 2019 Annual General Meeting on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally. Standard Chartered Bank Ghana Limited was lauded…