Category: Banking And Finance
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We’re committed to delivering value — Axis Pensions Group
Axis Pensions Group has assured its customers that the firm would continue to deliver value it’s stakeholders in line with its commitment. The group, which is the second biggest pensions administrator said while the Coronavirus disease was impacting negatively on the wider economy, measures were in place to ensure that the pandemic does not affect…
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Prosecutions will begin in August – Receiver for defunct Microfinance & S&Ls firms
The Receiver for the defunct 347 Microfinance Companies and 23 Savings and Loans Companies and Finance Houses, Eric Nana Nipah, says the government is not only interested in recovering assets and paying depositors, but will also commence prosecutions from August this year. In an interview with Citi Business News, Mr. Nipah, who has assured a…
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Receiver to pay all depositors of defunct Microfinance & S&Ls firms by end of July
The Receiver of the defunct 347 Micro Finance Companies, 23 Savings and Loans and Finance Houses, Eric Nana Nipah, says customers who have not received their claims, should be able to access them by the end of July this year. According to Mr. Nipah, he has already paid about 96% of customers, and is hopeful…
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Receiver traces assets of collapsed Microfinance & S&Ls to settle outstanding claims
The Receiver of the defunct 347 Micro Finance Companies, 23 Savings and Loans and Finance House Companies, Eric Nana Nipah, says he is undertaking a detailed asset tracing of the owners of the collapsed financial institutions. This is to enable him have access to more liquidity in settling outstanding claims following the collapse of the…
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Ecobank Ghana partners Melcom to provide convenient services through agency banking
Ecobank Ghana has partnered Ghana’s leading retail chain, Melcom, to bring convenient banking services to the many Ghanaians who patronize Melcom shops. This collaboration enables Ecobank provide extended banking services to clients through these outlets, complementing the over 1,500 Ecobank Xpress Points nationwide. This innovation was introduced on June 08, 2020 in 5 out of…
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Negotiations to pay claims to ex-staff of Microfinance and S&Ls firms starts today
The Receiver, Eric Nana Nipah will from Monday, July 13, 2020, begin negotiations with all authorized representatives of former employees of the defunct 347 microfinance firms and 23 savings and loans companies and Finance House firms to pay them their full outstanding salaries and negotiated and exit packages. This follows a decision by the Bank…
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BoG to pre-finance outstanding salaries of ex-staff of Microfinance and S&Ls firms
The Bank of Ghana has agreed to pre-finance the full outstanding salaries and negotiated an exit packages of former employees of the defunct 347 microfinance firms and 23 savings and loans companies and Finance House firms. This was announced in a statement by the Receiver, Eric Nana Nipah, who doubles as a Director of PricewaterhouseCoopers…
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COVID-19: Bank of Africa widens payment platforms to assist SMEs
As part of efforts to support operators of Small and Medium Scale Enterprises (SMEs) to keep their businesses afloat in the wake of the coronavirus pandemic, Bank of Africa (BoA) is providing restructuring of loans for businesses, cross-border business support in terms of assistance with suppliers, local and international trade finance and business advisory services…
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How long must we wait for justice? – Nduom asks as GN Savings’ case suffers more adjournments
Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom, says he is looking forward to securing victory in the lawsuit against the Bank of Ghana for the restoration of the license of GN Savings and Loans Company. He says his interest is to pay customers of the company of Goldcoast Fund Management now Blackshield Fund Management…
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Economist urges BoG to extend COVID-19 measures to help businesses
Economist, Adu Owusu Sakodie, has suggested that the Bank of Ghana extends its interventions introduced three months ago to support businesses in the wake of the coronavirus pandemic. The central bank reduced its policy rate which triggered a drop in interest rate among commercial banks to cushion businesses. In March this year, the Monetary Policy…