Category: Banking And Finance
-
We can help Gov’t disburse GHS600m SMEs loan – Savings & Loans Assoc.
Leadership of the Ghana Association of Savings and Loans Companies, says it is ready to support government in the disbursement of its GHS600 million stimulus package set aside to assist small and medium scale enterprises affected by the COVID-19 pandemic. The disbursement of the amount, which will have a one-year moratorium and two-year repayment period,…
-
Ghana Assoc. of Savings & Loans supports Ga East Municipal Hospital COVID-19 Treatment centre
The Ghana Association of Savings and Loans Companies (GHASALC), has donated assorted items valued at 50,000 cedis to the National COVID-19 Treatment Centre at Ga East Municipal Hospital at Kwabenya in the Greater Accra Region. The Executive Secretary of the Association, Tweneboah Kodua Boakye, said the donation, which includes medical essentials such as Omron i11…
-
BoG issues first Dedicated Electronic Money Issuer license to Zeepay
In accordance with the Payment Systems and Services Act, 2019 (Act 987), the Bank of Ghana (BoG), has authorized its first Dedicated Electronic Money Issuer license, to a local Financial Technology (Fintech) company, Zeepay Ghana Ltd. This is part of efforts to deepen financial inclusion in the country, the Bank of Ghana announced in a…
-
Zenith Bank announces enhancement of its USSD *966# service
Zenith Bank Ghana has introduced its improved USSD service, *966#, to enable both account and non-account holders engage in various banking transactions seamlessly using their mobile phones, in the wake of the COVID-19 pandemic. According to the bank, the “exciting *966# service”, which is under the tagline – “Eazybanking for Everyone”, offers more accessible, affordable…
-
GCB Bank’s profit increases by 40% to reach GH¢92m in 2020 1st quarter
GCB Bank recorded profit after tax of 92.4 million cedis for the first quarter of 2020; representing a growth of 40%. This was contained in the bank’s published financial results for the period. For the period spanning January to March 2020, GCB Bank’s profit before tax increased by about 34% to record 122.4 million cedis.…
-
Use of electronic payment channels sees 81% growth in 2020 1st quarter – GhIPSS
The volume of transactions done electronically through the Ghana Interbank Payment and Settlement Systems (GhIPSS) platform has increased by 81 percent in the first quarter of this year compared to the same period last year. This is according to latest figures from the Ghana Interbank Payment and Settlement Systems (GhIPSS). The latest figure shows that…
-
Offer better protection for financial consumers amid COVID-19 – Group urges BoG
A group known as the Alliance for Financial Consumer Protection (AFCOP), has called on the Bank of Ghana to be proactive in protecting financial consumers in the wake of the COVID-19 pandemic. The group says its call is based on the approach adopted by the Bank of Ghana in ensuring that there is adequate relief…
-
COVID-19: BoG hopeful its 5 major decisions will lessen impact on financial sector
The Bank of Ghana says it is hopeful that the proactive measures it has taken so far to protect the financial sector from a possible shock from COVID-19 will yield results. In its latest banking sector report, the central bank says it has taken 5 major decisions that will stabilize the financial sector against any…
-
Investment remains highest share of banks’ assets despite slow growth in February
A new report released by the Bank of Ghana(BoG) on the country’s banking sector performance shows that the largest component of assets of banks, that is investments, recorded a growth of 7.2% as at February 2020. This is lower compared to the 33.3% growth recorded in the same period in 2019. According to the Bank…
-
COVID-19: Republic Bank donates 2 ventilators, ECG monitors to Ridge Hospital
Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has donated two Ventilator machines and ECG Monitors to the Greater Accra Regional Hospital, Ridge in Accra. The ventilators and other equipment valued at GHS 240,000.00 forms part of the Bank’s GHS1.1 million contribution towards the fight against the COVID-19 pandemic in Ghana. The Greater…