Category: Banking And Finance
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Customers of defunct fund managers issue 2-week ultimatum over locked up cash
The members of the Coalition of Aggrieved Customers of the defunct 53 Fund Management Companies are calling on government to commence payment of their locked up funds before March 24, 2020. According to the group, the government has sidelined customers of the collapsed fund management companies in the payment of depositors monies following the financial…
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Telcos commend BoG’s efforts in driving digitalization agenda
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Engineer Ken Ashigbey, says the Payment System Advisory Committee recently inaugurated by the Bank of Ghana will contribute significantly to the government’s digitalization agenda. Speaking on the sidelines of the Committee’s inauguration, Ing. Ashigbey touted the efforts by the central bank to provide a leadership…
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We’re positioned to meet NIC’s new minimum capital requirement – Old Mutual
Chief Financial Officer of Old Mutual Ghana, Clara Amarteifio-Taylor, is confident her outfit will meet the new minimum capital requirement set by the National Insurance Commission (NIC). She gave the assurance that her outfit has put in place realistic measures to meet it even before the June 2021 deadline. The NIC increased the minimum capital…
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Prudential Bank attains ISO Certification for Information Security Management
As part of efforts aimed at meeting the Bank of Ghana’s requirements for security in the financial sector, Prudential Bank Ghana has acquired an ISO certification. The ISO certification is an information security management standard that provides organizations with a framework for securing and protecting confidential and sensitive data. According to Prudential Bank, it attained the ISO 27001:2013…
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Banks must place premium on apprenticeship – FBN Bank Ghana CEO
The Chief Executive Officer of FBN Bank Ghana, Victor Asante, is urging the banking sector to put more emphasis on apprenticeship in order to raise more high-quality bankers. Speaking at the annual Opoku Ware Old Boys Association’s Burgess Kalinauckas Adu-Amankwah Memorial Lectures, Mr. Asante said apprenticeship provides employers a good opportunity to assess a pool…
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Hollard Ghana CEO made UGBS ambassador; pledges to bridge industry-academia gap
Group CEO of Hollard Ghana Holdings, Patience Akyianu, has said the insurance company is committed to bridging the gap between academia and industry by creating a pool of talented and ready students for the local and international job market. Mrs. Akyianu said this on Thursday, March 5, 2020, after she was unveiled as an Ambassador…
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Standard Chartered Bank updates SC Mobile App to encourage online transactions
As part of efforts to boost patronage of investment products, Standard Chartered Bank, has introduced a new feature on its mobile banking app that allows customers to purchase Government Treasury bills and bonds. Speaking to Citi Business News after an engagement with clients on the additional feature, the Head of Wealth Management at Standard Chartered…
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Groupe Nduom requests receiver to provide update on defunct GN Savings & Loans
Dr. Papa Kwesi Nduom and Groupe Nduom Limited, the shareholders of GN Savings and Loans, which was placed into receivership last year by the Bank of Ghana, have written to the receiver requesting a meeting over the progress made so far. The shareholders of the company, who are already contesting the BoG’s decision in court…
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Bank of Ghana inaugurates 8-member Payment Systems Advisory Committee
An eight-member Payment Systems Advisory Committee to advise the Bank of Ghana on regulation and oversight of the payment systems, as well as operational and technical stands of the payment systems, has been inaugurated. The Committee, chaired by the Governor of the Bank of Ghana, Dr. Ernest Addison, is a creation of the Payment Systems…
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African governments urged to remove barriers hampering cashless society agenda
African governments have been urged to expedite actions that will remove existing barriers to the adoption of cashless payment solutions. Nearly 13 years after the launch of M-Pesa in Kenya, there are nearly 200 million consumers subscribed to various mobile money services across the continent. But speaking on the sidelines of the press launch of…