Category: Banking And Finance
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Investors urged to understand risk-return profile before investing on Stock Market
Investors have been cautioned against following the bandwagon when it comes to investing on the Ghana Stock Exchange this year. According to the General Manager of UMB Stockbrokers, Ben Ackah, investors need to prioritize understanding their risk-return profile before investing in popular stocks. The risk–return spectrum, also called the risk–return trade-off or risk–reward, is the…
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Defunct S&Ls customers doubtful they’ll be paid despite President’s promise
The Coalition of Affected Savings and Loans Customers has expressed doubts about Presidents Akufo-Addo’s assurance that they will start receiving their payment from Monday, February 24. President Akufo-Addo during the State of the Nation Address announced that the Receiver for the collapsed Savings and Loans and Microfinance Companies will start disbursing an amount of 5…
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BoG launches real-time platform for interbank forex trading
As part of plans to ensure the continuous stability of the local currency against its major trading partners, the Bank of Ghana has launched a platform for commercial banks to use in the trading of forex in a real-time manner. Referred to as the Refinitiv Matching Platform, it is part of the central bank’s plans…
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Republic Bank hands over ultra-modern school block to Berase
Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited has handed over an ultra-modern primary school block, Berase A.M.E Zion Basic School to the Chiefs, School leadership and People of Berase in the KEEA District of Cape Coast, Central Region. The Ultra-modern School block was built by Republic Bank Ghana as part of its…
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Defunct S&L-Microfinance firms: Receiver to disburse GH¢5 bn from Feb. 24 – Nana Addo
President Akufo-Addo has announced that the Receiver of the defunct Savings and Loans and Microfinance Companies will start paying locked up funds of customers from Monday, 24th February 2020. The President disclosed that the Receiver is ready to disburse 5 billion cedis in addition to the 13 billion cedis that has already been spent on…
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ATI urges Ghana to sign onto RLSF to reduce risks associated with energy projects
The Chief Executive Officer of the African Trade Insurance Agency (ATI), John Lentaigne, has urged the government of Ghana to expedite the signing up of the Regional Liquidity Support Facility, RLSF, to help private investors access funds for their activities. The facility, which is part of the benefits of the African Trade Insurance Agency agreement,…
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Fidelity Bank makes National Chocolate Day extra special for customers
In the spirit of togetherness, Fidelity Bank on National Chocolate Day has treated customers at all branches across the country with branded chocolates to create an atmosphere of love in appreciation for their affinity for the brand. The National Chocolate Day excitement started with staff as well as customers who visited Fidelity Bank branches receiving…
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Integration of West African Stock Exchanges to be completed this year – GSE MD
The Managing Director of the Ghana Stock Exchange (GSE) Ekow Afedzie says the final phase of the integration of three key stock exchanges across the West Africa sub-region to facilitate cross-border listing and trading will take off this year. Speaking at a news conference organised by the local bourse, Mr. Afedzie said the process is…
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Ideal Finance collapse: EOCO pursues Nii Kotei Dzani for more assets and accounts
The Economic and Organized Crime Office (EOCO), says it is still in the process of tracking more assets and accounts owned by Council of State Member and founder of defunct Ideal Finance, Nii Kotei Dzani. EOCO has already frozen some 31 accounts and some landed property of Nii Kotei Dzani, as part of efforts to…
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EOCO freezes assets of defunct Ideal Finance boss, Nii Kotei Dzani
The Economic and Organized Crime Office (EOCO), has frozen the assets of Nii Kotei Dzani, a Member of the Council of State and founder and Director of defunct Ideal Finance. According to Citi Business News sources, the action is to among other things intended to find ways to retrieve funds from him to pay back…