Category: Banking And Finance
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UBA Ghana to expand branch network in 2020
The Head of Marketing and Corporate Communications of UBA Ghana, Efo Kwame Dzakpasu, has said that bank is in the process of expanding its reach to about five extra operational areas in the coming year. He said the bank had started work on branches in Ashaiman and Kasoa to beef up its physical relationship with…
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Prudential Bank optimistic about the future as it opens two new branches
Prudential bank has opened two new branches in Accra, the Airport city branch and the Cantonments branch. The two new branches bring the total number of the bank’s branches across the country to 41. Speaking at the opening of the branches, the Deputy Managing Director (Finance, Administration and Credit Administration) John K Addo, intimated that…
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BoG urges retail outlets to accept new GHC100, GHS200 notes after a shop rejected it
The Bank of Ghana has encouraged the general public particularly retail outlets, to accept the new GHS 100 and GHS 200 currency notes as they remain legal tender. The advice follows a viral video where a customer was allegedly turned away at a Game shop when he issued a 200 cedi note to pay for…
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Customers of collapsed banks, microfinance firms to get 100% deposits – Akufo-Addo
President Nana Akufo-Addo has announced that customers of indigenous banks that lost their licenses due to the financial sector clean-up exercise will receive full payment of their locked up cash. He said the same would be done for customers of collapsed microfinance institutions and savings and loans companies. The president made this known in his…
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Over 3,000 Groupe Nduom employees jobless after banking sector clean-up – Nduom
The Chairman of Groupe Nduom, Dr. Papa Kwesi Ndoum, has disclosed that more than 3,000 of his employees lost their jobs as a result of the banking sector clean-up. Dr. Ndoum’s GN Bank which was one of his numerous businesses, was downgraded to a savings and loans company in the early part of 2019. One…
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Bank of Africa partners CGIA Institute on Women in Finance & Investment Summit
Bank of Africa, a strong advocate of the UN’s Sustainable Development Goals, as part of its commitment to promoting Gender Equality partnered the Chartered Global Investment Analyst (CGIA) Institute to organize the Women in Finance & Investment Summit in Accra. CGIA Institute is the world’s largest and globally recognized professional body providing approved designation for…
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Banks must innovate or fall victim to disruption – eTranzact MD
The Managing Director of eTranzact Ghana, George Babafemi, says financial institutions must as a matter of priority, introduce relevant innovations to complement the disruptive effect of mobile money else they risk being pushed out of business. Until recently, cheque as a means of payment was the most popular and preferred, but data from the Bank…
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Nalerigu: Some traders rely on ‘Susu’ boxes over financial sector challenges
Despite the presence of many financial institutions including banks and micro finance firms across the country, about 43 percent of Ghanaians are still not served by any formal finance firm. This led to the formulation of Ghana’s National Financial Inclusion and Development Strategy in 2018, to among other targets, increase access to formal financial services…
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Standard Chartered appoints Kwabena Nifa Aning, Sheikh Jobe as new Directors
Standard Chartered Bank Ghana has appointed Kwabena Nifa Aning and Sheikh Jobe as Independent Non-Executive Director and Executive Director respectively, to the Board of the Bank with effective December 4, 2019. Commenting on the appointments, Board Chairman of Standard Chartered Bank, Ghana Limited, Dr. Emmanuel Oteng Kumah, said, “We are excited to welcome Kwabena and…
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StanChart holds festival of 9 Lessons and Carols with loyal customers
About 200 clients of Standard Chartered Bank were treated to good music at its 2019 Festival of Nine Lessons and Carols. For close to two hours, the lights sparkled in radiant colours, as voices accompanied by instrumentation billowed to relive the birth of Christ Jesus in a glorious atmosphere. Setting the stage for a scintillating evening of Nine Lessons…