Category: Business
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Yieleh Chireh retires as Board Chair of FBNbank Ghana
Chairman of the Board of Directors of FBNBank Ghana, Mr Joseph Yieleh Chireh has retired. This was captured in a statement issued by the bank. Yieleh Chireh, a pharmacist, legal practitioner and the Member of Parliament for Wa West, served for two terms as chairman of the bank from 2014 to 2020. The company in…
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CBG stronger now, could go international – Gideon Boako
The Vice President’s Spokesperson, Gideon Boako, says he has high hopes for Consolidated Bank Ghana Limited and expects it to go international. CBG was birthed from the merger for five struggling banks during the banking crisis. Dr. Boako reiterated the government’s defence of the handling of the banking sector and the need to create CBG…
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Akufo-Addo to hand over AfCFTA Secretariat building to AU Commission on Monday
President Nana Akufo-Addo will, on Monday, August 17, 2020, commission and hand over the African Continental Free Trade Area (AfCFTA) Secretariat Building to the African Union Commission (AUC) in Accra. The Secretariat, will administer the free trade agreement for creating a single market across 55 countries with a combined population of 1.2 billion and a…
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Dalex Finance donates towards 20 for ’20 Campaign
Dalex Finance has presented a cheque of GHS20,000 towards the 20 for ’20 Campaign. The 20 for ’20 Campaign is a fund-raising initiative instituted by the Office of Institutional Advancement at the University of Ghana to raise funds for the UG@70 Endowment Fund and other projects. Mr. Richard Obeng Dwamena, Head of Finance, Dalex Finance…
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Fraud cases in banking sector increase by 5.5 percent in 2019–BoG report
New figures released by the Bank of Ghana show that fraud cases in the banking sector increased to 2,295 from 2,175, representing 5.5 percent in 2019. The marginal increase in the number of fraud cases according to the central bank could partly be attributed to the improved efforts by the Financial Stability Department to identify,…
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Shareholders will enjoy dividends soon – ADB Board Chairman assures
Shareholders of the Agricultural Development Bank (ADB) have been assured of dividends soon as the Bank continues on the path of sustainable growth and profit making. According to the Board Chairman, Lawyer Alex Barnasko, under his leadership the Bank was now making profit and with a well laid out strategy shareholders will soon enjoy dividends…
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Advans Ghana Savings & Loans; OikoCredit distributes PPE and sanitary items to clients
Advans Ghana Savings and Loans has launched an exercise to distribute PPE and sanitary products to its clients. The 5-day project will distribute nose masks, hand sanitizers, hand washing soap and Veronica buckets to clients as part of its measures in assisting clients fight the spread of Covid-19. Since the beginning of the global health…
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Aggrieved customers of defunct First Allied Savings & Loans demand locked up cash
Some customers of defunct First Allied Savings and Loans Limited on Monday besieged the Kojo Thomson Road branch of the Receiver’s payment center to demand payment of their locked-up funds. President Nana Akufo-Addo had recently claimed that 98% of the depositors of the microfinance and savings and loans companies have received their monies. But some customers…
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Gov’t requests US$1.3 billion syndicated loan to purchase cocoa for 2020/2021 crop season
Government is seeking parliamentary approval to borrow US$1.3 billion to finance the purchase of cocoa for the 2020/2021 crop season. An additional GHS6.5 million in tax waivers has also been presented to Parliament. The requests were made before the Finance Committee of Parliament on Monday, August 10, 2020. The House is expected to debate and…
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ADB encourages customers to update their records
The Agricultural Development Bank Limited (ADB) is encouraging customers to update their customer information details to ensure that all their details are accurately captured by the Bank. To ensure this , the Bank encouraging customers to visit the Bank’s website www.agricbank.com or any of the 83 branches nationwide to effect the update of their personal…