Tag: Barclays Bank Ghana
-
Absa Ghana confident of banking sector dominance – Abena Osei-Poku
Managing Director of Absa Bank Ghana Limited, formerly Barclays Bank, Abena Osei-Poku, is confident the bank will ride on the back of innovative solutions to maintain its dominance of the banking sector. Speaking at the official launch of Absa Bank Ghana, Mrs. Osei-Poku said: “Solidly anchored in the Ghanaian economy for over 100 years, we…
-
BoG satisfied with banks’ compliance with corporate governance directives
The Governor of the Bank of Ghana, Dr. Ernest Addison, has lauded commercial banks’ compliance with new corporate governance directives issued in the aftermath of the banking sector clean-up. Dr. Addison, speaking at the launch of rebranded Barclays Bank Ghana to Absa Bank Ghana Limited, said the central bank’s directives were intended to create a…
-
Barclays Bank Ghana officially rebrands as Absa Bank Ghana
Barclays Bank Ghana Limited, on Monday, February 10, 2020, officially commenced operations as Absa Bank Ghana Limited, a subsidiary of Absa Group Limited, after receiving all required regulatory approvals from the Bank of Ghana. The name change marks the start of a new era for the bank’s operations as a forward-looking African bank with global…
-
Bank of Ghana clears Barclays Bank over forex incident
The central bank has revealed that it reached an agreement with Barclays Bank, which was on Monday fined for breaching some forex trading conduct. Bank of Ghana earlier in the week fined the Barclays Bank GHC4.6 million for making “frivolous” quotes on Ghana’s Interbank Foreign Exchange Market. But a statement the banking regulator issued on…
-
Barclays Bank Ghana posts GH¢386m in profits in 2017
Barclays Bank Ghana is confident of sustaining its profits and contribution to the new ABSA brand from this year onwards. The Bank’s optimism is premised on its performance for last year (2017) where it recorded a profit after tax of 386.17 million cedis. The Finance Director at Barclays Bank Ghana, Antoinette Kwofie disclosed this plan…
-
Barclays Bank Ghana targets acquisitions as it rebrands
Barclays Bank has disclosed to Citi Business News plans to undertake major acquisitions in the country as it rebrands to Absa by June 2020. Managing Director of the Bank, Patience Akyianu explains that her outfit has already begun talks with regulators and shareholders ahead of the move. Barclays Africa Group last week announced that it…
-
Ghana to pay 18.75 % interest on first 5 year bond in 2017
Ghana accepted 369.47 million cedis ($84.7 million) worth of bids for the country’s first five-year domestic bond issued on Thursday, January 26, 2017. Citi Business News understands total bids subscribed amounted to 420.14 million cedis. The rate for the bond is 18.75 percent. The cash will be used rollover forecast maturities, meet government’s financing requirements…