Tag: GCB
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Five-year performance of GCB equity on the Ghana Stock Exchange
Investing in shares or stock or equity should be done with a long term view, this is because historically, the stock market outperforms all other asset classes particularly the traditional asset classes being T-Bills and bonds in the long term, beating inflation and recording significant returns. The stock market is known to record over 110%…
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GCB Bank’s G-Money launches API for Fintech partners
G-Money, GCB Bank Ghana Limited’s mobile money service has launched ‘Nexus,’ an open Application Programming Interface (API) system to onboard third-party Financial Technology (FinTech) partners. With the API, G-Money partners are now able to perform disbursements, collections and bill payments including the payment of school fees and utility bills. Additionally, partners will be able to…
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Newly launched G-Money to offer competition for mobile financial operators
Head of Mobile Financial Services at GCB Bank, Carl Ashie, has told Citi Business News the newly launched mobile money wallet service, G-Money will offer a more competitive environment for mobile financial operators. According to him, the launch of the product is part of innovative plans by the bank to meet the ready needs of…
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Cleanup of financial sector responsible for current economic stability–BoG
The Bank of Ghana (BoG) says the current financial stability being experienced in the country is as a result of the prudent way it undertook the financial sector clean. Between 2017 and 2019, the central bank embarked on an exercise that saw over 420 financial institutions including banks, microfinance companies, as well as savings and…