Tag: Standard Bank
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Standard Bank enters 17th decade as Africa’s largest financial business
In October 1862 in the city of Port Elizabeth, South Africa, what was to become Africa’s largest financial services business was birthed. Standard Bank, then known as The Standard Bank of British South Africa started doing business in a tent in Johannesburg, then known as Ferreira’s Camp, defying many odds in very challenging times. From…
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Economist reacts to slash in Ghana’s growth rate forecast
Economist, Dr. Patrick Asuming, says the slash of Ghana’s growth rate forecast to 3.1 percent by Standard Bank is an indication that the government has not gotten a handle on how to save the economy. Africa’s biggest bank, Standard Bank, has slashed Ghana’s economic growth rate forecast for 2022 to 3.1 percent from the earlier…
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Standard Bank cuts down Ghana’s 2022 growth rate to 3.1%
Africa’s biggest bank, Standard Bank has revised this year’s projected economic growth rate target for Ghana from 6.2 % to 3.1%. It has also slashed its 2023 Gross Domestic Product (GDP) forecast for the country to 4.1%, from the earlier 6.8%. This forecast from the Standard Bank is lower than the government of Ghana’s revised…
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Standard Bank initiative connects African businesses to China
Standard Bank, the parent bank of Stanbic Ghana, has launched an initiative dubbed: “African China Agent Proposition” (ACAP) aimed at assisting African importers to source and validate quality goods from competitive suppliers in China. The initiative is expected to ease the cash flow of African importers by providing access to financing while empowering them…