Tag: Standard Chartered Bank
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HR Focus partners Standard Chartered to launch finals of HR Focus Business Challenge
HR Focus in partnership with Standard Chartered has launched the final phase of this year’s HR Focus Business Challenge at the Bank’s head office. Eight universities are competing in the Business Challenge which seeks to unearth the entrepreneurial potential and create an avenue for shared learning among students. The 5-month long challenge will give university…
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Former CEO of MTN appointed as independent non-executive director by Stanchart Bank
Former CEO of MTN Ghana, Mr. Ebenezer Twum Asante has been appointed by Standard Chartered Bank Ghana, as an Independent Non-Executive Director of the Bank effective 2nd May, 2019. Mr. Ebenezer Twum Asante has over fifteen years progressive and diversified experience in leadership as an accomplished Senior Executive and Strategic Leader. He was appointed Vice…
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Ishmael Yamson steps down as Board Chairman of Stanchart
The Board Chairman of Standard Chartered Bank, Mr. Ishmael Yamson has announced his resignation from the position effective June 30, 2018. His resignation comes after serving in that capacity for thirteen years; from 2005 to 2018. Mr. Yamson announced his resignation at the bank’s Annual General Meeting (AGM) on Thursday, June 7, 2018. Speaking to…
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Average interest rate on deposits stays at 10.4%
The average interest rate on customer deposits among commercial banks, remained unchanged at 10.4 percent in December 2017. According to the Bank of Ghana’s Annual Percentage Rate (APR) and Average Interest (AI) report, of the thirty-one banks that were surveyed, Bank of Africa offers the highest interest rates on customer deposits at 16.1 percent. Standard Chartered Bank…
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Govt fails to raise 6 billion cedis for energy bond
Government failed to raise the 6 billion cedis for the energy bond it issued last week. Government was able to raise 3.4 billion cedis as at Friday, October 27, 2017. As a result, the managers of the bond have announced an extension of the auction for the 10 year bond by one more week. The…
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Investor confidence for energy bond positive
Lead managers of the energy bond have described as positive, investor confidence expressed at the road shows conducted ahead of the bond issuance. Government on Monday, October 23, 2017 concluded the two road shows for the energy bond to clear the 2.5billion dollar energy sector debt. The representatives of Fidelity Bank and Standard Chartered Bank;…
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President confident of turnaround in banking sector
President Akufo Addo has reiterated his commitment to turnaround the country’s economic fortunes and expand the financial sector. He admits that his administration comes at a time that the banks are facing tough times which have impeded their growth and their ability to support industrial growth. According to the President, the policies being enrolled to…
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Average deposit rate drops; Stanchart still offers lowest rates
The average interest offered by banks on customer deposits has dropped by about 2.5 percent between January and February this year. The figure declined from 11.9 percent as at end of January 2017 to 11.6 percent as at end of February; the latest Annual Percentage Rates (APR) and Average Interest (AI) report by the BoG…
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Stanchart offers lowest interest on customers’ deposits – BoG report
Standard Chartered Bank has been named as the bank with the lowest interest on customer deposits. According to the Bank of Ghana’s latest Annual Percentage Rates (APR) and Average Interest (AI) report, Standard Chartered Bank offered 4.3 percent on deposits of its customers as at end of January 2017. The report which contained the rates…