Banking

Ecobank provides flexible payment package for Samsung Note8

Samsung Ghana, in collaboration with Ecobank, launched the latest mobile device from the Samsung Note series with Ecobank offering prospective buyers a flexible payment...

FBNBank pledge support for made in Ghana goods

FBNBank Ghana, a subsidiary of First Bank Nigeria, has pledged its long-term support for made in Ghana goods.Managing Director of the bank, Gbenga Odeyemi...

IF I WERE A CHARTERED MEMBER

I attended the Chartered Institute of Marketing Ghana (CIMG) Awards recently. I had not attended the awards night for several years. As an associate...

Trump congratulates African leaders for making his friends rich

President Donald Trump on Wednesday was met with silence when he congratulated the leaders of African countries on the continent's economic progress, telling them,...

NIB denies GCB Bank takeover claims

The National Investment Bank (NIB) has denied reports that it would soon be taken over by the Ghana Commercial Bank (GCB Bank).According to the...

Banks need strong corporate governance to survive – Governor

Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has called on banks to institute strong corporate governance structures in order to overcome...

1000 workers of UT, Capital Banks sacked

The management of GCB is terminating the appointment of about 1000 workers of the now defunct UT and Capital banks.According to the management of...

BoG raises minimum capital to $100 million

The Bank of Ghana will formally direct banks in the country to recapitalise to GH¢400 million, equivalent to about US$100 million on Monday September...

South African banks are reining in loans

South Africa’s four biggest banks, pummeled by political wrangling and enmeshed in the country’s economic malaise, are increasingly shying away from their main role:...

Banks’ profits decline

Profitability in the country’s banking sector declined for the period ending June 2017 compared with the same period last year. Profitability indicators such as the...

Capital Bank rot exposed

An internal report of a probe into how Third Party Funds (TPF) were used by the Capital Bank shareholders has revealed massive individual and...

Publish the assets and liabilities of UT and Capital Banks – BoG urged

The Bank of Ghana has been urged to publish the assets and liabilities of the defunct UT and Capital Banks. This, according to the Eastern...

Collapsed banks: Labour Minister to meet GCB over workers’ fate

The Minister of Employment and Labour Relations, Ignatius Baffuor Awuah says he will by next week meet the management of GCB Bank to discuss...

UT Life not related to UT Bank – management

The management of insurance service provider UT Life Insurance Limited has said the company is not related to UT Bank in anyway. They are therefore...

UT Bank, Capital Bank collapse: No panic withdrawals so far – BoG

There has not been any panic withdrawals at various branches of both Capital and UT Banks, following GCB Bank’s takeover of both banks, Bank...

PHOTO: GCB rebrands UT head office

The rebranding of one of the two collapsed Ghanaian-owned banks, UT Bank, which has been taken over by GCB Bank, has started barely hours...

UT, Capital Bank take over: What you need to know

The Central Bank has provided answers to frequently asked questions regarding the take over of UT and Capital Bank. This follows Bank of Ghana revoking the...

MTN's Mohammed Rufai is GITTA CTO of the year

Chief Technical Officer of MTN Ghana, Mohammed Lawal Rufai has been adjudged the Chief Technology Officer (CTO) of the Year at the 2017 Ghana...

Be careful of demons – Kwesi Botchwey cautions government

Former Minister of Finance and Economic Planning, Dr. Kwesi Botchwey, has advised current managers of the Ghanaian economy to be careful of demons that...

Moody's: BoG policy rate cut is credit positive for banks

The rating agency Moody’s says the 150 basis points policy rate cut by the Bank of Ghana last week is credit positive for the...

Kenyan banks face fine for cheating borrowers

The Central Bank of Kenya (CBK) has published new regulations quadrupling the penalties that commercial banks will pay for failing to disclose the true...

Court to begin committal proceedings against six for murder of Fidelity bank official

A state attorney, Ms Joyce Debrah, was expected to start the committal proceedings yesterday but requested for more time to do certain minor corrections...

Ecobank, Allianz launch juicy bancassurance product

Ecobank Ghana, the country’s biggest bank, has struck yet another deal with Allianz Insurance Company to deepen its footprints in the bancassurance market with...

ECOBANK donates GHC197,000 to needy organizations, individuals

Ecobank Foundation has donated items and cash to the tune of GHC196,940 to a number of needy organizations and medical students as part of...

Savings and Loans companies urged to adhere to BoG standards

The Non-Bank Financial Institutions (NBFI) play a critical role in building a strong and viable financial sector for the development of the national economy,...

Finance Minister accused of contempt of Parliament

The Minority has accused the Finance Minister, Ken Ofori-Atta, of contempt of Parliament for failing to implement tax cuts approved by the House.Implementation of...

Ghana’s 2016 gold output increased by 45% – report

Gold output jumped 45 percent in 2016 compared to the previous year as new projects came online and activities expanded across the industry, the...

Ecobank, Mastercard partnership recognised at African Banker Awards

The strategic partnership between the Ecobank Group and Mastercard was recognised at the 2017 African Bankers Awards for ‘Innovation in Banking'.The landmark deal between...

National ID will cut banking cost, boost financial inclusion – Ecobank Boss

Ecobank Ghana Boss, Daniel Kwei-Kumah Sackey has urged government to commit to its promise of delivering the National Identification Cards this year because it...

CDH boss is Group CEO of Year 2016

The Group Chief Executive of CDH Financial Holdings Limited, Emmanuel Adu-Sarkodee has won the prestigious and coveted Group Chief Executive Officer of the Year...

Golden Tulip Accra marks May Day with Selewa African Market

The Golden Tulip Hotel in Accra marked this year's May Day by hosting the Selewa African Market which afforded over 30 vendors the opportunity to...

Banks deposits hit GHC53.2b