Banking

Indigenous banks want more time to pay GHC400m minimum capital

The ten indigenous universal banks in Ghana are asking for an extension of the deadline for them to meet Bank of Ghana's GHC400 million...

77% transactions on Ecobank is digital – MD

Ecobank Ghana Managing Director, Dan Sackey has said currently 77 per cent of all transactions with the bank are digital.He told journalists at the...

ECOBANK to pay GHC400m minimum capital June

Ecobank Ghana said it is set to pay the GHC400 million minimum capital requirement (MCR) by the Bank of Ghana June this year.All banks...

Open Letter to BOG Boss: Don’t make Ghanaians spectators of finance industry

Hello Dr. Governor, I dare say that whereas the GHC400 million (US$88.5 million) minimum capital requirement (MCR) you have placed on banks is not a...

Ecobank Group partners with MTN to deepen financial inclusion across Africa

MTN has announced a collaboration with Africa’s leading independent banking group, Ecobank Transnational Incorporated (ETI), to leverage each other’s assets and offer more value...

Omnibank is the official bank for 2018 pilgrimage

OmniBank has signed an agreement with the Ministry of Chieftaincy and Religious Affairs as the official Bank and partner for the Christian pilgrimage to...

No dividends, as banks struggle to raise GH¢400m

Despite impressive performances in 2017, banks are not likely to deal out dividends this year; at least not so generously, as they struggle to...

UniBank takeover: No customer will lose money – BoG

The Bank of Ghana has assured customers of uniBank that their savings are safe, despite handing over management of the financial outfit to KPMG. The...

BREAKING: Bank of Ghana takes over Unibank

The Bank of Ghana has announced it has taken over the management of private bank, Unibank. The Governor of the central bank explained at a...

FIDO Money Lending receives funding from DEG’s up-scaling programme

FIDO Money Lending Limited (FIDO), an innovative digital-first financial institution based in Accra, Ghana, received funding to the amount of 500,000 Euro from the German...

GSE lifts suspension on adb

The Ghana Stock Exchange (GSE), has lifted a...

ADB dismisses uniBank takeover report

The management of the Agricultural Development Bank (ADB) has dismissed reports claiming that uniBank has taken over 51 percent shares. Reports indicate that uniBank has...

The love of Valentine specially made for MTN & JUMIA customers

It’s just two days away to the end of a love package specially prepared for customers called MTN&Jumialovesyou. The exceptionality in the service rendered...

MTN secures GH¢510m syndicated loan facility

The loan facility was arranged by Ecobank Ghana and Ecobank Capital, with Barclays Bank as the main agent. The interest on the loan will be...

Black Friday deals; fastest fingers a thing of the past

Fastest fingers? Too much stress in this era where time is scarce. In the past, it used to be fun and exciting having to...

National ID, Digital Property Address will reduce loan interest rates – Dr Bawumia

Ghanaians can look forward to a reduction in the amounts they pay as interest on loans when the various measures aimed at formalising the...

ADB shares soar 77% on the back of positive financial performance

Shares of Agricultural Development Bank (ADB) has witnessed 77% increment since the bank was listed on the Ghana Stock Exchange (GSE). The share price increased...

ADB pledges GHȻ200m to One-District-One-Factory project

The Agricultural Development Bank (ADB) Limited has pledged GHȻ200 million to support the One-District-One-Factory (1D1F) initiative by the government, which seeks to industrialise the...

FULL TEXT: 2018 budget statement

“Rt. Hon. Speaker, Honourable Members of Parliament, on the authority of the President of the Republic, Nana Addo Dankwa Akufo-Addo, I beg to move...

UT, Capital Bank collapse: Confidence in banking sector still strong – Ofori Atta

The Finance Minister, Ken Ofori Atta has stated that confidence in the banking sector has not waned despite the recent take over of the...

Over 200, 000 farmers registered for Planting for Food and Jobs program – Ken

Finance Minister, Ken Ofori Atta has said that 201,000 farmers have been registered for the Planting for Food and Jobs program. He said that Planting...

Rural, Community banks seek extension of minimum capital deadline

The Managing Director of the Association of Rural Banks (ARB-APEX Bank), Kojo Mattah wants the Bank of Ghana (BoG) to extend the deadline for...

Rural Banks Face Collapse Under Heavy Taxes

The Board Chairman of Asante Akyem Rural Bank, Mr. Francis Opuni Sekyere has hinted that rural banks face possible collapse because of high jump in...

Ecobank storms Osu with digital banking drive

In line with the overall digital Ghana agenda, staff and officials of Ecobank Ghana went on a vigorous digital finance campaign at Osu to...

BoG sanitizes microfinance sector by ‘naming and shaming’

The Bank of Ghana’s decision to name and caution the public from doing business with all institutions operating illegally as microfinance companies should culminate...

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...