Implement Findings of AQR Exercise
The Bank of Ghana (BoG) has directed all banks to strictly comply with its recommendations from a recent Asset Quality Review (AQR) exercise conducted by the bank. The findings which have been...
Tag: bank
Barclays Profits More Than Doubled
Barclays says its profits more than doubled in the first three months of the year, boosted by better performance across the board. Pre-tax profit for the first quarter was £1.682bn, up from £793m...
‘Tontine’ Microcredit Helps Senegal Women Do Business
After months of waiting, 50-year-old Ndeye Khari Pouye has finally won the "cagnotte de la tontine", a precious jackpot to help feed her chickens and maintain her livelihood. Sitting on a mat...
China Targets Debt Risks, But Does It Mean Business?
China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities...
CAL Bank’s 2016 Profits Dip Over High NPLs
CAL bank’s total profits for 2016 dropped by as much as 95 percent compared to the profits recorded in 2015. The bank’s profit dropped to 7.2 million cedis in 2016 from the over 160 million cedis...
BoG Clarifies US$41m Bauxite Export Earnings
The Bank of Ghana (BoG) has formally responded to queries raised by the Public Accounts Committee (PAC) of Parliament regarding the $41 million bauxite export which was said to have not been captured...
NPLs Erode HFC Bank’s 2016 Profits
HFC bank’s 2016 figures show that the bank’s total deposit grew by 31%. The figure increased from 1.18 billion cedis in 2015 to 1.55 billion cedis in 2016. This also outperformed the industry’s...
HFC Bank Records Mixed Financial Results In 2016
HFC Bank recorded an 18% growth in its assets from GH¢1.6 billion to GH¢1.89 billion in the 2016 financial year. The Bank also saw its deposits going up 31%, outperforming the industry average of...
Energy Bank CEO Gets Award For Women Development
THE Managing Director and Chief Executive Officer of Energy Bank, Christiana Olaoye, has been specially rewarded for her contribution to economic welfare of the African girl-child and women. Dubbed...
BoG Clarifies Position On Bauxite Exports
The Central Bank has reacted to recent media reports which suggested that proceeds from Ghana’s bauxite exports in 2015 was not captured in its 2015 Statements of Foreign Exchange Receipts and...
PAC Helps Retrieve GHC61,000 From GHS
The Public Accounts Committee of Parliament (PAC) has said it had helped to retrieve GH¢61,000 from the Ghana Health Service (GHS), paid to Government through the Ministry of Finance, this week. Dr...
The Sorry State of Our State Institutions; Doom Awaits
IKA writes: The sorry state of our State Institutions; doom awaits In January 2017, Ghana Police Service held a Press Conference to brief the media and by extension the nation about actions taken by...
Profit-Seeking South Africa Could Take Home Tests Abroad
Staging home Test matches abroad is among the options South African rugby bosses are considering in a bid to make the national body profitable again. Dwindling sponsorship in a harsh economic...
Stanbic Bank Supports UDS Leadership Lectures
Stanbic Bank is the lead sponsor of the University for Development Studies (UDS) Africa Leadership Lectures, the fifth edition of which has the former President of the Republic of Tanzania, Mr...
E-Zwich Patronage Grows By 170% In Quarter 1
More people continue to use e-zwich leading to an impressive growth in patronage by over 170 percent in the first quarter of this year compared to the same period last year. The volume of e-zwich...
Rescued Taiwanese Hiker Marks Sombre Birthday In Nepal
A Taiwanese trekker who was rescued on a Nepal mountainside seven weeks after going missing marked his 21st birthday in a Kathmandu hospital Friday, recovering from an ordeal that left his girlfriend...
BoG Cautions Banks To Guard Against Cyber Attacks
The Bank of Ghana (BoG) is advising the country’s banks to guard against vulnerability to cyber attacks. “The growing threat of cyber attacks has never been more pressing. Recent instances of...
Modernizing Ghana’s Business Laws
The President believes that private sector led growth is the surest way for Ghana to sustain economic growth. Hence, the President’s maiden budget focused on tax cuts to create space for businesses...
Barclays Bank Says One-Off Charges Hit Q1 Bottom Line
British bank Barclays, whose chief executive faces a regulatory probe, said Friday that first-quarter net profits sank by more than half on a large impairment at its Africa division. Profit after...
BoG Respond To PAC’s Queries On $41m Bauxite Export
The Bank of Ghana (BoG) has responded the Public Accounts Committee's (PAC) queries on the $41 million bauxite export said to have not been captured in its audited report for 2015. The committee...