Eight Institutions Owe SSNIT GHc477.3m
The Social Security and National Insurance Trust (SSNIT) has not recovered the GH¢477.3 million loan it granted to eight public and private institutions and organisations, the Auditor-General’s...
Tag: banking
Banks Deposits Hit GHC53.2b
Total deposits of the banking industry as at the end of February 2017 was GH¢53.2 billion, up from GH¢51.8 in January, representing 33.1 percent increase. The banking industry also recorded...
[VIDEO] Paralysed Aquinas Old Student Receives GH5, 000 From Mates
The 2007 year group of St Thomas Aquinas Old Students Association (Old Toms) on Saturday April 1, presented a cheque for GHc5, 000 to Patrick Yeboah who has been left paralysed after being struck by...
Access Bank Rolls Out Service Initiatives For Customers’ Convenience
Known for its commitment to delivering services that put its customers first, Access Bank Ghana, the 2016 Euromoney’s “Africa’s Best Bank Transformation”, has rolled out new initiatives to...
Salvaging the Sinking Cedi
The economy of Ghana is still developing and the need for export earnings to support national expenditure which is substantially denominated in convertible currency is so overwhelming. The unbridled...
More Join Calls To Review Banking Age
Ms Sandra Tetteh, an 11-year old girl with her mates have joined the call on government to reduce the banking age to 15 years to enable them open and operate bank accounts. The children raised this...
Fake UN Ambassador Busted
A United States of America citizen, who is falsely parading himself as United Nations (UN) Ambassador in Ghana, is in court to defend the sources of over GH¢1.5 million he received in various...
First Atlantic Bank Opens More Branches
First Atlantic Bank formally opened its Dzorwulu and Ring Road Central branches to the public on Tuesday. Karen Akiwumi-Tandoh, Board Chair of the bank, said nearly five years ago after the receipt...
33 Banks To Compete For 16th Edition of Ghana Banking Awards
Thirty-three banks are expected to compete for this year’s Ghana Banking Awards(GBA) scheduled for July 8, 2017. In all, the banks will compete for 17 awards categories including the the coveted...
Governor’s Open Declaration For NDC Influenced His Exit
The Minister for Monitoring and Evaluation, Dr. Anthony Akoto Osei has told Citi Business News the Bank of Ghana Governor’s decision to resign could be largely attributed to the difference in...
BEIGE Boss Makes Strong Case For Local Banks
Despite the raging debate as to the fact that there are too many banks in the country, Mike Nyinaku, the Chief Executive Officer of The BEIGE Group, is cautioning that the debate must be put into...
US Arrests Turkish Banker On Charges of Violating Iran Sanctions
The US has arrested a senior official at a state-owned Turkish bank on charges of helping Iran violate US sanctions, a move that could fuel tension ahead of Secretary of State Rex Tillerson's visit...
Dep. Finance Minister Designate Warns Against Cap On Banks
A Deputy Finance Minister designate, Charles Adu Boahen has warned against capping the number of banks in the country. Calls for a cap on the number of banks in the country have increased following...
Bankers Initiate Moves To Cut Interest Rates For Customers
Some banks have given indication of cutting their interest rates to reflect the reduction in the policy rate by the Bank of Ghana. They explain that the move forms part of plans to reduce the plight...
Bankers Initiate Moves To Cut Interest Rates For Customers
Some banks have given indication of cutting their interest rates to reflect the reduction in the policy rate by the Bank of Ghana. They explain that the move forms part of plans to reduce the plight...
Policy Rate Cut Not Interest Rate Panacea
The Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei Bonsu, has indicated that the recent policy rate cut may not necessarily translate into a reduction in interest rates...
Andani Pushes For Measures To Save Cedi
The President of the Ghana Bankers Association, Mr Alhassan Andani, has called on the government to put in the right measures to address the depreciation of the local currency the cedis. He explained...
Banks To Reduce Loan Defaults As It Intensifies Search For Collaterals
Banks have intensified their search for collaterals from businesses and loan applicants in a bid to reduce growing number of non-performing loans (NPLS) in the banking sector that had hit GH¢ 6.2...
‘Support For Entrepreneurs Key’
PRESIDENT of the Republic, Nana Addo Dankwa Akufo-Addo, has indicated that the fastest way to resolve the issues of an economy that do not meet the needs of the people and of an alarming rate of...
Support For Entrepreneurs Will Turnaround Economy, Reduce Unemployment
President Nana Akufo-Addo says the fastest way to resolve the issues of regarding the economy and an alarming rate of unemployment lie in entrepreneurship, business and technology. He said the nation...