The Bank of Ghana has retracted its earlier report suggesting that GN Bank offers the lowest rate on mortgages in the country. The latest Annual Percentage Rates and Average Interest report...
The Chief Executive Officer of BEIGE Capital, Mike Nyinaku, says the explosion of mobile money services pose no threat to the future of the banking sector in the country. “Mobile money service is a...
The Head of Communications of the Bank of Ghana (BOG), Mr. Bernard Otabil, has asked business and financial journalists not to create panic in the banking and financial markets through speculation....
A top police officer stationed at the Airport District in Accra, Superintendent Felix Agbenyegah Anyidoho, who has been arrested, is facing administrative enquiry for allegedly engaging in fraudulent...
The Ghana Journalist Association (GJA) on Saturday rewarded journalists for their exemplary works in year 2015. In all, a total of 19 journalists were honoured out of 163 entries submitted for the...
The advent of money transfer by means of cellular phones poses no danger to the survival of traditional banks, founder of UT Holdings, Kofi Amoabeng, has stated. Contrary to talk that the service...
Societe Generale Ghana has signed a $50 million Credit Facility agreement with the Government of Ghana to finance the rehabilitation of the Ghana Government Missions abroad. A press release issued by...
The average interest paid on deposits in the banking sector have started climbing as banks bid to attract deposits from savers at a time cheap funds have become scarce. The Bank of Ghana in its...
Banking Consultant, Nana Otuo Acheampong is encouraging greater collaboration between banks and telecommunication companies offering mobile money services and reduce the unbanked population in Ghana....
In Accra not an hour goes by on local radio and television without an advert of a bank promoting some sort of potion for the financial ills of residents. The banks here will lend you money for almost...
Rural banks were first established in Ghana in 1976 with the mandate to provide banking services to the rural population, provide credit facilities to small-scale farmers and businesses and to...
Banking consultant, Nana Otuo Acheampong has stated that the increasing number of banks in the country is not a disincentive to the industry but an avenue that can stimulate good competition....
Commercial Banks in the country are being urged not to cut or reduce lending to the public and businesses due to the rising Non-Performing Loans (NPL) which has hit Ghana’s banking sector. This is...
The people of Liberia have and continue to cry at the hands of their leaderships since the foundation of this Nation Liberia as the result of the deep rooted corrupt practices that has become the way...
The Ghana Inter-bank Payment and Settlements Systems (GhIPSS) has charged banks in the country to expand the Instant Pay service to afford bank customers more flexibility and convenience. The instant...
HFC bank has told Citi Business News it will await a court ruling before it makes its next move following Finatrade’s indebtedness to it. HFC is one of many banks Finatrade is currently indebted...
The Young Banker of the Year Competitions is one of the most challenging and rewarding events in the banking industry calendar and the awards provide an opportunity for high potential future leaders...
The Chief Executive Officer of Dalex Finance, Mr Ken Thompson, says the risk of default on Finatrade's GH¢1.2 billion debt to 26 banks could have been minimised, if the affected institutions were...
GCB Bank is undertaking a staff rationalisation exercise involving about 195 employees, who will exit the bank by the end of July 2016.
The exercise forms part of the bank’s Transformation...
GCB Bank Limited (GCB) has opened a new branch in Weija area of the Ga South Municipality of the Greater Accra Region.
This comes within a month after the Bank commissioned its Adjiringanor branch in...
