Ghana Ripe For Cashlite Economy
Mr Alhassan Andani, Chief Executive of Stanbic Bank Ghana, says going cashlite may be a way out of the recent spate of robberies apparently fueled by the presence of cash. According to the President...
Tag: banking
Let’s Go Electronic and Reduce Exposure To Robbers
The public has been urged to resort more to electronic forms of payment in order to reduce their exposure to armed robbery and related risks. Mr Archie Hesse, the Chief Executive of Ghana Interbank...
UMB Introduces ‘SpeedApp’ For Seamless Mobile Banking
As part of measures to digitize and make banking more convenient, Universal Merchant Bank (UMB) has launched a mobile application to bring banking to the doorstep of its numerous customers. The UMB...
Access Bank’s Family Promo Gives Ghc150k To Winner
Access Bank’s family promotion which started in July last year was climaxed in Accra last Friday as the final batch of winners picked up amazing and life changing prizes. With over 60,000 new and...
GhIPSS Introduces E-Bills Pay System For Large Organisations
Large corporate organisations and public sector institutions can receive instant payment electronically if they sign onto the e-bills pay system introduced by Ghana Interbank Payment and Settlement...
2016 AG Report: Over Two Billion Cedis Financial Irregularities Uncovered
The overall financial impact of “weaknesses and irregularities” identified in the public amounted to GH¢2,165,542,375.14, according to the 2016 Auditor’s General report. The “weaknesses and...
2016 AG Report: Over Two Trillion Cedis Financial Irregularities Uncovered
The overall financial impact of “weaknesses and irregularities” identified in the public sector amounted to GH¢2,165,542,375.14, according to the 2016 Auditor’s General report. The...
2016 AG Report: Over Two Trillion Cedis Financial Irregularities Uncovered
The overall financial impact of “weaknesses and irregularities” identified in the public amounted to GH¢2,165,542,375.14, according to the 2016 Auditor’s General report. The “weaknesses and...
Bank of Ghana To Commence Implementation of Deposit Insurance
The Bank of Ghana will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018. Parliament in 2016 passed the Deposit Protection Act, which seeks to establish a...
Ghana Ranks 95th In Global Financial Secrecy Index
Ghana ranks 95th in the global Financial Secrecy Index (FSI) 2018 report polling a secrecy score of 62 in a study published by the Tax Justice Network in conjunction with Transparency International,...
Ecobank Ghana Sacks 181 Staff, Close Branches Under Digital Agenda
Ecobank Ghana has sacked a total of 181 outsourced staff from its branches across the country, Business and Financial Times (B&FT) reports reveal. The massive lay-off which took effect yesterday ,...
Important Facts You Must Know
News broke this morning , that the Bank of Ghana (BoG) has revoked the licences of UT and Capital banks from operating as independent commercial banks in Ghana; a development that literally means...
Banks’ Interests On Car Loans Drop To 31.1 % In June
Banks’ interests on car loans drop to 31.1 % in June The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on...
ADB Wins Best Bank In Agric, Forestry and Fishing Financing
The Agricultural Development Bank (ADB) emerged as the best bank in Agriculture, Forestry and Fishing Finance at the 16th Ghana Banking Awards. The bank also came up as the second Most Active E-zwich...
GN Bank Wins Award
GN Bank has been adjudged the best growing bank at the 16th Edition of the Ghana Banking Awards (GBA) held in Accra recently. The bank was also named the second runner-up for Trade Finance at the...
Fidelity Bank Grows Agent Network
Largest privately owned Ghanaian bank, Fidelity Bank has expanded its agent network to make its services readily available to all customers and potential customers of the Bank. Under its Agency...
Average Interest On Deposits Drops Marginally In June
The average interest offered by banks on customer deposits dropped by 2.67 percent between May and June 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report...
Banks Facing Continuing Challenges
Research wing of Groupe Nduom (GN) conglomerate, GN Research, has stressed that reductions in the Monetary Policy Rate (MPR) will continue to have marginal effect on commercial bank rates so far as...
Dun & Bradstreet Holds Workshop For Insurers In Accra
Dun & Bradstreet (D&B), an international business service company that promotes financial infrastructure and provides credit risk facilities, yesterday held a workshop for insurance providers and...
Mobi Bancassurance Relaunched By GN Life & GN Bank
GN Life and GN Bank, entities of Groupe Nduom (GN), have re-launched a “Mobi Bancasurrance partnership.” The partnership requires GN mobile bankers to market GN life products so as to provide...