In line with its commitment to improving savings culture in Ghana, Access Bank Ghana has unveiled an industry first family savings promotion tagged ‘Abusua Akyɛdeɛ’ to give customers a boost in...
News that JPMorgan Chase considered bidding for British payment company Worldpay signals that big US banks could be shifting back into acquisition mode after nearly a decade playing defense....
As part of efforts to encourage customers to utilize its latest mobile banking service, *901#, Access Bank Ghana is rewarding customers who transact and refer others to join the platform. The *901#...
Bank of Ghana (BoG) has given authorisation to GN Bank to introduce mobile money to the public. The BoG authorisation paves the way for the bank to introduce this unique service which combines mobile...
Indigenous Ghana Bank, Heritage Bank Limited, has taken its expansion drive beyond the Greater Accra Region, by opening its first branch in the Ashanti Region, specifically at Suame in Kumasi. This...
Stanbic Bank has thrilled over one hundred International Private Banking customers at an exclusive event at Movenpick Ambassador Hotel, Accra. Dubbed: The ‘Cognac and Champagne with Chocolate...
There are growing concerns that the rising non-performing loan (NPLs) on the books of some banks in Ghana threatens their existence and depositor’s funds. There is the need for immediate enhanced...
The Bank of Ghana’s Monetary Policy Rate (MPR) has been lowered by 350 basis points from 26% in January to 22.5%. This is the rate at which commercial banks borrow from the central bank on...
Bank of Ghana (BoG) has warned financial institutions in the country to tighten their security system to check money laundering activities. The central bank’s warning comes on the back of global...
The steady interest rate decline in recent months, with a corresponding reduction in lending rates, augurs well for government’s quest to deepen financial inclusion in the country, CEO of...
The National Investment Bank (NIB) has hosted a five (5) day workshop on Financial Modeling for Project Finance in Accra. The workshop was held in collaboration with AADFI (Association of African...
Banks have begun easing out their stance on credit to the private sector following declining interest rates. The Bank of Ghana’s latest Banking sector report reveals that the credit allocation by...
The Lower Pra Rural Bank has increased its total deposit from GH¢56 million in 2015 to GH¢64 million in 2016 representing an increase of 14.3 per cent. The total assets of the bank also increased...
The Chartered Institute of Bankers (CIB) is urging the Central Bank to consider a tiered recapitalization policy that will enable smaller-sized banks meet the eagerly awaited increment in the...
Central Banks use monetary policy rates as the benchmark for charging interest on loans and advances to commercial banks. Whenever a commercial bank has a temporary shortage of funds it usually...
Nigeria’s troubled economy will record tremendous improvement by the third quarter of the year, the Central Bank of Nigeria (CBN), has predicted. The Director of Banking Supervision of CBN, Mr...
Commerz Ladies, an association of the female staff of Commerz Savings and Loans, has been launched to empower corporate female executives and support the vulnerable in the society. Commerz Savings...
The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak...
The interest charged by banks and other lending financial institutions on loans and advances to individuals and corporate clients, has consistently declined over the past five months. According to...
Mr Rockson Dogbegah, the chair of the Association of Ghana Industries (AGI) Construction Sector has lauded the establishment of Construction Bank Ghana Limited, describing it as timely and strategic....
