banking
Are US Banks Regaining Their Appetite For Acquisitions?
News that JPMorgan Chase considered bidding for British payment company Worldpay signals that big US banks could be...
Access Bank Rewards Over 500 Customers In *901# Campaign
As part of efforts to encourage customers to utilize its latest mobile banking service, *901#, Access Bank Ghana is...
GN Mobile Money Hits Market
Bank of Ghana (BoG) has given authorisation to GN Bank to introduce mobile money to the public. The BoG authorisation...
Heritage Bank Opens 1st Kumasi Branch In Suame
Indigenous Ghana Bank, Heritage Bank Limited, has taken its expansion drive beyond the Greater Accra Region, by opening...
Stanbic Fetes Customers
Stanbic Bank has thrilled over one hundred International Private Banking customers at an exclusive event at Movenpick...
The Slow-Motion Killer In the Banking System
There are growing concerns that the rising non-performing loan (NPLs) on the books of some banks in Ghana threatens...
Why Commercial Banks’ Minimum Lending Rates Do Not Drop At the Same Pace As BoG’s MPR Cut
The Bank of Ghana’s Monetary Policy Rate (MPR) has been lowered by 350 basis points from 26% in January to 22.5%....
Tighten Security On Money Laundering
Bank of Ghana (BoG) has warned financial institutions in the country to tighten their security system to check money...
‘Falling Interest Rates Good For Financial Inclusion’
The steady interest rate decline in recent months, with a corresponding reduction in lending rates, augurs well for...
NIB Holds Project Finance Workshop In Accra
The National Investment Bank (NIB) has hosted a five (5) day workshop on Financial Modeling for Project Finance in...
Banks’ Loans To Private Sector Increase By 45% In April – BoG Report
Banks have begun easing out their stance on credit to the private sector following declining interest rates. The Bank...
Lower Pra Rural Bank Limited Make More Gains
The Lower Pra Rural Bank has increased its total deposit from GH¢56 million in 2015 to GH¢64 million in 2016...
No Bank Must Be Left Behind In Recapitalization Policy
The Chartered Institute of Bankers (CIB) is urging the Central Bank to consider a tiered recapitalization policy that...
Effect of Policy Rate Cut By BoG On Banking Industry
Central Banks use monetary policy rates as the benchmark for charging interest on loans and advances to commercial...
Bank of Nigeria Predicts Massive Growth In 3rd Quarter
Nigeria’s troubled economy will record tremendous improvement by the third quarter of the year, the Central Bank of...
Commerz Ladies Introduced To Empower Ghanaian Women
Commerz Ladies, an association of the female staff of Commerz Savings and Loans, has been launched to empower corporate...
US Fed Raises Key Interest Rate To 1.0-1.25%, Signals One More Hike
The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled...
Interest On Loans Continue To Decline
The interest charged by banks and other lending financial institutions on loans and advances to individuals and...
AGI Construction Sector Applauds Establishment of Construction Bank
Mr Rockson Dogbegah, the chair of the Association of Ghana Industries (AGI) Construction Sector has lauded the...