The average interest offered by banks on customer deposits increased by 1 percent between March and April 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report...
Bank of Baroda emerged as the best place to secure credit according to the latest Average Interest and Annual Percentage Rate APR released by Bank of Ghana (BoG). The report assessed the actual rates...
CEOs of some banks have cautioned the Central Bank to be circumspect in the implementation of the soon-to-be-announced increase in the minimum capital requirements. According to them, it will be...
The Trump administration does not support a return to the Depression-era rule requiring a separation of retail and investment banking, Treasury Secretary Steven Mnuchin said Thursday. It would be "a...
Capital Bank’s V12 Campaign is gathering momentum days after its launch as customers and prospective customers throng to Capital Bank to make enquiries and to make deposits. The campaign which...
Ebrahim Raisi, the leading rival to President Hassan Rouhani in Friday's presidential election, is a hardline judge with close ties to the supreme leader who spent years in powerful backroom...
The Ghanaian banking system is growing at a fast pace with the number of commercial banks increasing each year. Most savings and loans and microfinance institutions are working very hard around the...
Banks could be facing further liquidity challenges as government delays in settling the BDCs debt, Philip Owiredu, Executive Director at CAL Bank, has said. Following a directive from the Central...
Vice-President Dr Mahamudu Bawumia has hinted that the government is working to bring down the cost of mortgage and lending, as it is too high for people to afford. He said the country’s economy...
The Bank of Ghana (BoG) is engaging directors of ASN Financial Services Limited, a licensed Finance House, to find an amicable solution to the troubled indigenous institution. The company, which...
Indigenous bank, Capital Bank has launched a campaign dubbed, “V12” aimed at giving customers superior value. It is to also to consolidate the bank’s position as the best retail bank and the...
Tarnished banking giant Wells Fargo said Thursday it will cut an additional $2 billion in costs each year as it aims to restore its reputation following a fake bank accounts scandal. The leader in...
An Accra Circuit Court on Wednesday sentenced Mark Brown, a Real Estate Developer, to 36 months imprisonment in hard labour for defrauding by false pretence. Mark, issued a United Bank for Africa...
HFC Bank has opened two cash collection points at the Tamale Teaching Hospital (TTH) premises from which customers can access 24 hours banking services. This is to make it easy for non-subscribers to...
Aggressive recapitalisation, which could force mergers and acquisitions, should not be forced on banks, Felix Nyarko-Pong, Managing Director of uniBank, has said. Instead, he argues, financial...
The launch of the ‘TSF Card’ by The Seed Funds (TSF) Savings and Loans Company has been welcomed by the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS)as a positive development...
Details emerging from the Bank of Ghana (BoG), reveal the negotiated resignation of Dr. Abdul-Nashiru Issahaku, as Governor, three years ahead of his four-year mandate caused the taxpayer GH¢3,204...
The Ghana Airports Company Limited (GACL) has refuted reports that Engineers and Planners Company Limited owned by Ibrahim Mahama is indebted to it. In a letter sighted by myjoyonline.com dated May...
Dr. Kobby Mensah, marketing lecturer at the University of Ghana Business School says Parliament should consider the setting up of a financial Ombudsman with the legal powers to mediate between...
Savings consists of the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income he earns in a given period of time, according to Keynesian...
