SIC Financial Services Limited (SIC-FSL) one of the shareholders of ADB has denied having pledged its shares in ADB to uniBank in fulfillment of an earlier financial commitment. A source within the...
The Bank of Ghana (BoG) has dismissed the purported takeover of the Agricultural Development Bank (ADB) by another local bank, Unibank Ghana Limited. “Just to clarify… the Central Bank has not...
The Ghana Stock Exchange has suspended the trading of Agricultural Development Bank (ADB) shares on the Ghana Stock Exchange effective March 7, 2017. A statement from the Ghana Stock Exchange...
Shareholders of the Agricultural Development Bank have pledged over 51% shares to Unibank for 600 million Ghana Cedis. A consortium of financial institutions which comprises Starmount Development...
The Bank of Ghana (BoG) has refuted reports that majority of commercial banks in the country are owned by foreigners. Some industry players have raised concerns about the directive by BoG to...
uniBank Ghana Limited has expressed displeasure at a recent press release from Korle Bu Teaching Hospital (KBTH) regarding a contract to render onsite banking services at Ghana’s foremost health...
The Public Relations Unit of Korle Bu the Teaching Hospital has given a detailed account with regards to the brouhaha surrounding the facility’s decision to terminate a revenue collection contract...
Kekeli Eni, an 11-year-old pupil of Roman Ridge School in Accra, has donated his over 2-year savings of ¢453.20 to Citi FM’s COPE (Citi Opportunity Project on Education) initiative. Kekeli, who...
Some residents who reside at the Community 22 annex, Washington, New York, Zenu, BBC and its environs within the Kpone Katamanso District Assembly have threatened to embark on a massive demonstration...
The Electoral Commission may soon have a lawsuit on its hand if its embattled Director of Finance, Dr. Joseph Kwaku Asamoah, is not reinstated following the directive proceed on leave following the...
The Ghana Community Network Services Limited (GCNet) has told Citi Business News it will from next month , pilot its systems aimed at achieving a paperless transaction at the ports. The General...
A GN Research analysis of Bank of Ghana’s (BoG) annual percentage rates (apr) and average interest (ai) have shown that 74% of banks in the country failed to match the 300 basis point reduction in...
Bank of America reported higher second-quarter earnings Tuesday, thanks to a boost in total loans and the benefit of increased interest rates. Net income for the period ending June 30 was $4.9...
Three British former foreign exchange traders for major banks have surrendered to US authorities to face criminal charges of market manipulation, the Justice Department announced Monday. The men were...
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...
Citi Business News can confirm that the board of indigenous bank, uniBank has appointed Dr. Kwabena Duffour II as its new Managing Director. A letter cited by Citi Business News signed by the...
New York state bank regulators fined BNP Paribas $350 million for "illegal, unsafe and unsound" currency trading practices that included use of secret hand signals to dupe customers, officials...
The country's most avid indigenous banking service providers’ uniBank Ghana Limited has supported the National Disaster Management Organisation (NADMO) with items estimated at GHc500, 000.00 The...
A five-man delegation led by the Managing Director of Guaranty Trust Bank (Ghana) Limited, Mr. Lekan Sanusi, on Thursday, May 11, 2017 paid a courtesy call on the new Governor of Bank of Ghana (BoG),...
World Bank President, Jim Yong Kim has warned that developing countries including Ghana stand the risk of losing credibility if they keep competing with the private sector in developing businesses...
