GN Life Pays Claims To Trader
GN Life Assurance Company, a member of Groupe Nduom, has paid an insurance claim to a customer who lost her mother at the Kumasi Central Market prior to the burial. An elated Madam Josephine...
Tag: Financial services
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 will enable smaller-sized banks meet the eagerly awaited increment in the...
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 banks. Whenever a commercial bank has a temporary shortage of funds it usually...
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 Nigeria (CBN), has predicted. The Director of Banking Supervision of CBN, Mr...
AfDB Sanctions $15m Grant To Support SMEs
The Board of Directors of the African Development (AfDB) has approved a US$ 15 million investment in Shore Capital Fund III, a multinational Private Equity Fund that aims to promote financial...
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 female executives and support the vulnerable in the society. Commerz Savings...
Ex-Yahoo Boss Marissa Mayer Insists Yahoo Mail Is ‘excellent’
Fresh off her $23million severance payment from her former employer Yahoo, ex-CEO Marissa Mayer joked on Wednesday that she’s looking forward to using Gmail again - only to backpedal and endorse...
Ex-Yahoo Boss Marissa Mayer Insists Yahoo Mail Is ‘excellent’
Fresh off her $23million severance payment from her former employer Yahoo, ex-CEO Marissa Mayer joked on Wednesday that she’s looking forward to using Gmail again - only to backpedal and endorse...
AfDB Funded Projects To Benefit 20 Million Africans
Information and Communication Technology (ICT) and Transport projects financed by the African Development Bank (AfDB) in 2016 would have a positive impact on the living conditions of close to 20...
Interest On Loans Continue To Decline
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...
Capital Bank Trains Clients On Regulatory Framework
Capital Bank has organised a training programme aimed at building the capacity of over 100 of its trade clients on the regulatory framework governing trade transactions. The event was also used to...
Deutsche Bank To Pay $170 Mn Private Suit Settlement In US
Germany's Deutsche Bank has agreed to pay $170 million to settle a private lawsuit charging it conspired with other major banks to rig a key interest rate, according to a US court filing Monday. The...
Stock Market Growth To Continue To Year-End – Analysts
Stock market analysts are confident that the positive performance of the Ghana Stock Exchange will continue till the end of 2017. After recording negative growth for about two consecutive years, the...
Digital Inclusion Program Launched In Ghana
A Digital for Inclusion (D41) program has been launched in Accra. D41 is a collaborative initiative between Ghana Investment Fund for Electronic Communications (GIFEC), the National Board for Small...
Post Offices To Become E-Service Centres – Ursula
Government has begun moves to convert all post offices in the country into electronic service centres to deepen digital financial inclusion and internet access in the hinterlands. According to...
Gov’t Decision To Retire Legacy Debts To Boost Banking Industry – Bankers
The Chartered Institute of Bankers says the decision by the government to issue new bonds to pay off legacy debts will bring significant relief to the banking industry. Its Chief Executive, Anthony...
US Fed To Raise Rates Despite Sluggish Economic Data
For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition. The recent soft numbers on the...
NPRA Targets 80% Informal Pension Enrollment
The National Pensions Regulatory Authority (NPRA) has disclosed of plans to achieve at least 80 percent subscription by informal sector workers within the short to medium term. The pensions’...
Finance Minister, GRA To Meet Parliament Over VAT Law
The leadership of Parliament is expected to seek further clarifications from officials of the Ghana Revenue Authority(GRA) and the Finance Minister over the implementation of the Value Added...
Minority Angry Over ‘suspension’ of VAT Collection
The Minority has filed a motion in Parliament aimed at stopping the Ghana Revenue Authority (GRA) and the Finance Ministry from suspending advertising the implementation of VAT (Amendment) Act, 2017...