BoG Moves To the Rescue of Banks
All banks in the country have been directed by the Bank of Ghana (BoG) to strictly comply with recommendations from a recent Asset Quality Review (AQR) exercise conducted by the Bank. The findings...
Tag: Financial services
UBA Ghana Nominated For Best Retail Bank In Africa Award
United Bank for Africa (UBA) Ghana Limited, a subsidiary of the UBA Plc, which is one of Africa's leading financial institutions, has been nominated for the 'Best Retail Bank in Africa' Award 2017 by...
HSBC First-Quarter Pre-Tax Profit Falls 19%
HSBC said on Thursday that pre-tax profit fell 19 percent to US$4.96 billion in the first three months of the year. The bank said the drop in reported profit was down to a change in the accounting of...
Australia’s NAB Swings Back Into Net Profit
National Australia Bank posted a 2.3 percent rise in interim cash earnings Thursday and swung back into net profit after offloading loss-making British banking operations. The lender's cash profit in...
National Financial Inclusion Strategy In the Offing
The government is to launch in June, this year, a national financial inclusion strategy aimed at making financial services accessible to all Ghanaians, a Deputy Minister of Finance, Ms Abena Osei...
Banker Advocates US$200m Capital For Banks
Frank Adu Jnr, Managing Director of CAL Bank, has proposed an increment in the current minimum capital requirement for universal banks from GH¢120million to US$200million, to create larger banks...
New Minimum Capital For Banks Pegged At GHc200-260m
Commercial banks in Ghana would have to increase their minimum capital for operation to at least 200 million cedis. This follows the revision of the minimum capital requirement by the Bank of Ghana....
BoG Limits CEOs Tenure To 15 Years
The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new...
You Can’t Be CEO For More Than 15 Yrs
The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new...
Bank of Ghana To Cap CEOs Tenure
The Bank of Ghana (BoG) is to implement a new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The...
Bank of Ghana Puts 15-Year Limit On Bank CEOs
The Bank of Ghana (BoG) is to implement new corporate governance guidelines for the banking sector next month, as it seeks to ensure that proper corporate governance practices are entrenched. The new...
Mortgage Rates Seen Falling
More workers are expected to qualify for mortgages to buy homes, as the local currency stabilises and Treasury Bills (T-Bills) rate show a downward trend. The Managing Director of HFC Bank, Robert Le...
Banks To Merge Over Projected GHC260m Capital Review – Zenith Bank MD
The Bank of Ghana’s decision to peg the new minimum capital requirement for commercial banks at an estimated 260 million cedis should culminate in mergers and deepen the financial sector. This is...
Banks To Merge Over Projected GHc260m Capital Review – Zenith Bank MD
The Bank of Ghana’s decision to peg the new minimum capital requirement for commercial banks at an estimated 260 million cedis should culminate in mergers and deepen the financial sector. This is...
Trump Is Considering New Glass-Steagall-Style Bank Rules
President Donald Trump on Monday said he is considering breaking up big Wall Street banks, by splitting their consumer business from their investment operations. "I'm looking at that right now," he...
Remain Steadfast As We Work To Make Ghana A Country Beyond Aid
The ruling New Patriotic Party (NPP) has called on citizens to remain steadfast and work for Ghana beyond aid. This was contained in a statement issued by the party in commemoration of the May Day...
IMF Spring Meetings 2017
A clear theme running through the meetings was the need to protect the growth momentum The world’s economic leaders and stakeholders came together at the 2017 IMF and World Bank Spring Meetings...
Remain Steadfast and Work For Ghana – NPP To Workers
Government has called on all workers to remain resolute in their work to boost growth and development in the country. A statement signed by the party’s Acting General Secretary; John Boadu...
Akufo-Addo’s Economic Transformation On Track – NPP
The ruling New Patriotic Party (NPP) is optimistic workers in both the formal and informal sectors will begin to reap the dividends of the Akufo-Addo government as the local currency grows “in...
Banking Population To Increase To 75% By 2020
The Ministry of Finance has set a target to increase the country’s banked population from 58% to 75 % by the year 2020. In line with the target, the ministry will in June this year launch a...