Can Banks Survive Mobile Money Threat?
The Chief Executive Officer of Dream Oval, Mr Derry Dean Dadzie, has said the mobile money operations pose as a threat to banking sector. He said if not checked, the growth of mobile money could...
Tag: money
Oil Price Shocks To Stifle Long-Term Economic Dev’t
The Executive Director of the Africa Centre for Energy Policy (ACEP), Dr Mohammed Amin Adam, has said the failure of African countries to effectively manage the effects of oil price volatility can...
Eurobonds Have Come To Stay – Terkper
Finance Minister, Seth Terkper, has stated that the decision to raise capital through the issuance of international bonds, otherwise known as Eurobond, has become a mainstay in Ghana’s borrowing...
German Tourist Stabbed At Coco Beach
A German tourist, Heike Stille, is in a state of shock after being repeatedly stabbed in the arm and neck by an unknown assailant at the Coco Beach in Accra on Sunday. Her attacker, she claimed,...
Economic Challenges Hit Life Insurers
Life insurance companies in the country are now faced with significant challenges in selling insurance policies to consumers as pressure in the economy forces people to cut down on their...
Restructuring of VRA Legacy Debts On Course
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on the books of some local banks is on course. The process would show a reduction of...
Help Grow Insurance Industry
The newly sworn in President of the Ghana Insurers Association, Mrs Aretha Abena Abrafi Duku has observed that for the industry to register continued growth, it would require that various...
Prudential Bank Launches New Product
Prudential Bank has introduced another innovative e-banking product known as ‘mobiWise’ which seeks to help customers experience a seamless integration of their bank account with the mobile money...
Moody’s Rating Shows We’re Doing Something Right – Mahama
President John Mahama has stated that the recent upgrade from negative to stable by International rating firm, Moody’s is an indication that his government is “doing something right.”...
Terkper Chases Ghanaians Abroad For ‘Diaspora Bond’
Government’s desire to borrow more funds continues to grow as the Ministry of Finance targets Ghanaians in the diaspora to raise bonds from them. In recent times, government’s decision to borrow...
UK Visas & Immigration Launches A New Visa Application Centre In Mombasa
On Monday 19 September 2016, UK Visas and Immigration’s global commercial partner for UK visa services, TLScontact, will open a Visa Application Centre (VAC) in Mombasa. This is a new centre, in...
Payments East Africa 2016 On 27-28 September, Radisson Blu Hotel, Nairobi, Kenya
Banks and telcoms worldwide are rethinking their current business models and sources of revenue in light of Fintech competitors and revolutionary technology. East Africa is a hub for such innovations...
What The African Banking Market Can (And Should) Learn From Europe
CHALLENGE: According to a 2015 KPMG report, banking penetration is as low as 36% in some of the larger African economies. SOLUTION: Digital Transformation can drive adoption of banking services by...
Minimum Capital Requirement For Banks To Hit GHC500m From 2017
The minimum capital requirement for commercial banks in the country could be increased to Gh¢500 million from next year. This is what JOY BUSINESS has picked up from persons close to reviewing the...
Favourable Creditworthiness Due To Prudent Economic Management
Finance Minister Seth Terkper says the favorable assessment of Ghana's creditworthiness by some rating agencies shows that government is on track in stabilizing the economy. Rating Agencies, Moody's...
Housing Finance Can Be Cheaper – Banker
Long-term funds could drastically reduce the cost of mortgages, Head of Commercial Banking at Stanbic Bank, Abdul-Jaleel Hussein, has said, urging his peers in the banking industry to innovate in...
BoG To Give Banks Time In Meeting Recapitalization
The Bank of Ghana(BoG) has disclosed that it will give commercial banks some space to meet a new capital reserve ratio that will be announced soon. According to the central bank, it is currently...
Pressure Mounts On BoG To Cut Rates
Ghana’s headline inflation is likely to slow further downwards raising prospects of a series of interest rate cuts as the government moves to spur growth. The country’s headline inflation rose to...
Why Ghana Gov’t Needs To Rethink Too Many Eurobond Issues
Why Ghana gov't needs to rethink too many Eurobond issues Introduction There are several advantages that Eurobond brings to the issuing country. The main advantage is to increase the liquidity and...
IMF Decides Ghana’s Fate Under ECF Tomorrow
CitiBusinessNews.com can confirm the board of the International Monetary Fund (IMF) will meet tomorrow, September 28, 2016 to finalize on whether or not to approve the third tranche of funding for...