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Banking and Finance

CIB Ghana partners UNC and CSDA to eradicate financial marginalisation

As further evidence of its commitment to eradicating financial marginalisation and exclusion, the Chartered Institute of Bankers (CIB) Ghana has partnered with the University of North Carolina (UNC) School of Social Work and Centre for Social Development in Africa (CSDA) to launch the Financial Capability and Asset Building (FCAB) Africa …

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Finance Ministry engages GPHA on new procurement regulations

The Ministry of Finance has schooled top management of the Ghana Ports and Harbours Authority on the Public-Private Partnership Act and the Public Investment Management Regulations introduced in 2020. It forms part of a nationwide sensitization to provide information to State Owned Enterprises (SOEs) on the rights, guidelines, and due …

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ARB Apex Bank records profit despite ravages of COVID-19

Despite the ravages of COVID-19, the Association of Rural Banks (ARB) Apex Bank Limited, has recorded the highest profit before tax (PBT) of GH₵5.9 million. This is an increase of 482 percent over the previous year, the highest PBT in more than 10 years. The Bank’s total operating income also …

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Right career development key to secure jobs – Absa ReadytoWork Panel

Young people have been advised to be intentional about their growth in making the right career choices. According to experts, young people should consider current and future employment opportunities available when making a career choice. These were some of the key highlights shared by a two-member panel of human resource …

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Sekyere Rural Bank increases profit

The Sekyere Rural Bank at Jamasi in the Sekyere South District, made significant progress by increasing its profit before tax by 28 per cent. Dr. Francis Denteh, Chairman of the Board of Directors, told the shareholders at its 31st meeting at Kronom in the Suame Municipality that despite the challenges …

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We’ve restored sanity in banking sector – President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo

The banking sector has been sanitized following stringent measures put in place by the governing New Patriotic Party, says President Nana Addo Dankwa Akufo-Addo. He made this assertion on Tuesday, January 5, 2021, when he delivered his last State of the Nation Address to the 7th Parliament. President Akufo-Addo said …

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Mponua Rural Bank records GH¢1.56 million profit before tax

Mponua Rural Bank Limited has recorded a profit before tax of GH¢1.56 million for the 2019 financial year. Last year’s growth which represents 8.36 per cent was, however, lower than what was recorded the previous year which growth stood at 14.44 per cent. The drop in profit growth was attributed …

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BoG to unwind countercyclical measures in financial sector – Governor

Dr Ernest Addison, Governor of the Bank of Ghana has hinted of plans to undo all countercyclical measures implemented in the financial sector due to the COVID-19 pandemic to allow for the proper functioning of the system. He has, therefore, charged banks to remain vigilant, upgrade staff capabilities and improve …

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FBNBank unveils quick banking *894# product

FBNBank Ghana, as part of its commitment to empower all who embrace its brand with seamless access to everyday financial services, has unveiled the quick banking *894# product. The product bestows the power to bank anywhere and at any time to customers. According to the bank, it is convenient, easy, …

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