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Zeepay begins talks with BoG over forex licence issue

Zeepay Ghana Limited has initiated discussions with the Bank of Ghana to resolve the suspension of its forex license. Last week, the Central Bank says it has temporarily suspended the forex licence of Zeepay Ghana for failing to use the average interbank exchange rate published by the Ghana Association of …

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BoG fines and suspends forex license of Zeepay Ghana

The Bank of Ghana has fined Zeepay Ghana Limited for failing to use the average interbank exchange rate published by the Ghana Association of Banks and the Bank of Ghana for the conversion of settlement funds into the local currency. This development was captured in a statement issued by the …

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Transforming the SME landscape in Ghana – Absa Bank Ghana

Absa Bank has set out to undo the most critical issue facing traders and small businesses in Ghana today – access to finance. There is no doubt about it; SMEs contribute over 80% to the country’s GDP growth. These businesses are the bedrock of economic stimulation, advancement and stability. Ghana’s history and its performance …

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Amanano Rural Bank overturned losses into profit – Board Chair

The Amanano Rural Bank PLC has recorded a gross profit of GHC842,127.00 in 2022, marking the first positive turn of fortune in over five years. This is a significant improvement from the trajectory of a loss of GHC1,941,434.00 recorded in 2021. This announcement was made at its 35th Annual General …

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Fidelity Bank is fully committed to driving agribusiness in Ghana – Nana Esi Idun-Arkhurst

Fidelity Bank Ghana, the country’s largest privately-owned bank, has reaffirmed its unwavering dedication to the agricultural sector at the presidential breakfast meeting on agriculture and agribusiness financing in Ghana. This profound commitment was shared by Nana Esi Idun-Arkhurst, Divisional Director, Retail and Business Banking at Fidelity Bank, who highlighted the …

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