The Bank of Ghana has cautioned the general public to desist from dealing with unapproved Money Transfer Organisations (MTOs). In a statement, the BoG said a number of these MTOs operating within the remittance and the Ghana Forex Market were without approval from it. These organisations include “LEMFI, WISE, TRANSFER …
Read More »Redefining the Intersection of Art and Finance in Africa
In the world of banking, the mention of art might seem out of place. Yet, Absa Bank is defying this notion, thanks to its more than three decades of association with the esteemed L’Atelier pan-African Art competition. For 37 years, the Absa L’Atelier has been one of Africa’s most prestigious …
Read More »World Bank Managing Director for Operations pays courtesy call on Finance Minister
The Minister for Finance, Ken Ofori-Atta has called on the World Bank to be more responsive to the global crises to avert the erosion of gains made in economic growth, poverty reduction, and human development and also increase concessional financing. “We expect the WBG Evolution process to result in increased …
Read More »‘It’s a worry to us’ – BoG governor on hoarding of dollars
The governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed concern over the practice of individuals keeping large volumes of foreign currencies in their homes. Asked whether the BoG was worried over a report that the immediate past Minister of Sanitation and Water Resources Madam Cecilia Dapaah …
Read More »BoG assures of policy solvency despite DDEP-induced difficulties
The Bank of Ghana (BoG) has said it remains steadfast in its commitment to policy solvency – focusing on managing inflation and ensuring financial stability – despite challenges posed by the Domestic Debt Exchange Programme (DDEP). Director of Research-BoG, Dr. Philip Abradu-Otoo, made the assurance while insisting that there is …
Read More »Standard Chartered posts strong income growth in 2022, affirms commitment to Ghana
Standard Chartered Bank Ghana PLC has reiterated its ongoing commitment to Ghana, while supporting its clients in the market to achieve their ambitions. At its 53rd Annual General meeting to present the Annual Report and Financial Statements for the year ended 31 December 2022 to its shareholders, the bank highlighted …
Read More »Absa Bank Ghana revolutionizes vehicle financing in Africa
Absa Bank’s commitment to real sector growth in Ghana and Africa is really living up to the game. From steadfast support to SMEs and strategic partnerships with organizations like the Mastercard Foundation to the recent launch of its SME Loan @10% product, the bank continuously proves its responsiveness to clients’ …
Read More »‘GCB Bank poised to support Ghanaian businesses for sustained national development’- GCB MD
Managing Director of GCB Bank PLC, Mr. Kofi Adomakoh, has re-iterated his outfit’s commitment to the provision of relevant support to Ghanaian businesses for sustained socio-economic growth. According to him, the Bank is seeking to demonstrate its resilience by supporting Ghanaian businesses to explore beyond the shores of Ghana or …
Read More »Izwe Ghana donates medical equipment to Yabi CHPS compound
Izwe Savings and Loans has donated medical equipment to the Yabi Community-based Health Planning and Services (CHPS) compound at Atwima Kwanwoma district of the Ashanti region. This forms part of the company’s 10th-anniversary corporate social responsibility initiatives, for which Izwe set out to improve healthcare and educational edifices in the communities …
Read More »Prudential Bank pays first dividend in 8 years
For the first time in eight years, Prudential Bank has paid dividends to its shareholders. With the approval of the Bank of Ghana, 0.01698 per share was paid to the shareholders. The Chairperson of the Board, Mrs Muriel Susan Edusei, thanked her colleague board members, management and staff for their …
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