News

Banks play a pivotal role in the success of every economy but in economies such as Ghana’s, it is particularly banks that understand and prioritize Micro, Small, and Medium-scale Enterprises (MSMEs) that will be the champions of all time. Through their tactful patience and tailored approaches to SME financing, such …

FBNBank Ghana has announced that it has received PCI DSS certification version 3.2.1. from the Payment Card Industry Standards Security Council (“PCI SSC”) affirming the high level of security around its cards. The PCI DSS, which means Payment Card Industry Data Security Standard, is an information security standard for organizations …

The Registrar General, Jemima Oware, is set to have a meeting with customers of some six defunct fund management companies tomorrow, March 11, 2021. The meeting which is the first for this year will be held virtually. Dubbed Virtual First Creditors meeting, the session will be from 9:00 am to …

Absa Group has announced the appointment of Mrs Frances Adu –Mante as Board Chair of Absa Bank Ghana after securing the necessary regulatory approvals. Mrs Adu-Mante, who has served on the Board since September, 2017 succeeds Mr. Charles Alexander Cofie, who completed his tenure as Board Chairman on Thursday, 31 …

Mr Kenneth Thompson, Chief Executive Officer, Dalex Finance Limited, on Wednesday said Ghana stands to face grave economic challenges in 2021, if government does not adopt the right economic recovery strategy. He said the Ghanaian economy was in recession after two consecutive quarters of negative Gross Domestic Product growth, adding …

The Securities and Exchange Commission (SEC) has cautioned the general public against investing their monies in Chy Century Heng Yue Group Limited and Sairui E-Commerce Ghana Limited. A statement from the SEC said the two firms have not been licensed in Ghana to undertake any capital market activity. “The General …

The pioneer and leader in agency banking, Fidelity Bank Ghana, rewarded its best performing agents in an awards ceremony in Accra, themed “The relevance of Agency Banking in a Pandemic (COVID-19)”. The bank also used this important occasion to announce the introduction of an insurance scheme for all of its …

The Social Security and National Insurance Trust (SSNIT), in accordance with Section 80 of the National Pensions Act 2008 (Act 766), on Thursday said the indexed monthly pensions have been increased upwards by 10 per cent 2021. SSNIT working in consultation with the National Pensions Regulatory Authority (NPRA) said all …

President Nana Akufo-Addo says within four years, his government has been able to turn around the ailing Ghanaian economy he inherited for good. He said this when he delivered his final State of the Nation address in Parliament on Tuesday, January 5, 2021. This is the last State of the …

The ARB Apex Bank has called on its shareholders, staff and boards of rural and community banks to work hard to put the banks on a stable footing. It has also urged rural and community banks to increase their shareholding and encourage the public to purchase shares from them. The …