Recent Posts

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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Fidelity Bank delivers impressive Third Quarter performance

Fidelity Bank Ghana Ltd, the largest privately-owned Ghanaian bank, has once again showcased its commitment to excellence by delivering an impressive and robust financial performance in the third quarter of 2023. This achievement underscores the bank’s resilience in the face of recent sector challenges, positioning it as a driving force …

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Access Bank Ghana wins SME friendly bank of the year

Access Bank Ghana has been named the SME-Friendly Bank of the Year at the prestigious 2023 BRANDCOM Awards, a testament to the bank’s unwavering commitment to supporting and empowering small and medium-sized enterprises (SMEs) across Ghana. This award recognizes Access Bank Ghana’s exceptional dedication to providing SMEs with access to …

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BoG releases list of unapproved money transfer organisations

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 …

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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 …

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