Tag Archives: Ghana Banks News

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 …

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 …

The year-on-year inflation rate rose to 10.4 per cent in December compared to 9.8 per cent the previous month, the Ghana Statistical Service said on Wednesday. The rate is 0.6 percentage point higher than the rate for November 2020. The month-on-month inflation between November and December 2020 was 0.9 per …

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 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 …

The National Insurance Commission has extended the deadline for the recapitalization of insurance companies from June 2021 to January 2022. The extension of the deadline is as a result of the economic impact of the COVID-19 pandemic which has affected all businesses around the world and in the country. The …

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 …

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, …

Fidelity Bank Ghana, a leading Ghanaian bank, has partnered with SWIFT, the global provider of secure financial messaging services to adopt Global Payments Innovation (gpi) service, making cross-border payments faster and easier for customers. The industry-first initiative will enable real-time tracking of cross border payments by Fidelity Bank customers as …