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Tag Archives: Ghana Banks

Fidelity Bank Ghana awards best performing agents

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 …

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We’ve restored sanity in banking sector – President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo

The banking sector has been sanitized following stringent measures put in place by the governing New Patriotic Party, says President Nana Addo Dankwa Akufo-Addo. He made this assertion on Tuesday, January 5, 2021, when he delivered his last State of the Nation Address to the 7th Parliament. President Akufo-Addo said …

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We’ve restored confidence in Ghanaian economy – Akufo-Addo

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 …

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Mponua Rural Bank records GH¢1.56 million profit before tax

Mponua Rural Bank Limited has recorded a profit before tax of GH¢1.56 million for the 2019 financial year. Last year’s growth which represents 8.36 per cent was, however, lower than what was recorded the previous year which growth stood at 14.44 per cent. The drop in profit growth was attributed …

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Afram Community Bank’s profit drops

The Afram Community Bank (ACB) Limited recorded a profit of GH¢330, 348.00 in 2019 as against GH¢664,606.00 in 2018, showing a decrease of 54.35 percent. The bank’s income also reduced from GH¢2,577.207 in 2018 to GH¢2,451,315, representing a decrease of 4.88 per cent in the financial year under review. This …

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CBG MD honoured as ‘Most Respected CEO’

Mr Daniel Wilson Addo, the Managing Director (MD) of Consolidated Bank Ghana (CBG), has been adjudged ‘Most Respected Chief Executive Officer’ (CEO) of state-owned banks at the 2020 Ghana Industry CEOs Awards held in Accra. A statement from CBG, copied to the Ghana News Agency said, the prestigious award scheme …

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Less than two million Ghanaians pay tax

About 1.5 million out of the six million eligible Ghanaian tax payers pay tax, allotting Ghana one of the lowest Tax to Gross Domestic Product (GDP) ratio in Africa. Ghana therefore has a lot to do to meet the Sub-Saharan average target of 17 per cent which is above the …

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BoG to unwind countercyclical measures in financial sector – Governor

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 …

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Ghana’s economy contracts 1.1% in third quarter 2020

Ghana’s economy contracted by 1.1 per cent year-on-year in the third quarter (July to September) of 2020 compared to the same period in 2019 due to the coronavirus pandemic. In the same period of 2019, the growth was 5.6 per cent. Gross Domestic Product (GDP) growth rate without oil and …

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