The Managing Director of the Ghana Stock Exchange (GSE), Ekow Afedzie, has retired from the local bourse after 31 years of dedicated service. His retirement was disclosed during the company’s 32nd Annual General Meeting held in Accra. Mr. Ekow Afedzie was appointed as the Managing Director of the Exchange on January 1, 2020. …
Read More »BoG to shut down licensed forex bureaus flouting forex exchange laws
The Bank of Ghana intends to close down licensed forex bureaus flouting the laws governing foreign exchange operations in the country. This forms part of efforts to clamp down on illegal practices causing the free fall of the cedi. The local currency has crossed the GH¢10 to US$1 mark on …
Read More »GCB issues statement over fire outbreak at its Kisseiman branch
The GCB Bank has issued a statement on a fire outbreak recorded at its Kisseiman branch on Wednesday. Although the company says the fire was contained by fire service personnel, with no casualty recorded, it, however, urged its customers in the area to access banking services in its branches at …
Read More »Ghana Card to be the only accepted ID for all financial transactions from July – BoG
The Bank of Ghana (BoG) has served notice to all licenced financial institutions and the general public that effective July 1, 2022, the Ghana Card shall be the only identification card accepted for any form of banking or financial transactions in the country. According to a statement from the central …
Read More »1st Deputy BoG Governor, Maxwell Opoku-Afari’s speech at launch of cyber security awareness month [Full text]
Minister for Communications & Digitalisation Minister for Energy Selected Members of Parliament Former Ministers of State The US Ambassador, The Director-General of the National Communications Authority Ag. Director-General of the Cyber Security Authority CEOs from the Critical information Infrastructure Sectors including from the Telcos & Banks Members of the National …
Read More »Common currency is key enabler for growth of AfCFTA – Bank of Africa MD
The Managing Director of the Bank of Africa, Kobby Andah, has said the implementation of a common currency and digitalizing trade will go a long way to make the African Continental Free Trade Area (AfCFTA) a success. Speaking at the 5th Ghana International Trade and Finance Conference under the theme, …
Read More »GCB opens new branch at Tema Community 25
GCB Bank Limited (GCB) has opened a new branch in the Community 25 of Tema Metropolitan Area of the Greater Accra Region. The new branch is located within the Tema Community 25 Shopping Mall and will offer banking services to customers and residents in the area. This is in response …
Read More »Fidelity Bank Ghana wins Bancassurance leader of the year award
Fidelity Bank Ghana has been adjudged the Bancassurance Leader of the Year at the recently held Ghana Insurance Awards in Accra for its outstanding leadership in delivering exceptional bancassurance products and services to its customers and stakeholders. The Ghana Insurance Awards is a platform that honours top-class performance, professionalism, and …
Read More »Fidelity Bank launches banking academy
Fidelity Bank Ghana has launched the Fidelity Banking Academy, a new capacity-building programme to provide regular, holistic training and competency upskilling for staff of Fidelity Bank. The initiative, that is being implemented in partnership with the Chartered Institute of Bankers Ghana will elevate standards in the Ghanaian banking industry with …
Read More »BoG partners Giesecke+Devrient to pilot general-purpose digital currency in Ghana
The Bank of Ghana has join forces with Giesecke+Devrient (G+D) to pilot a general-purpose Central Bank Digital Currency (retail CBDC) in Ghana. G+D is providing the technology and developing the solution adapted to Ghana’s requirements, which will be tested in a trial phase with banks, payment service providers, merchants, consumers …
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