The Nkoranman Rural Bank at Seikwa in the Tain district of Bono Region has posted satisfactory gains in its performance indicators to consolidate year-on-year-on growth. Amid the myriad of operational challenges that stemmed from the troubled macroeconomic environment, largely because of the coronavirus pandemic and the financial sector clean-up by the regulators, the bank remained …
Month: July 2021
The Services Sector maintained its dominance as the leading job-providing sector in the economy, accounting for 83.1% of total job adverts recorded in the first quarter of 2021, data from the Bank of Ghana has indicated. This compares with a share of 83.2% recorded during the same period of 2020. Industry followed with a share …
Businesses must reduce their reliance on banks for funding and consider other sources of finance to support their operations, Paul Ababio, Deputy Director-General in Charge of Finance at the Securities and Exchange Commission, has observed. Speaking to Business24 in an interview, he said there are other avenues whereby especially small and medium enterprises can raise …
Watchdog for fund managers in the country, the Securities and Exchange Commission (SEC), has extended letters of invitation to 101 directors from 34 defunct firms to aid the Commission in ascertaining the roles played by these persons in the sub-par running of their respective firms, and proffer punitive measures where necessary. This was disclosed by …
The Bank of Ghana (BoG) says financial institutions must, within 24 hours of receiving a complaint from a customer regarding the capture of a payment card by an Automated Teller Machine (ATM), take steps to identify the cardholder and further work expeditiously to return the card to the customer. The central bank, in a directive …
The Ghana cedi ended the first half of this year with a marginal depreciation of 0.04% to the US dollar. This was triggered by an uptick in demand over the second quarter which overturned the impressive appreciation in the first quarter of this year. But the Bank of Ghana’s policy interventions, particularly the Forex Forward …