With the Covid-19 pandemic raging on, the Bank of Ghana says banks in Ghana face heightened credit risk as depicted in rising non-performing loan ratios and this is of great concern to banks, supervisors, and macroeconomic policy makers. “What is more, the full extent of banks’ credit risk cannot be assessed with any high degree …
The Bank of Africa Ghana Limited (BOA), has received the topmost institutional award for outstanding contribution to women empowerment in the financial sector, at the Women in Finance and Investment Summit (WIFIS) & Awards 2021. The distinguished honour is in recognition of BOA’s strategic value of diversity and inclusion of women across its business, which …
The Bank of Ghana (BoG) is poised to ensuring that the financial sector is clean from money laundering and financial terrorism in the country. And to ensure the effectiveness of this, Rural and Community Banks (RCBs) as well as Microfinance Institutions (MFIs) have been advised to comply with existing laws and regulations governing the banking …
Standard Chartered Bank Ghana PLC has once again bagged the prestigious Digital Bank of the Year award while its groundbreaking banking platform, SC Mobile, was named the Mobile Banking App of the Year at the 2021 Ghana Information Technology & Telecom Awards (GITTA). These accolades were extended to Standard Chartered during the 11th GITTA Awards …
Executive Director of the Association of Rural Banks, Ghana, Comfort Owusu, has urged shareholders of rural banks to see the regulator’s directive to suspend payment of dividend as a good measure to sustain their investments and keep their banks in business. According to her, the decision to suspend dividend payment is not the making of …
Atwima Kwanwoma Rural Bank Limited at Pakyi No2 in the Amansie Central District of Ashanti Region has recorded a remarkable operational performance in the 2020 year under review. Directors of the Bank never allowed the odds of the pandemic to cripple their responsibility to innovate and formulate practicable policies to ensure that the bank maintains …
Ghana is working towards offering its Central Bank Digital Currency (CBDC) to citizens without an Internet connection. The Bank of Ghana has revealed that the bank is working on a pilot to test the viability of offline payments as it seeks to target the wider populace in line with its stated objective of intensifying financial …
…………as such businesses need long-term funds Chief Executive Officer of UMB Bank, Nana Dwemoh Benneh, has said the short-term nature of banks’ lending means that they cannot be first point of call for start-ups, rather, new businesses need to first find patient capital during their formative years after which they can then access support from …
The Bank of Ghana (BoG) has warned the public against doing business with a fraudulent money doubling scheme operating in Ghana under the pseudo name “Worldremit”. According to the central bank, this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of international fund transfers. A statement released by …
The Economic Community of West African States (ECOWAS) is scheduled to organise a seminar aimed at promoting peace and democratic elections in the sub-region. The seminar is being organised by the ECOWAS Parliament with the theme, “TwoDecades of Democratic Elections in ECOWAS Member States: Achievements, Challenges and the way Forward” will be held from 12th -15th October …