This article highlights a serious problem that can be summed up as follows: not all business people and entrepreneurs who come into Africa as investors are prepared to ‘play fair’. As a result, any country that seeks to attract Direct Foreign Investments (DFI), and this includes Ghana, must ensure that they have effective policies in …
GCB Bank has for the second time been adjudged the Most Compliant Focused Bank in Africa at the just ended Africa Compliance Professional awards (ACCPA) in Luanda, Angola. The award was organized by the Association of Certified Compliance Professionals in Africa (ACCPA). The awards climax a two day conference for Compliance Professionals in Africa under …
The Africa Export and Import Bank (Afreximbank) has begun its Anglophone roadshow from Ghana with an interest in creating a partnership to finance the government’s industrialization program. The bank believes the government’s vision to transform the economy through internal trading can be funded through partnerships. According to the Africa Export Import, EXIM Bank, the economies …
Inflation declined marginally to 9.8 per cent as at the end of September 2018, compared to the 9.9 per cent recorded in August the same year. This represents a drop of 0.1 percentage points. Inflation, which is determined by the Consumer Price Index (CPI) measures the change over time in the general price level of …
Microfinance companies in Ghana have been advised to consider merging or risk being collapsed. The Bank of Ghana has raised the minimum capital requirement for financial institutions operating in the country. With regards to microfinance institutions, each of the over 300 institutions are supposed to raise GHc2 million before the end of 2018 or risk …
Management of Bosomtwe Rural Bank has increased its dividend payment by 42.33 per cent from 663,715.68 Ghana in 2016 to 944,695.64 Ghana cedis as of last year. This means for a share price of ten pesewas, a shareholder gets 4 pesewas on it which is 40 per cent return to the shareholder in the face …
The rural and community banks have a key role in making a positive contribution toward reduction of poverty. They also act as one of the key channels to distribute funds to businesses in their localities and encourage the spread of sound entrepreneurial activity. It is believed that rural and community banks (RCBs) can play a …
The Managing Director of ARB Apex Bank, the regulator for the sector, Kojo Mattah has hinted of plans to list some of these banks on the Ghana Alternative Exchange (GAX). Speaking to JoyBusiness, he said the Apex bank was in talks with the Securities and Exchange Commission and other allied agencies to list some of …
The Bank of Ghana has consolidated 5 banks into what it calls the Consolidated Bank Ghana limited. The banks are Beige Bank, Construction Bank, Royal Bank, uniBank and Sovereign Bank. This means that the banks are merged. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, some of the banks obtained their …
The Bank of Ghana has stated that Fintechs will come under its regulations in the near future to ensure credibility and stability in the financial sector and avoid systematic risks on cyber security and data issues. Representing the Central Bank at Citi Business Festival’s Fintech Summit hosted by the Citinewsroom, Setor Amediku said based on …