…An overview of the Deposit Protection Act The role of a Central Bank in supervising the operations of all deposit-taking institutions cannot be overstated. As the apex financial institution, it is incumbent on every Central Bank to ensure that all deposit-taking institutions operate within the fine lines of the law to avoid any wanton dissipation […] The post #MoneyReport2023:
Ghana’s financial sector in recent times have witnessed a narrative marked by challenges and shifts in market dynamics. Despite significant reforms in the fund management industry and a sweeping overhaul of the banking sector within the past five years, the assumption that the industry’s turbulent times were behind us has been tested in recent months. […] The post
Ghana’s financial sector in recent times have witnessed a narrative marked by challenges and shifts in market dynamics. Despite significant reforms in the fund management industry and a sweeping overhaul of the banking sector within the past five years, the assumption that the industry’s turbulent times were behind us has been tested in recent months. […] The post
Prudential financial data released by most of the universal banks in the country during the first quarter (Q1) of 2023 affirmed a strong, robust and scintillating performance of the industry, in spite of the challenges during the last quarter (Q4) of the preceding year which were occasioned largely by government’s debt restructuring programme – specifically […] The post
Amenfiman Rural Bank Plc is head quartered at Wassa Akropong in the Amenfi East Municipality in the Western Region of Ghana. The bank is the first to be established in the Western Region and fourth in Ghana and is now the No.1 Rural Bank in Ghana. Amenfiman Bank has been consistent in ensuring progressive growth […] The post #MoneyReport2023:
Money habits are actions related to your personal finances developed over time with respect to your handling of money matters and economic well-being, performed regularly to the point where it becomes so repetitive that you do without thinking. Creating the right money habit, however, is not a quick fix. It will take time, but eventually, […] The post
– Empowering Kayayei’s from the Streets to Success Opportunity International Savings and Loans (OISL) is a leading Savings and Loans company licensed by the Bank of Ghana in June 2004. The institution on 4 th August 2023, once again graduated and celebrated 35 young women in its flagship program of providing vocational skills that seek […] The post 7th
The appreciation for sound integrated financial advice, wealth, and legacy planning has been a common discipline that has helped many high-net worth individuals to build and retain their wealth throughout their life. The Executive Director at First National Bank, Sylvia Inkoom explained that wealth accumulation often manifests over time as part of a diverse and […] The post
As global markets continue to evolve and find ways of recovering from the general economic downturn, people are increasingly looking toward countries like Ghana for promising real estate investment opportunities. That’s according to Kojo Addo-Kufuor, Executive Head of Home Loans Business at First National Bank Ghana. He adds that in the last five years there […] The post
Banks being specialized enterprises are not distinct from any business form except for their roles as financial intermediaries. Underlying their unique functions, and behind their secured bricks and mortar infrastructures, banks operate as strategic enterprises navigating the same principles that underpin businesses across all industries. They share a common essence with other businesses – the […] The post
In an ever-evolving global landscape, the resilience of a nation’s financial sector stands as a testament to its adaptability and fortitude. As economic challenges ripple across industries and economies, the stability of a nation’s banking, finance, and payment systems takes centre stage. Amidst this backdrop, Ghana’s financial sector emerges as a beacon of resilience, a […] The post
In less than a decade, the global financial sector has witnessed a remarkable transformation accelerated by emerging technological advances, ushering in a new era of financial service offerings than previously offered. The results – new financial innovations and business models – have become existential threats to long-held traditional banking practices. One such innovation seeking to […] The post
In an exclusive interview with the B&FT’s Ebenezer Chike Adjei Njoku, Ismaël Cissé, the CEO of Sirius Capital, an investment bank and management intermediary company in Cote d’Ivoire, delves into the intricate landscape of financial and business developments across the African sub-region. With a deep-rooted commitment to impact finance and the pursuit of innovative avenues […] The post
Greetings, dear readers! Today, let’s embark on a journey to uncover the contrasting facets of Ghana’s renowned hospitality – the welcoming smiles, the warm embraces, and the genuine spirit of communal support that reverberates through the nation. However, amid this picturesque façade lies a disheartening truth that merits reflection: the shocking state of customer care […] The post
I welcome you all to another epistle from your Savings and Investment Tutor. Investing in different asset classes is a fundamental strategy for diversifying one’s portfolio, spreading risk and potentially increasing returns. While Treasury bills, stocks, bonds and real estate are commonly known investment avenues, forex trading offers another opportunity to expand your investment portfolio. […] The post
This article on wealth creation as the 4th Horizon for Ghana’s Growth is intended to seed a review of the options Ghana has to create an economic transformation and interrogate some ideas for the recovery, development and transformation of Ghana’s economy. A transformation that moves finance, people and jobs in selected sectors from low to […] The post
…A path to resilience Business leaders must navigate market uncertainties with agility and foresight in today’s rapidly changing business landscape. To effectively handle these challenges, building transformation capability within organizations is not just an option; it has become a necessity. In this opinion piece, we will explore the concept of transformation capability, its importance, and […] The post
In an insightful conversation between the B&FT’s Joshua Worlasi Amlanu and Ebenezer Chike Adjei Njoku and the Chief Executive Officer (CEO) of the Ghana Association of Banks (GAB), John Awuah, the state of the Ghanaian banking industry takes center stage. The dialogue delves into the transformative journey of the industry before and after the implementation […] The post
Young pupils who have so far taken part in FBNBank’s Junior Internship Programme have expressed their excitement about the programme, full of praise and grateful for the eye-opening experience. The Junior internship Programme was introduced to help mentor and guide young pupils in their future career development and choices. The programme which started in July […] The post
Over the last century, Savings and Loans (S&L) institutions have been the backbone of the massive growth and economic development witnessed in the United States’ economy. Indeed, at the beginning of the 19th century, banking was still something only practised by those who had assets or wealth that needed safekeeping. The first savings bank in […] The post
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