Finance and economic experts argued that Ghana could take advantage of its service industry to boost the economy. Time has proven that that ambition is far-fetched. The service industry in Ghana – from the hospital, hospitality, educational institutions through legal services to banking services – is self-satisfaction of the staff rather than the customers who […] The post
The first two months of 2024 have brought with them a decent level of activity in the domestic corporate bond market, with two notable issuances by Kasapreko, the indigenous beverage manufacturer, and Letshego, a financial services provider. Data from the Ghana Stock Exchange (GSE) show that the former has successfully raised GH¢103.75million through a senior […] The post Kasapreko,
With over 50 years of experience in responsible financial services, Brac, has launched the Brac Ghana Savings and Loans Ltd, (BGSL) to promote financial inclusion and economic empowerment particularly for women in Ghana’s rural and hard to reach areas. This marks their sixth microfinance institution in Africa. In his opening address, the CEO of Brac, […] The post Brac
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The 2022 cohort of the Graduate Trainee Programme of Stanbic Bank Ghana has donated 10 Computers and other learning materials to the Lume-Avete Basic School in the Akatsi South District of the Volta Region. Morris Effah, the Graduate Trainee lead, said the team was inspired by a viral video depicting a teacher conducting an ICT […] The post Stanbic
The summary of macroeconomic and financial data released by the Bank of Ghana (BoG) in January 2024 highlighted performance of the Ghanaian economy in key sectors. The summary shed significant light on real sector indicators; interest rates; price developments; external sector developments; prices for commodities; and monetary indicators. Others included relevant information on the fiscal […] The post
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…Delving into the cross-border Fintech landscape In the ever-evolving landscape of financial technology, Onafriq is at the forefront, championing the vision of a borderless world for financial transactions. This ambitious goal aims to simplify cross-border payments, making them as effortless as local calls. In the heart of this revolution is Ghana, where Onafriq is implementing […] The post
Access Bank Ghana Plc has opened a new branch at the Bright International Industrial hub in Afienya, bringing banking services closer to customers in the industrial hub and its environs. This is in pursuance of the bank’s strategic objective of enhancing customer experience and satisfaction for the over-100 medium to large scale companies and Chinese-related […] The post Access
Fidelity Bank Ghana, the country’s largest privately-owned bank, concluded the festive season with a heartwarming display of generosity through its Employee Volunteering Programme (EVP). Under this programme, over 300 staff members engaged in impactful nationwide Corporate Social Responsibility (CSR) initiatives; combining time, financial resources and personal involvement to uplift lives of the less fortunate. In […] The post
The Second Lady of Ghana and Global Ambassador for the United Nations’ Clean Cooking Alliance, Hajia Mrs. Samira Bawumia, and the Administrator of the United States Environmental Protection Agency (US-EPA), Administrator Michael Regan have embarked on a significant tour of Jamestown, a suburb of Accra, focusing on cooking methods and the sources of fuel used […] The post Clean
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
UBA Ghana reaffirms its unwavering commitment to excellence in customer service for the year 2024 and beyond, positioning itself as a leader in the banking and financial service industry. Deputy Managing Director at UBA Ghana, Uzoechina Molokwu emphasized the bank’s dedication to prioritizing customer satisfaction and delivering outstanding banking solutions and services. Customer-centricity and product […] The post UBA
Over the years, deliberate efforts have been made by experts to navigate the waves of transformation in the banking industry to facilitate the identification of emerging trends; improve understanding and appreciation of these trends to advance service delivery and corporate performance; and enhance competitiveness and accelerated growth of the banking industry; while contributing meaningfully to […] The post
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FBNBank ended the year 2023 on an exciting note, spreading goodwill to its communities through several activities, including a donation to the Lifeline for Childhood Cancer Ghana Foundation and the Nana Saka Nkansah School Complex. These initiatives reflected the bank’s commitment to community engagement, spreading joy during the holiday season and contributing to the well-being […] The post FBNBank
Ghana, a nation facing its worst economic challenges, recently received a much-needed cushion in the form of a US$3 billion bailout approved by the International Monetary Fund (IMF). This financial support has appeared to be a critical help for Ghana’s struggling economy, particularly in the face of the shocks brought by the COVID-19 pandemic. This […] The post
Standard Chartered Wealth Management Chief Investment Office (CIO) has released its Outlook 2024 report, outlining its investment strategy for the year ahead. The US and other major economies are likely to witness sharply slower growth and sliding inflation in 2024. Equity and bond markets are expected to start 2024 positively, supported by hopes of a […] The post Sailing with the wind
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