Headlines
Prosper Ogum gets green light from Otumfuo to continue after crisis meeting at Manhyia
Coach Prosper Nartey Ogum has been given the green light to continue his job as the coach of Asante Kotoko after a meeting with the Otumfuo Osei Tutu II at Manhyia this afternoon. The crisis meeting gathering which took place at the Manhyia palace on Tuesday, April 18, had the players, the technical team, and […]
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Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Banking & Finance
Fidelity Bank reaffirms commitment to empowering women-owned businesses
Fidelity Bank, Ghana’s largest privately-owned bank, reaffirmed its commitment to empowering women entrepreneurs during the Women in Business Dialogue Series hosted by the Business and Financial Times. Nana Esi Idun-Arkhurst, Divisional Director, Retail & Business Banking at Fidelity Bank, delivered impactful insights at the event, emphasizing the importance of cultivating investor-ready businesses and Fidelity’s commitment […]
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Banking and Finance
Many banks may soon struggle due to over-subscription of govt bonds – Report
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […]
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Banking & Finance
CalBank launches GH¢600m rights issue
By Ebenezer Chike Adjei NJOKU (ebenezer.njoku@thebftonline.com) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move will offer existing shareholders […]
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Banking and Finance
Many banks may struggle due to BoG’s new Cash Reserve Ratio – Report
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […]
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General
Koforidua: Residents urge GWL to improve water supply
Residents of Koforidua, the capital of the Eastern Region in Ghana, are demanding urgent action from the management of the Ghana Water Limited (GWL) to address the ongoing water rationing crisis that has persisted for four years. The residents are also requesting an increase in water production to meet the growing demand. Since 2020, GWCL […]
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Banking & Finance
Fidelity Bank’s commitment to gender equality recognised
Fidelity Bank Ghana has been recognised by Ianmatsun Global Services at a ceremony held at the Kempinski Gold Coast Hotel for its steadfast commitment to gender equality. The bank secured a coveted spot among the top 50 employers for gender equality in Ghana and achieving the prestigious distinction of Gender Equality Champion within the banking […]
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Columnist
The public debt crisis (1): Lessons for the present and the future
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […]
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Editors Pick
FIFA Rankings: Ghana drops to 68th globally, 14th in Africa
Ghana has suffered a significant drop in the FIFA World Rankings following their recent games during the March international break. The Black Stars, led by Otto Addo, suffered a 2-1 loss against the 2023 Africa Cup of Nations (AFCON) runners-up Nigeria and a 2-2 draw with Uganda’s Cranes during the March International break. Ghana, who […]
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Banking & Finance
Zenith Bank spotlights opportunities for women in business
At the maiden edition of the Women in Business Dialogue series organised by the Business and Financial Times and held in Accra, the Sector Head, SME & Retail Banking at Zenith Bank, Gloria Cabutey-Adodoadji, urged businesswomen to leverage on the golden opportunities of the African Continental Free Trade Area (AfCFTA) agreement to expand their reach […]
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Banking & Finance
Editorial: CRR directive expected to mop up US$1.2 bn from banks
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […]
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Opinion
Banking on the future: The power of sustainable finance [Article]
Sustainable finance, in its simplest form, is a way of managing money that takes care of our planet while achieving our business objectives. It’s about making smart financial decisions that positively impact the environment and society, not just today but for posterity. For banks, sustainable finance means supporting projects and businesses that promote the sustainability […]
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Banking & Finance
Powering fintech innovation through APIs
By Kwami AHIABENU ll Innovations thrive at the speed of interactive communication. Previously, most FinTech services were positioned in various silos; this is based on historical antecedents of banking where various banking services were intentionally built to be independent for several good reasons, including security concerns. Change took place, and systems began to talk to […]
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Banking & Finance
Absa Bank hosts seminar on risk management solutions for business banking clients
In a recent initiative to bolster economic resilience, Absa Bank Ghana has organized a seminar for its Business Banking clients focused on understanding and managing market risks effectively. The event, themed ‘Anticipate and Effectively Manage Market Risk’, aimed to provide insight into the current macroeconomic climate, highlighting potential market risks and outlining risk management solutions. […]
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Banking & Finance
Investing in women: Our journey towards a more equitable society
By Mansa NETTEY The third month of every year, March has become a canvas on which the pertinent issues of women empowerment and inclusion are laid bare and deliberated upon. There’s a flurry of initiatives aimed at investing in women and inspiring inclusion whiles the achievements of those who have accomplished impressive feats are heralded […]
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Banking & Finance
Ghana International Bank launches 65th anniversary celebration
The Ghana International Bank (GHIB), a wholly Ghanaian-born bank incorporated in the United Kingdom, has launched its 65th anniversary celebration at the Kempinski Hotel, Gold Coast City, in Accra. Speaking at the launch, Chief Executive Officer of the Ghana International Bank, Dean Adansi, emphasised the importance of learning from the 65 years of the bank’s […]
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