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 […] The post Many
By Ebenezer Chike Adjei NJOKU ([email protected]) 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 […] The post
Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a Delhi, India-bound passenger, Freeman Charles Ogbonna, at the screening point of terminal 2 of the Murtala Muhammed International Airport (MMIA) Ikeja Lagos for ingesting 80 wraps of cocaine. Ogbonna was arrested on Sunday, March 31, 2024, while attempting to board his flight to […] The post India-bound
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 […] The post Many
The Concerned Drivers Association of Ghana and the Transport Operators of Ghana have jointly announced an increase in transport fares, effective Saturday, April 13, 2024, in response to the recent surge in petroleum prices. In a statement issued on Monday, April 8, 2024, they outlined the following adjustments: a 15% increase for short-distance or intracity […] The post Two
Hearts of Oak endured another setback in the Ghana Premier League as they succumbed to a defeat against Bibiani Goldstars at the Accra Sports Stadium on Sunday evening, marking their second consecutive loss. Following their previous defeat against league leaders FC Samartex, Hearts of Oak aimed to rebound, but Goldstars proved to be a formidable […] The post Hearts of Oak record
Former Black Stars coach Charles Akonnor has emphasised the need for patience in supporting newly appointed Ghana national football team coach, Otto Addo. The Borussia Dortmund trainer was appointed to replace veteran manager Chris Hughton as Ghana aim to restore its glorious moments. Acknowledging the team’s challenges following a disappointing performance at the 2023 Africa […] The post Akonnor
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 […] The post Fidelity
Former Black Stars coach Charles Akonnor has expressed his support for the appointment of Otto Addo as the new head coach of the Ghana national football team. The post Akonnor confident Otto Addo will succeed as Black Stars coach first appeared on 3News.
Kofi Appianin Ennin The Obuasi West Constituency in the Ashanti Region will see a fierce battle as the countdown to the polls on December 7 gets underway, with the Read More... The post Independent Candidate Pops Up In Obuasi West appeared first on
By Kestér Kenn KLOMEGÂH Russia has now started calling for combined strategic partnership and international efforts to drastically address the complexities of rising insecurity and adopting a multilateral military force for countering terrorism in Africa, particularly in Burkina Faso, Mali and Niger. An official statement from the Russian Foreign Ministry called for finding common solutions […] The post
A private businessman in Obuasi, Mr Kofi Appianin Ennin, has declared his intention to contest the Obuasi West Constituency parliamentary seat as an Independent Candidate, in the upcoming general elections in December 2024. Mr Kwaku Kwarteng, the incumbent MP and Madam Faustilove Appiah Kannin, have filed to contest the seat as New Patriotic Party (NPP) […] The post Appianin
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 […] The post Zenith
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 […] The post Editorial:
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 […] The post Banking
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 […] The post Powering
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. […] The post
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 […] The post Investing
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 […] The post
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
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