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 […] The post OmniBSIC
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 […] The post
“Banking is transforming. What a bank will be in 2030 is going to be significantly different from what a bank has been for the past few hundred years.” …Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth Quickening the Pace of Digital Banking Last week we examined some critical training needs that financial institutions can help bridge […] The post
Mohammed Amin Adam In a press briefing held on Saturday, Finance Minister Mohammed Amin Adam assured Ghanaians that the government is committed to not burdening citizens with more taxes. Read More... The post Government Assures Ghanaians Of No New Taxes appeared
Member of Parliament (MP) Rockson-Nelson Dafeamekpor has accused Attorney-General (A-G) Godfred Dame of abusing his discretionary powers in the case that is seeking to come to President Nana Addo Dankwa Akufo-Addo to receive the anti-lgbtqi bill. This was after the A-G, on Tuesday, April 9, prayed for the High Court to adjourn to April 18 […] The post Dafeamekpor
South Dayi Member of Parliament Rockson-Nelson Dafeamekpor has called for a total audit of the IT system at the Electoral Commission (EC). To him, the commission’s inability to account for lost BVDs & Laptops is Criminal. His comment comes after the National Chairman of his party Johnson Asioedu Nketiah also raised concerns about the EC’s […] The post We
South Dayi Member of Parliament Rockson-Nelson Dafeamekpor who has filed a case in court to compel the president to sign the anti-gay bill, has told the Vice President Dr Mahamud Bawumia to sign the bill if President Akufo-Addo travels and he acts as the President of Ghana. This, he said, will determine whether or not […] The post Sign the anti-gay bill if Akufo-Addo travels –
The Ghana Football Association (GFA) has set guidelines for the 2023/24 Colts (Juvenile) league season. Kurt E. S. Okraku, President of the Association and Chairman of the National Juvenile Committee, unveiled this initiative aimed at enhancing grassroots football nationwide on March 28, 2024. Colts clubs nationwide will designate representatives for complimentary first aid training sessions […] The post GFA
An Accra High Court has granted Member of Parliament (MP) Rockson-Nelson Dafeamekpor’s expedited hearing motion application that is seeking to compel President Nana Addo Dankwa Akufo-Addo to accept and assent to or otherwise, the Human Rights and Family Values Bill 2024. The South Dayi lawmaker maintained that the case has “important constitutional considerations and must […] The post Anti-LGBTQ
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […] The post Dumsor:
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
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
Pelumi Nubi, the content creator who embarked on a solo road trip from London to Lagos, has arrived in Nigeria to a heroic welcome. Pelumi was received at the Nigeria-Benin Republic border on behalf of Lagos State Government by the Hon Commissioner of Tourism, Arts and Culture, Mrs Toke Benson-Awoyinka and the Special Adviser, Tourism, Arts and […] The post London-Lagos solo driver
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
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
In order to facilitate vessel clearance at the country’s ports, the maritime single window programme is to be rolled out soon. The digital platform will incorporate the activities of shipping lines and regulatory agencies and enable them share information so far as the clearance of vessels at the port is concerned. It is in line […] The post Editorial:
Aggrieved Customers of the defunct Gold Coast Fund Management have issued an ultimatum to government to release members’ locked up funds. They have given the government up to June 30, 2024 to respond to their concerns. Over 50,000 of customers have their investments locked up following the revocation of the company’s licence by the Securities […] The post Aggrieved
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
The Ghana Police Service has disclosed that through an intelligence-led operation and investigation, it has arrested Six (6) persons including Four (4) Juveniles who are all Students of Presbyterian Boys Senior High School (PRESEC), Legon, Accra for staging a kidnapping incident. The two (2) adults among the six (6) are Isaac Kissi Adjei alias Kofi […] The post Police arrest
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