In the face of ongoing reforms within the regulatory environment of the banking industry, Rural and Community Banks (RCBs) will have to plan toward the looming changes, rural banking expert Mr. Joseph Akossey has advised.
In recent communications regarding the state of the financial sector, the Bank of Ghana (BoG)...
Banks may be going through a lot of stress currently as the central bank tries to sanitise the industry, but Country Senior Partner at PricewaterhouseCoopers (PwC), Vish Ashiagbor, believes all parties stand to benefit at the end of the day.
Not only do banks have to meet the central bank’s...
Amid the troubles currently afflicting Ghana’s banking industry, Ecobank - Ghana’s biggest bank - provides invaluable lessons on prudent financial management for its counterparts. TOMA IMIRHE examines how the bank’s financial performance for 2017 shows how banks in Ghana can maintain financial solidity, improve customer value proposition and keep...
A GSMA Mobile Money Certification will bring about safer, more transparent and more resilient financial services for millions of mobile money users, Nathan Naidoo-Head of Mobile Money, Mobile for Development at the GSMA, has said.
“A key ingredient in the success of mobile money has been trust. The certification will...
As commercial banks race to meet the Bank of Ghana’s December 31, 2018 minimum capital requirement deadline, Zenith Bank has become apparently the first bank in the country to officially meet the GH¢400 million benchmark.
According to the central bank, banks can either move funds from their income surplus or...
Crowd funding is an innovation in entrepreneurial finance that can fuel risk globally. This new form of capital formation emerged in an organized way in the wake of the 2008 financial crisis largely because of the difficulties faced by entrepreneurs and early-stage enterprises in raising funds.
With traditional banks less...
The Ghana Standards Authority (GSA) is confident of implementing a voluntary trade facilitation scheme that will ensure products imported into the Ghanaian market meet the required quality, so that Ghanaians are safeguarded against health/safety hazards.
This move is long overdue, since the liberalised economy that we operate in the country...
In the investment industry, it is seen that investors have the tendency of accumulating investments at the top and selling at the bottom. Many Ghanaian investors buy high when everybody is making so much noise about how good a security is and rather sell when there is a downturn...
This year, around 40 state-owned enterprises have submitted themselves to performance contracts, and this is a marked improvement from the 25 that submitted themselves last year, states Executive Chairman of the State Enterprises Commission, Stephen Asamoah-Boateng.
Mr. Asamoah-Boateng observed that the key performance indicators in the performance contract are to...
World boxing champions, world football champions, record African title winners, Olympic medalists, Commonwealth Games medalists, you name it, at one point in time or the other, Ghanaians held these accolades. In sixty-one years of nationhood, in spite of the political turbulence in a large part of its history, Ghana...