Banks are still waiting on the Central bank to offer specific guidelines on the measures introduced - including reduction in interest rates and reserve requirements to combat impacts of the Coronavirus pandemic, since being without timelines and durations makes planning difficult.
Despite their introduction in March, 2020 - with banks...
It is such a pity that modern Ghanaian society has become so polarized that freelance writers and especially those who choose to write on banking related issues have to be extremely careful in what they write, when, and even how to write, lest they are branded as belonging to...
The Agricultural Development Bank (ADB) has posted impressive financial growth in its half-year results, even in the face of the Coronavirus pandemic that has wreaked havoc on all sectors of the economy, including the financial sector.
The unaudited half-year results published by the Bank last week showed growth in all...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally.
At the AGM to present the...
For most financial institutions globally, 2020 Financial Year (FY2020) is likely to be described as a year of abysmal performance, an outlier which caste malignant spell on important financial indicators, especially liquidity and profitability. Unavoidably, Microfinance Institutions (MFIs) are spared by this imminent spell. This is because; MFIs predominantly...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally.
At the AGM to present the...
United Bank for Africa (UBA) Ghana Limited has introduced a flexible loan product designed to give easy access to credit to all government workers.
UBA Ghana’s Chief Executive Officer and Managing Director, Olalekan Balogun, acknowledged the challenging economic situation due to COVID-19 and noted there is the need to stimulate...
Bank of Ghana (BoG) data shows that the while coronavirus pandemic has severely bruised the country’s economy, leading to losses in most sectors, other sectors have started showing recovery even as early as the month of May 2020.
The data reveals cement sales and port activities have improved significantly in...
Finance Minister Ken Ofori-Atta is scheduled to present the 2020 Mid-Year budget on 23rd July, 2020 in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921. The 2020 budget is themed ‘Consolidating the Gains for Growth, Jobs and Prosperity for all’, with the...
According to the definition of Internal Auditing in the IIA's International Professional Practices Framework (IPPF), internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. Internal auditor helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve...