Nigerian banks plan to restructure over a third of loans after running into repayment problems due to the coronavirus pandemic, a member of the central bank monetary policy committee said.
A total of 17 banks have submitted requests to restructure over 32,000 loans for businesses and individuals, representing 33% of...
GH¢5bn in total circulation, up from GH¢20.5bn in 2018
GH¢276m, GH¢149m worth of GH¢200 and GH¢100 notes in circulation
GH¢50 note is highest in system at GH¢9bn
A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of...
Prudential Bank has donated Personal Protective Equipments (PPEs) to the Ghana Immigration Service (GIS) in Accra as part of efforts to help the fight against the COVID-19(Corona virus) pandemic in the country.
The PPEs worth thirty thousand GHC30, 000 included 10,000 pieces of gloves, 2,000 surgical masks and 20 gallons...
Despite inflation surging to double digits in April as a result of a spike in demand for food and other essentials in anticipation of the lockdown announcement, Databank Research says there is hope that the rate will come down due to government’s subsidy on utilities.
In late March and April,...
As part of efforts to protect frontline health workers in the fight against the coronavirus pandemic in the country, Kaaseman Rural Bank Limited at Sefwi-Kaase in the Bia East District of the Western-North Region, has presented personal protective equipment (PPE) and sanitary items to ten health facilities across its...
The global economy will be shaped in the years ahead by three trends. The relationship between markets and the state will be rebalanced, in favor of the latter. This will be accompanied by a rebalancing between hyper-globalization and national autonomy, also in favor of the latter. And our ambitions...
First National Bank Ghana has launched ASPIRE (Accelerated Support for Pandemic Intervention and Relief Effort) to assist the government and its stakeholders in mitigating the impact of the COVID-19 pandemic.
ASPIRE is a rapid response fund to address the critical and immediate health care needs in Ghana. Richard Hudson, CEO...
Expected credit losses
Keeping employees safe
Cybersecurity issues, etc.
Banks should brace for substantial credit losses, increased cybersecurity challenges and increased cost in keeping employees safe as the novel coronavirus (COVID-19) continues to wreak havoc on all sectors of the economy, a report by PricewaterhouseCoopers (PwC) has said.
The report,...
The Bosomtwe Rural Bank Limited at Kuntanase in the Bosomtwe district of Ashanti Region has
presented Personal Protective Equipment, PPE and disinfectants to four institutions in its operational territories.
The beneficiary institutions include Kuntanase District Hospital, Bosomtwe District Police Command, Asokwa Police Divisional Command and Suame Police Divisional Command.
The donated items...
The Amantin and Kasei Community Bank Limited, headquartered at Amantin in the Bono East Region, has supported the national fight against spread of coronavirus in the country by donating assorted items to deprived health facilities in its catchment area.
The items donated by the bank are ten Veronica buckets, ten...