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1-10 results from 1000 for query «banking»

April 5, 2018 5:35 AM Deposits still major source of funds for banks – BoG report

Customer deposits still remain a major source of revenue for commercial banks. As a result, commercial banks also bear greater responsibility to their customers in earning interests on such deposits. The latest banking sector report by the Bank of Ghana shows that deposits accounted for 62.5 percent of the banking industry’s assets as at December 2017. According 1206

March 25, 2018 7:07 PM Ghana’s debt hits GH¢142.5bn, reaches 69.8% of GDP

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 69.8 percent of GDP. This means that the debt stock has almost hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned 146

March 25, 2018 5:15 PM Ghana’s debt now GH¢142bn; reaches dreaded 70% to GDP

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion cedis as at December 2017, representing 70 percent of GDP. This means that the debt stock has hit the dreaded 70 percent of GDP, a point the International Monetary Fund (IMF) has constantly cautioned against 128

March 23, 2018 10:30 AM PEG Africa supports three rural communities in Volta Region

Three underprivileged communities in the Nkwanta South and Krachi East and West Districts of the Volta Region have benefited from PEG Africa’s lighting systems project. The communities Alokpatsa, Tokpo and Amewoyi are off the national grid, and this is negatively affecting the socio-economic livelihood of the people. The project which benefited the communities’ 281

March 21, 2018 12:02 PM Nine other banks could collapse if… – Banking Consultant

A credit consultant, Emmanuel Akrong has predicted that nine of the over 30 banks in Ghana could collapse if nothing is done immediately to save them. Although he failed to name the ailing financial institutions, he said those banks have serious asset quality challenges which have affected their capital strengths and may force them into insolvency along 99

March 21, 2018 6:00 AM Groupe Ndoum to help rural banks meet BoG capital requirements

Multinational Family Holding Business, Groupe Ndoum has promised to bail out rural banks that are unable to meet the Bank of Ghana’s minimum capital requirement of GHc 1 million cedis. The Chief Executive Officer (CEO) of Gold Coast Fund Management, Kwame Asumaning gave the assurance at the Northern Ghana sector Rural Banks Seminar in Tamale. “GN Bank is ready 110

March 12, 2018 2:52 PM Stay focused on your dreams – Dr. Nana Kweku Nduom

Vice President and Head of Business Development at Groupe Nduom, Dr. Nana Kweku Nduom, has advised young entrepreneurs to stay focused on their dreams. The doctor of business and finance was interacting with students and lecturers of Datalink University College, Tema. He urged the students never to give up on their dreams but be resilient in persevering 94

March 7, 2018 11:57 AM Unibank moves to control majority interest in adb

Unibank has confirmed to Citi News that it has gone into a transaction with four major shareholders of Agricultural Development Bank (adb) that has effectively given majority control of the state bank. It says the move follows the pledging of shares and voting rights of the consortium of shareholders in adb Bank. But speaking on the Citi Breakfast Show on Wednesday 118

February 14, 2018 6:38 PM Fair Wages considers halting yearly base pay rises

The Fair Wages and Salaries Commission has disclosed to Citi Business News plans to halt the yearly review of the base salary of public sector workers on the Single Spine Salary Structure (SSSS). The CEO of the Commission, Dr. Edward Kwapong, said the decision should give value for money and link productivity with pay. Being in existence for about eight 125

December 22, 2017 4:05 PM BanqMoni launches fast mobile-to-bank transfer service

For the first time in Ghana, mobile phone users can directly transfer funds from their mobile devices into their bank accounts without physically visiting the banking hall. This service, known as BanqMoni, is an insurance-backed, aggregated platform in partnership with GT Bank, which enables anyone to deposit money into any bank account within Ghana 103