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Ken Ofori Atta

Ghana Deposit Protection Scheme to commence in December

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Mr Ken Ofori-Atta, Financial Minister has said the completion of reform exercise within the Banks and specialized deposit-taking institutions (SDIs) in August has...
Integrity Discussion

Banks urged to support Ghana’s Oil Sector Growth

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Mr Osei Gyasi, the Head of Banking Supervision of the Bank of Ghana, has urged banks to meaningfully support growth of the oil sector...
Mr Moses Anim

Anim reiterates the need for land banks

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Mr Moses Anim, Second Deputy Majority Chief Whip is calling for the protection of Ghana’s agrarian lands against mortgaging for estate development. He made a...
Access Bank Lashibi Branch

Leading Kenyan Banks Looks at Ethiopia and Somali Markets

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Kenyan largest banks have overcome a controlled interest rate environment to make billions of shillings in profits for the third year in a row...
Card

Most Banks in Ghana have Moved onto EMV Card Standards

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Banks that issue domestic cards have made some progress in converting them from magnetic stripes to Europay, MasterCard, Visa (EMV), the global standard for...
housing

Group of Local Banks Mobilises US$51 Million for a Housing Project

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A consortium of local banks has raised 51 million dollars towards the completion of the 200,000 Social Housing Units in Koforidua, Tamale and Ho,...
Bank of Ghana

BoG Commended for Banks Recapitalisation

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Nana Appiagyei Dankawoso I, the President of the Ghana Chamber of Commerce and Industry, has commended the Bank of Ghana (BOG) for taking steps...
Bank of Ghana

BoG Withdraws The Licenses of Two More Banks

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Ghana's central bank announced here late Friday the revocation of the operating licenses of two more banks, Premium Bank and Heritage Bank. Announcing the decision,...
banks

Kenyan interbank rate falls on banks’ reduced liquidity pressure

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The Kenyan interbank rate eased this week as trading slowed down due to reduced pressure for liquidity by banks. The weighted average interbank rate eased...
Bank of Ghana

Descend on Banks to Reduce Lending Rates – CEBRE Tells BoG

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The Centre for Economic and Business Research (CEBRE), has called on Bank of Ghana as a matter of urgency to swiftly advise all financial...
SWIFT gpi

SWIFT gpi Would Make African Banks More Competitive

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The new standard for cross-border payments dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking 15 African banks...
banks

Ghanaian Banks asked to observe good corporate governance practices

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Banks have been asked to adhere strictly to their good corporate governance practices in order to avert their collapse. They have also been asked to...
SA stocks

JSE closes lower, pulled down by banks, retail stocks

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The Johannesburg Stock Exchange (JSE) closed lower on Tuesday as rand hedges benefited from the weaker rand, with banks and retailers on the back...
Banks

Banks recapitalization needs collective efforts by stakeholders

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A financial analyst and credit consultant, Emmanuel Akrong has stated that, growing Non Performing Loans (NPLs), inappropriate asset quality classification, lack of back-testing collateral...
cyber_attack_text

Banks To Soon Publicise Their Specific Cyber Security Policies – BoG

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In a speech read on his behalf at the opening of the digital banking and cyber security summit organized by the Standard Chartered Bank...
banking

Ghana gov’t urged to engage banks in rural development programmes

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Mr. Stephen K. Bedu, General Manager of the Akyempim rural bank in the central region has said the country`s rural development programmes cannot achieve...
SMEs

SMEs Charged To Aim At Expansion

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A day’s workshop on micro business has been held in Accra with a charge on small business owners to aim at growing from their...

SERAP demands the scrapping of banks directives

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Socio-Economic Rights and Accountability Project (SERAP) has urged the President of the Senate Dr Bukola Saraki and Speaker of the House of Representatives Mr...
Centre for CSR West Africa

Top Local Businesses and Companies Gear Up for 7th CSR Excellence Awards

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Top telecommunications companies, fast-moving commodity goods manufacturers, industrialists, banks, engineering and construction companies, consultancies, airlines, hoteliers, local and international businesses in Ghana are ready...
banks

More banks preparing to meet new minimum capital requirement

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The banking industry in Ghana in soon see a more robust and well capitalised to help strengthen the economy of the country. This is...
Adu Anane Antwi, Director-General, Securities and Exchange Commission

Banks merger in Ghana may suffer setbacks – Anane-Antwi

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In the wake of banks considering various options of how to raise its minimum capital as required by the regulator of the industry, the...
Isaac-Okoroafor

CBN to severely punish banks hoarding forex

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The Central Bank of Nigeria (CBN) Friday said it is reviewing ways to toughen sanctions against financial institutions in the country that hoards foreign...
Bank of Ghana

Banks prepare to meet minimum recapitalization

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Ghanaian banks are preparing to meet the newly announced minimum capital requirement as required by the Bank of Ghana (BoG). The banks are expected...
Patience Jonathan

Reps order banks to unfreeze Patience Jonathan’s bank accounts

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The House of Representatives ordered six commercial banks to unblock the accounts of former first lady, Patience Jonathan. The Committee on Public Petitions chaired by...
Banks

Kenya’s banks record declined profitability in 2017

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Kenya's listed banks recorded a 13.8-percent decline in core Earnings Per Share (EPS) growth for the first six months of 2017, compared to 15.5...
Banks

How Solid Are Our Ghanaian Banks?

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Asks Lloyd Evans There is no doubt that the banking industry plays a very formidable role in any economy and for it to thrive, it...
Bank of Ghana

Bank of Ghana raises minimum capital requirement for banks by 233.3 percent

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Commercial banks in Ghana are required to increase their minimum capital by 233.3 percent to 400 million Ghana cedis (90.19 million U.S. dollars), the...
banks

Royal Bank speaks against uniform capitalisation of all banks

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Despite his outfit being sufficiently capitalized, the Managing Director of The Royal Bank, Osei Asafo-Adjei, calling on the Bank of Ghana not to force...
Bank

RCBs urged to find ways to minimize operational losses

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Rural and Community Banks (RCBs) have been urged to take deliberate steps to create the right control environment to minimize operational losses. Mr....
Banks

Psychologists express worry over troubled banks handling

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The Ghana Psychological Association (GPA) has expressed concerns over the revocation of banking licenses of UT/Capital Banks by the Bank of Ghana. The Ghana News...