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Kenyan Interbank Rate Drops to 8-year Low

The rate at which Kenyan banks borrow money from each other fell to an eight-year low this week as liquidity surged in the money...
banks

Kenyan interbank rate falls on banks’ reduced liquidity pressure

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...
The Ghana Interbank Payment and Settlement Systems

GhIPSS deploys channels to addresses digital economic agenda

Government’s drive to digitise the economy will be effectively complemented by the various payment initiatives the Ghana Interbank Payment and Settlement Systems (GhIPSS) has...
e-zwich

Ghana’s e-zwich PDS Registers 94 Per Cent Rise

The use of e-zwich to pay salaries and other forms of emoluments christened e-zwich Payment Distribution System, (PDS) saw a 94 percent jump in...

Gov’t asked to enroll public service workers onto e-zwich system

According to GhIPSS, the e-zwich platform will help to prevent double payments and enable government to clear all ghost names on the payroll system....
Rwanda accelerates digital payments by joining the Better Than Cash Alliance

Public urged to use electronic forms of payments

The Christmas season is a commercially vibrant period of the year which usually sees an increase in theft and robbery cases. As the Ghana Police...
The Ghana Interbank Payment and Settlement Systems

GhIPSS educates the public on Direct Credit usage.

This is to ensure that the public experience the benefits associated with the electronic payment system. Direct Credit is an electronic payment system similar to...
Naira

CBN plunges Nigerian economy into recession

Citing tough controls imposed by the CBN to prevent the collapse of the naira, JP Morgan said it would eject Nigeria?s bond listings at...
Central Bank of Nigeria

Interbank Market Stay Frozen in Waiting for Compliance Directive

Central Bank of Nigeria Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with...

GhIPSS makes interbank transfers easier

Ghana Interbank Payment and Settlement Systems (GhIPSS) on Wednesday launched two major payment services the gh-link e-Commerce and the GhIPSS Instant Pay. The gh-link e-Commerce...

Kenya: Tight Liquidity in the Market Pushes Interbank Rate Upwards

Trading in the secondary market remained subdued during Friday?s trading session due to shorter trading hours and tight liquidity In the money market. Bond...

Cedi, SCB shares soar on GSE & Interbank market

On The Ghana Stock Exchange Upward movement in the price of SCB shares was the main driving force for appreciations in returns on the composite...

GhIPSS to Speed Up Transfers

Paying a third party through the banking system will be a lot faster with the planned introduction of an instant payment system this year. This...

GhIPSS to introduce instant payment system in Ghana

Archie Hesse The Ghana Interbank Payment Systems (GhIPSS) will this year introduce the instant payment system to quicken the payment of a third party...
Wpid

GhIPSS To Introduce Instant Interbank Transfers

The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) says it plans to introduce an electronic payment system that will allow seamless instant interbank...

Moves underway for quicker interbank transfers via Internet banking

It should soon be possible for you to sit behind your computer and transfer money from your bank account to a third party in...

Interbank ATM usage records significant growth

Ghana Interbank Payment and Settlement Systems (GhIPSS) has said the customers? use of the ATMs of other banks following the launch of the shared...

Interbank rates ease on budget disbursal

Overnight placement and call money closed at 10.5 percent eachArticle | October 19, 2012 - 5:03pm | By Reuters Interbank lending rates eased by...

Naira weakens on official foreign exchange window

The currency closed at 157.60 to the dollar at the interbank market on WednesdayArticle | October 18, 2012 - 3:17am The naira closed...

Interbank rate falls

N95billion was released into the market this week. | By Eki Toju Interbank lending rates fell this week to an average of 10.58...

Interbank lending rates fall

Lending rates eased to an average of 11% for the last week Interbank lending rates eased more than 500 basis points, on Friday, to...

Interbank rates fall on matured T-bills

The market opened with a cash balance of about 237 billion naira on Friday Interbank lending rates eased by 200 basis points on Friday...

Interbank lending rate falls

The market was short prior to the disbursement of the budget fundsArticle | August 18, 2012 - 10:57am | By Eki Toju Nigeria's...

Experts worry over rise in inter-bank lending rate

The inter-banking lending rate increased from 14.8 percent to 17 percent. Two financial experts have expressed worry that the increase in the inter-banking...

NAIRA OPENS AT N162.1/$ AT INTERBANK

Naira Opens At N162.1/$ At InterbankMon, 16/07/2012 ? 1:21am | NSE ANTHONY-UKO Money BusinessThe naira exchange rate fell by 0.8 per cent or N1.3...

Naira Appreciates On Lower Dollar Demand At Inter-bank Market

Thu, 28/06/2012 ? 2:25am | BLESSING ANARO Money Business The Naira appreciated on lower demand for the dollar as investors awaited the central bank?s auction...

Interbank Rates Ease On Release Of FAAC Funds

Mon, 25/06/2012 ? 1:36am | NSE ANTHONY-UKO Money Business Liquidity condition in the financial system eased last week in anticipation release of funds to the...

Interbank lending rates rise to 15.83%

Traders expect disbursement of May budgetary allocations to government agencies to boost liquidity levelArticle | June 22, 2012 - 7:13pm | By Eki Toju...

China allows World Bank investment in its interbank bond market

China’s central bank, the People’s Bank of China (PBC) and the World Bank Group, have signed an Agency Agreement that will allow the International...

High interbank rate, yields lift Kenyan shilling

Central Bank of Kenya (CBK). Photo/Reuters At 0634 GMT, commercial banks quoted the shilling at 82.95/83.15 per the dollar, 0.2 percent stronger than Monday’s...