We hereby bring to the notice of the general public, a publication of the list of persons having accounts with Absa Bank Ghana LTD that have not been operated for a minimum of five (5) years and are classified as dormant, in accordance with the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). The […] The post Absa Unclaimed and Dormant Account 2024
The Director of Business Operations at Dalex Finance, Joe Jackson, has emphasized the pivotal choice facing Ghana regarding foreign aid and the potential economic consequences linked to the enactment of the Anti-Gay Bill. In light of the Ministry of Finance’s appeal to President Nana Addo Dankwa Akufo-Addo to withhold assent to the recently passed anti-LGBTQ […] The post Anti-Gay
Togbe Afede XIV, the Agbogbomefia of the Asogli State, has strongly criticised the recent decision by the Bank of Ghana (BOG) to reduce the policy rate from 30% to 29%, describing it as nothing more than a “big joke.” The BOG’s Monetary Policy Committee (MPC) announced this cut on January 29, 2024, with Togbe Afede […] The post BoG’s 1% policy rate cut
By Effie AMISSAH The banking industry underpins the financial services industry in the country. Regulated by the Bank of Ghana, the industry provides an avenue where cash, credit and other financial transactions for both individuals and businesses are accessed. According to the 2023 Price Water House Coopers Banking Survey Report, the banking industry contributed GHC16.21 […] The post The
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […] The post Over
By Buertey Francis BORYOR The Minister for Finance, Dr. Mohammed Amin Adam has reiterated the government’s commitment to the Eastern Region, particularly its first share of infrastructural development. “In this year’s budget we allocated about GH¢4 billion to the Ministry of Roads in order for us to be able to make payments to contractors so […] The post Gov’t
By Ernest Bako WUBONTO The Deputy Minister of Finance, Dr. John Kumah, has stressed the critical role entrepreneurs play in the socio-economic development of the country. Dr. Kumah said entrepreneurs have demonstrated over the years, especially in times of crisis like the COVID-19 pandemic, that they are the true lifeline of the economy. Dr. John […] The post Deputy
In today’s dynamic financial landscape where borders are increasingly blurred and customer demands transcend local confines, only institutions with a forward-thinking global perspective can truly thrive. Fidelity Bank, Ghana’s foremost privately-owned bank, exemplifies this ethos, consistently surpassing local standard while making its mark on the global stage. Seamless banking solutions for a connected world At […] The post
Hiplife legend Okyeame Kwame has debunked claims that he has been paid to join the manifesto committee of flagbearer of the governing New Patriotic Party (NPP), Dr. Mahamudu Bawumia. Okyeame Kwame is one of the fifteen people who were named as members of the New Patriotic Party’s Manifesto Committee for tourism, arts, and culture. Other […] The post Bawumia’s
The Group Managing Director (GMD) of UBA Group, Mr. Oliver Alawuba, recently paid a working visit to the Governor of the Bank of Ghana, Mr. Ernest Addison, in a meeting that underscored UBA’s commitment to regulatory compliance and strategic expansion in Ghana and beyond. Mr. Alawuba assured Governor Addison that UBA would continue to adhere […] The post Governor
The Mines and Energy Committee in Parliament has given the Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Edward Nana Yaw Koranteng, a seven-day ultimatum to provide the Committee with further details regarding the $12 million spent on the botched Agyapa royalties deal. He is expected to provide the committee with the documents […] The post Mines
The governing New Patriotic Party (NPP) Flagbearer, Dr Mahamudu Bawumia, has made a significant move in the party’s preparations for the upcoming 2024 general elections by constituting a dedicated Manifesto Read More... The post Kyei-Mensah-Bonsu
Former Ghana’s Black Stars Captain, Asamoah Gyan Aka Baby Jet has been given a role to put together a manifesto in the field of Youth and Sports for the flagbearer Read More... The post Asamoah Gyan Heads Youth And Sports Committee
By Raghuram G. Rajan & Viral V. Acharya Almost a year after the mini banking crisis in the United States, it is worth revisiting the episode. Was it just a tempest in a tea-cup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the […] The post The danger of forgetting the 2023 banking crisis appeared
The value of loans granted by financial institutions fell by 54.9 % in the last quarter of 2023. The total amount of secured loans registered by banks and Specialized Deposit-Taking Institutions (SDIs) stood at almost GH¢5.9 billion compared to the GH¢13.2 billion in the same period of 2022. This huge decline of GH¢7 billion in […] The post Total value of secured loans
Homeownership is one of the most rewarding experiences in one’s lifetime. It is an important decision to make and requires the right type of financing options to suite the purpose. Buying your first home has been made easy through Republic Bank’s Home Purchase products. Existing homeowners can also take a mortgage to renovate, expand, release […] The post OutStandingBrands24:
Sekyere Rural Bank Plc has over the past four decades held certain corporate values of achieving an excellent relationship with customers and giving the best to shareholders. These values have been at the forefront of the bank’s operations and forms part of the fundamental element on which the bank was established. Since its establishment, the […] The post
…the front desk executive “People perform best and deliver the best customer service when they like what they do.” Author Unknown The front desk of many financial institutions are manned by pleasant looking ladies and gentlemen, yet despite the external beauty, some of them are not experienced enough to meet the requirements of the job. […] The post
By Julie LeBLANC The United States is deeply committed to its role as a steadfast economic and commercial partner to African nations. This commitment was recently highlighted by Secretary of State Anthony Blinken’s visit to West Africa, including stops in Nigeria – both in Abuja and Lagos – as well as in Cabo Verde, Cote […] The post The United States deeply
The newly appointed Finance Minister, Dr. Mohammed Amin Adam, has given the greatest assurance that he will not depart from the policies and programmes of the government as contained in the 2024 budget. Dr. Amin Adam emphasized his familiarity with the ministry, its programmes and challenges and indicated that his one year as a Minister […] The post I’ll continue with
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