The Bank of Ghana (BoG) has set the end of June 2020 for all operators of mobile money services to acquire operating license. According to the central bank, this new directive which has been communicated with some of the operators is to ensure that digital financial services are well regulated in the country. Head of Payment Systems at the Bank of...
ARB Apex Bank Limited has secured a US$8 million grant from the World Bank to roll out Agency banking project. The Managing Director of ARP Apex Bank Limited, Mr Kojo Mattah, who announced this here in a speech read for him at the 34th annual general meeting of Dangme Rural Bank (DRB) on Saturday said the bank had engaged the...
Ghanaians remain confident in banks despite the finance sector crisis over the last two years. The story is however different for Savings and Loan companies and Microfinance companies, which are largely considered unsafe. According to a recent AfroBarometer survey, 58 percent of Ghanaians feel banks are a very safe place to keep their savings. A further 25 percent felt banks were somewhat...
The Bank of Ghana has announced plans to introduce an electronic currency, E-Cedi, in the near future to enhance digital financial services in the country. According to a report by the Bank of Ghana, digital transactions such as mobile money keeps increasing in the country, while the value of cheques issued by commercial banks keeps declining. The total value of mobile...
