A new survey conducted by the Oxford Business Group (OBG) has shown that almost 44 percent of CEOs are positive about a good outcome of the banking sector reforms undertaken by the Bank of Ghana in 2018. The survey also showed that 43 percent of the CEOs also expressed negative sentiments about the banking sector clean-up. Speaking to journalists after releasing...
The Bank of Ghana (BoG) has initiated steps to ensure that banks do not pass on their operational inefficiencies and overhead costs to their clients. To this end, it said it would align compensation with overall bank performance by linking it to clear parameters including the quality of a bank’s assets. This among others was to boost credit delivery and improve...
Losses in five counters lowered the benchmark index by 17.36 points (-0.77%) to close the session at 2,236.09 with a -13.07% year-to-date return while market capitalization moderated by 0.31% to settle at GH¢56.57 billion. Access Bank (+13.92%) and Standard Chartered (+2.36%) pushed the GSE Financial Index up by 10.75 points (+0.56%) to close at 1,942.95 with a -9.79% year-to-date return. The...
The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) in collaboration with eTranzact, has launched a local payment card “gh-link EMV prepaid and debit card” as part of government plans to promote a cashlite economy. The gh-Link prepaid and debit cards have multichannel capabilities, enabling card holders to use a payment channel that is most convenient and best fit on...
