Banks will soon adopt only the National Identification card as the primary source of documentation for banking transactions. This follows discussions between the banks, represented by the Ghana Association of Bankers, the National Identification Authority and the Bank of Ghana. The discussion is said to have reached an advanced stage and a roadmap on when to use the National ID...
Prudential Bank has established a state-of-the-art Customer Experience Centre in Accra. The establishment of the centre provides the bank with real-time engagement with its numerous cherished customers across the country during and outside official banking hours. The 18-hour a-day Customer Experience Centre complements the bank’s self-service electronic platforms and thus marks a timely response to the demands of today’s customers to...
The local currency continues to maintain its good form over major trading currencies, as data shows it has – for the first time in memorable history – recorded no loss in value for five continuous months against the US dollar: a feat that can be attributed to prudent currency management by the Bank of Ghana. According to the daily interbank...
The ECOWAS Bank for Investment and Development (EBID), has granted a 50 million USD facility to the Consolidated Bank Ghana Limited (CBG) to support Ghana’s road infrastructure development. The President and Chairman of the Board of Directors of EBID, Dr. George Agyekum Donkor, and the Managing Director of CBG, Mr. Daniel Wilson Addo, signed the deal at the Head Office...
The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has stated that resetting Ghana’s economy back to resilience would be a gradual process over the next two or three years. According to him, this would require the collective and collaborative support, of both the private and public sectors. Outlining some short-term strategies to reset Ghana’s economy, at the...
Cyber Security firm, E-crime Bureau has charged the over 200,000 mobile money agents across the country and businesses to invest in tools and systems such as money counting machines to detect fake currencies being introduced into the system by unscrupulous characters. Earlier this month National Security busted a 13-member gang involved in the printing and distribution of fake currency notes...
Trading activity on the Ghana Fixed Income Market (GFIM) was subdued in April 2021 compared to March — which climbed to an all-time monthly high — data from the Ghana Stock Exchange has revealed. The data, which summarised market activities in April 2021, indicated that volumes traded on GFIM dipped by 40 percent to 15.9 billion, valued at GH¢16.62 billion...
