With a rise of a tech-savvy generation, the Deputy Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, has assured investors of additional digital trading platforms that will allow easy access to the stock market by the end of this year. In an interview with B&FT ahead of the Ghana Economic Forum (GEF), dubbed ‘Strengthening Homegrown Policies to Underpin...
The Bank of Ghana has cautioned the general public against participating in a fraudulent promotion said to be on the bank’s 64th anniversary. According to a notice from the central bank, it has observed the fake promotion on social media, hence the disclaimer. The bank however says it is not running a 64th-anniversary promotion of any kind. The central bank also advised the...
The Bank of Ghana is cautioning the general public against the patronage of a money-doubling scheme operating in Ghana under the pseudo name “Worldremit”. According to the Central Bank, “this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of international fund transfers”. The central bank explained that the fraudulent “scheme encourages customers to select preferred...
The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says its members are taking the necessary steps to ensure that the movement of money to and from rural and community banks is done safely. Following the bullion van attack at Adedenkpo-Jamestown in June this year, the Bank of Ghana and the...
The Chartered Institute of Marketing Ghana has released a ground breaking research driven survey report on customer satisfaction in Ghana’s banking sector The report, which was unveiled officially at the Coconut Grove Hotel in Accra a fortnight ago, is the first ever survey of customer satisfaction in a services industry in Ghana. It is not surprising that CIMG has tackled...
Nana Kobina Nketsia IV, Omanhene of Essikado Traditional Area in the Western Region, has charged the Securities & Exchange Commission (SEC) to take steps to curb the proliferation of Ponzi schemes in the market. According to him, such schemes have lured many people into bad investments and caused them untold hardships and in many instances death. Speaking at a regional education campaign organised...
The Managing Director of Zeepay, Mr. Andrews Takyi-Appiah, has said that the introduction of electronic cedi (e-cedi) by the Bank of Ghana will help to further boost the country’s capital market. He said the e-cedi would introduce digital transaction unto the country’s capital market and automatically turn the market to a 24 hour platform where investors could trade at any...
The Rural and Community Banks, RCBs, after exhibiting resilience in their operations and battling it out during financial reforms still have a total of GH¢457.86 million locked up with investment companies that are regulated by the Securities and Exchange Commission, Business & Financial Times has learnt. At the beginning of the reforms, the total amount of funds invested in investment...
The Ghana Association of Bankers (GAB) is in talks with the Bank of Ghana (BoG) to come up with a bill that will limit over counter withdrawal at the commercial banks. The GAB says this will limit armed robbery attacks on people who visit financial institutions in the country. There has been an increasing rate of armed robbery attacks on customers who visit...
The Board Chairman of ARB Apex Bank, Dr. Tony Aubyn is asking government to involve rural banks in the yet to be launched new Development Bank Ghana. The involvement of rural and community banks, according to him, will increase support for key sectors of the economy including agriculture and mining. The World Bank has approved a funding package for the new...
