Monthly Archives - December 2021
07Dec

Moves to connect GhIPSS to Pan-African Payment System ongoing – Archie Hesse

The Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), Mr. Archie Hesse, says they are working around the clock to ensure intra-African payments from and to Ghana are smooth once the Pan-African Payment and Settlement System (PAPSS) becomes fully operational. The operational roll-out of the revolutionary continent-wide payment facilitation platform in local currencies, happened in September this...

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07Dec

Take advantage of digitalization, RCBs urged

Rural and Community Banks (RCBs) have been urged to take advantage of the emerging digital banking system to roll out tailor-made digital products and services for their clients. This must come with appropriate risk management structures to improve operational efficiency, deepen financial inclusion and increase customer satisfaction. Mr Yaw Sapong, Head of Other Financial Institutions Supervision Department of the Bank...

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07Dec

Pension funds push total assets under management to ¢30.58 billion – Report

Total Assets Under Management (AUM) saw a significant growth in 2020 as a result of an increase in pension funds, the Bank of Ghana’s Financial Stability 2020 Report has revealed. At the end of 2020, it stood at ¢30.58 billion, a growth of 8.04% from the previous year, compared to a decline of 0.01% in 2019. Total Assets Under Management at...

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