Daily Archives - January 10, 2025

22% of banks in Ghana fail to meet CAR threshold of 13% – Report

About 22% of banks operating in Ghana have failed to meet the the 13.0% Capital Adequacy Ratio (CAR) threshold.According to IC Insights, these banks would require continuous adherence to recapitalisation plan, enforcement of strict credit risk standards, and continued profitability to restore capital buffers to pre-Domestic Debt Exchange Programme (DDEP) levels. Joy Business understands that majority of these banks are...

Interoperable payment systems advance financial inclusion – Report

The nation continues solidifying its position as a leader in African digital financial services, leveraging its advanced instant payment systems to drive financial inclusion and economic growth. According to the recently published State of Inclusive Instant Payment Systems (SIIPS) in Africa 2024 report, co-authored by AfricaNenda’s Sabine Mensah and Jacqueline Jumah, the nation stands out as the only country on...