Author - Daniel Asamoah
19May

Prudential Bank puts customers first ..establishes Contact Centre

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...

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19May

Cedi records no loss of value in 5 consecutive months

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...

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19May

EBID grants 50-million-dollar facility to CBG to finance road projects

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...

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19May

Collaborative support needed to reset Ghana’s post COVID-19 economy – First Deputy Governor

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...

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19May

Invest in effective systems to detect fake currencies – E-crime Bureau to businesses

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...

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19May

Bond market’s activity wanes in April

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...

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17May

Remittances to Ghana shoots up to $3.6bn in 2020

Despite the impact of covid-19 on global economies, remittances to Ghana shot up by 5% to US$3.6 billion last year, according to World Bank’s 2021 Migration and Development report. With the exception of Nigeria where there was a significant decline in remittances, foreign inflows to Africa went up by 2.3%. According to the report, Ghana was ranked second behind Africa’s most...

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14May

National Development Bank set take off in July —Minister of Finance

The National Development Bank (NDB) will begin its operations by end of July this year, the Finance Minister, Ken Ofori-Atta has said. The Bank, according to him, would provide long term wholesale financing to the private sector through Commercial banks. The Minister said this at a press briefing on Sunday to address issues that have been raised through the “Fix the...

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14May

Companies urged to abide by unclaimed dividend provisions in new Companies Act

Companies who are expected to pay dividends to their shareholders are being cautioned against flouting Sections 73 and 74 of the new Companies Act, Act 992. According to the Act, all unclaimed dividends are to be handled in a standardized manner which will ensure the dividends are kept for a period of up to 8 years in interest bearing accounts...

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