News
07Dec

Bank of Africa bags two separate ‘Best Bank in Trade Finance’ awards

…reiterates SMEs’ support commitment for AfCFTA Bank of Africa-Ghana (BOA-Ghana) has been named ‘2022 Trade Finance Bank of the Year’ by two separate credible awarding schemes: the Innovation and Excellence Awards, and the Ghana Credit Excellence Awards 2022. The awards are organised by two well-respected institutions, the International Centre for Strategic Alliances (ICSA) and Chartered Institute of Credit Management (CICM). Both honoured BOA...

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07Dec

Rural and Community Banks cry over Ghc450 million locked up funds

The Association of Rural Banks (ARB) says the delay in payment of Ghc450 million locked up funds of some rural and Community Banks (RCBs) with banks affected by the banking sector clean-up exercise, is adversely affecting them. The Acting National President of the Association of Rural Banks (ARB), Mr. Kwame Owusu Sekyere stated that all efforts made by the RCBs...

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07Dec

Bank of Ghana wins ICSA’s Best Fintech Policy of the Year Award 2022

Bank of Ghana was on Wednesday, 16th November, 2022 presented with the “Best FinTech Policy of the Year” award, under the Innovation and Excellence Awards category at the Connected Banking West Africa Summit, 2022. The award is in recognition of the various policies of the Bank of Ghana that have fostered digital financial services, accelerated financial inclusion and positioned Ghana as a preferred...

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18Nov

Banks urged to leverage economic crisis

The current global economic crisis presents banks the opportunity to innovate, accelerate and deepen their much needed transformation, Finance and Strategy Consultant, Professor Noel Tagoe, has said. He said while crisis destroyed bad companies, good companies survived them, and great companies were improved by them. At the 26th annual banking conference organised by the Chartered Institute of Banking Ghana (CIBG), he...

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18Nov

Dr. Maxwell Opoku-Afari inducted as Fellow of Ghana Academy of Arts and Sciences

The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari, has been inducted as a Fellow into the prestigious Ghana Academy of Arts and Sciences (GAAS). The ceremony was held on Tuesday, 15th November 2022 at the Academy’s auditorium in Accra, with Vice President of the Republic, Dr. Mahamudu Bawumia, gracing the occasion. Dr. Opoku-Afari was inducted into Fellowship...

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18Nov

GSE tightens rules on green bonds

The Ghana Stock Exchange (GSE), in collaboration with the Securities and Exchange Commission (SEC), has launched new rules to guide the listing and trading of green and sustainable bonds on the market. Dubbed the Green and Sustainable Bond Rules, the launch of the new guidelines formed part of activities to mark the 32nd anniversary of the local bourse which is...

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18Nov

Producer Price Inflation shoots up by 19.3% to 65.2% in October 2022

The Producer Price Inflation (PPI) rate for October 2022 inched up to 65.2%, a 19.3 percentage points increase relative to the rate recorded in September 2022 (45.9%). According to the Ghana Statistical Service, the month-on-month change in the PPI between September and October 2022 was 15.4%. Excluding the construction sector, the PPI increased to 75.6% in October 2022, from 54.5% in...

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18Nov

DBG sets stage to meet SMEs’ funding need

GH¢245m already deployed for on-lending by PFIsGH¢1bn underway in 6-months10 partnerships undertaken5 partner financial institutions Ensuring competitively priced medium-to-long-term financing to support the small and medium-sized enterprises (SME) sector, the Development Bank Ghana (DBG) is leveraging on its capacity and partner financial institutions (PFIs) to de-risk the SME sector, Chief Executive Officer (CEO) of the Bank, Kwamina Duker, has said. Prior...

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18Nov

BoG to review Cyber and Information Security Directive to ensure secured banking environment

The Bank of Ghana is currently in the process of reviewing the Cyber and Information Security Directive (CISD), 2018 to ensure that risk management practices is adhered to by all Regulated Financial Institutions (RFIs), whilst a secured environment is created within the “cyberspace”. It is therefore admonishing all RFIs to pay particular attention to the increased cyber security risks and...

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18Nov

Prudential appoints new Chief Executive Officer for Africa

Prudential has appointed Emmanuel Mokobi Aryee as the new Chief Executive Officer for Africa to oversee the operations of Prudential in its eight African markets. The appointment, seeks to centralise Prudential’s operations in Africa as well as strengthen and grow the business in markets where it currently operates Commenting on the appointment, Solmaz Altin, the Prudential Managing Director, Strategic Business...

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