Banking and Finance
BoG to sell $350m to dealers in quarter 2, 2022
The Bank of Ghana will sell a total of $350 million dollars to authorised dealers in the second quarter of...
Absa Group 2021 earnings increase on Lower Impairments, Higher Pre-Prevision Profit
Absa Group headline earnings more than doubled to R18.6 billion in 2021 (R8 billion in 2020), well in excess of...
BoG warns public against money doubling scheme dubbed “BitCash Currency Exchange”
The Bank of Ghana is warning the public against a money doubling scheme which operates under the name “BitCash Currency...
Access Bank Appoints First Female Executive Director
Access Bank Ghana Plc. has appointed its first female Executive Director to lead the bank’s Retail and Digital Operations. Pearl...
Banks wrote off ¢2.086 bn as bad debt in 2021 – BoG
Banks operating in Ghana wrote off ¢2.086 billion as bad debt in 2021, a 4.7% decline over the previous year,...
Banks record ¢7.4bn profit before tax in 2021
Banks in Ghana recorded ¢7.4 billion profit before tax in 2021, the Bank of Ghana has said. This is compared...
Mobile money transactions significantly outstrip cheques by ¢770.4bn in 2021
Mobile money transactions for last year significantly outstripped cheque transactions by a massive ¢770.4 billion, the Summary of Economic and...
Play effective roles to reduce lending rates – IEA to government, BoG, banks
The debate over high lending rates will not go away anytime soon, as the Institute of Economic Affairs is calling...
African Central Banks set to hold rates with focus on growth
Central banks in some of Africa’s biggest economies will likely look past high inflation and U.S. policy tightening and hold...
Capital Bank’s Inventory Report : shareholders’ loans accounted for 65% of loans and advances
An inventory report on the assets and liabilities of defunct Capital Bank has revealed that shareholders’ loans accounted for 65%...
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