Banking & Finance

America’s JP Morgan rolls out First Bank-backed Cypto-Coins

JP Morgan

The lender moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction of that will happen over something called “JPM Coin,” the digital token created by engineers at the New York-based bank to instantly settle payments between clients. J.P. Morgan ...

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Strong rural banks should capitalise on banking reforms— Dr Toni Aubynn

Dr Toni Aubynn

The Board Chairman of Amenfiman Rural Bank, Dr Toni Aubynn, has suggested that the strong rural banks, should capitalise on the opportunities that have been created following the reforms in the banking sector. Dr Aubynn observed, for instance, that the Amenfiman Rural Bank continued in that regard to explore the chances that had been created, complemented by its innovation in ...

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MTN To Acquire Banking Licence, CEO Says

mtn banking licence

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019. Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the MTN CEO said it will put in an application in December and should lunch the bank in second quarter 2019. “We will be applying for a ...

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Guide to Investing in Bitcoin and other cryptocurrencies

bitcoin

I have found putting together this write up very necessary due to the massive feedback I have received since the time I published my first article on cryptocurrencies. It signals that there is a great hunger for retail investment education on cryptocurrencies. You can check out my previous article here (https://ghanatalksbusiness.com/free-investment-advice-new-crypto-traders/. Most of the people I have received feedback from ...

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Is Premium Bank Soon to be Consolidated?

premium bank

Even though Premium Bank was part of the List of the 31 Banks released by the Bank of Ghana in August. Business.com.gh can confirm things are not right in terms of capitalization. There is a possibility of its being consolidated with another Commercial Bank suffering. Which Bank? We are yet to know. Business.com.gh can say this because customers of Premium Bank ...

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Nduom Resigns From All Boards Of GN Firms In Ghana

GN Firms

Businessman Dr. Papa Kwesi Nduom has resigned as the Chairman of all Group Nduom Companies in Ghana.Dr. Nduom made the exclusive revelation on the Executive Breakfast Show (EBS) on Class91.3FM on Monday, 29 October 2018.“From a week or so ago, I’m no longer the Chairman of Gold Coast Fund Management. As a matter of fact, I’m getting out of being ...

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SEC intensifies monitoring on Ghana Stock Exchange

SEC

The Securities and Exchange Commission(SEC) has set up a monitoring team to ensure all firms abide by the conditions associated with their listing on the Ghana Stock Exchange(GSE). The commission says it will be cracking the whip on firms that default on their listing obligations. Already some firms have been given up to December 2018 to get their financial records ...

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No one will be shielded …Prez declares on collapse of 7 banks

President Nana Addo Dankwa Akufo-Addo has said that government will not shield anyone found to have played a role in the collapse of the seven local banks. The President, speaking at the opening of the new head office complex of Standard Chartered Bank in Accra, bemoaned the cost of rescuing the seven banks to the tax payer adding that the ...

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Performance of Ghanaian Stocks

Equity May Performance 2018 Performance Produce Buying Company Ltd. 25.00% -16.67% Aluworks LTD 12.50% -43.75% PZ Cussons Ghana Ltd 4.76% 120.00% Unilever Ghana Limited 4.32% 37.31% SIC Insurance Company Limited 2.44% 320.00% Guinness Ghana Breweries Ltd. 1.56% 26.21% Republic Bank 1.56% -6.47% Ecobank Ghana Ltd 1.13% 53.03% Benso Oil Palm Plantation Ltd 1.11% 18.79% Ghana Commercial Bank Limited 1.11% 26.34% ...

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Govt. to support entrepreneurs with GH¢30m

The Ministry of Business Development has announced that government, in partnership with the Institute for the Creation and Development of Enterprise (INCYDE) foundation and CASA África, will allocate GH¢530million to train 2000 young entrepreneurs across the country beginning March 2019. The announcement was made at the signing of an Agreement between the ministry and INCYDE foundation of Spain for the ...

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