Banking & Finance

Akyempim Rural Bank and Gomoaman Community Bank to merge

The shareholders of distress Akyempim Rural Bank have voted overwhelmingly to merge with Gomoaman Community Rural Bank. The move is as a result of the banking getting into bankruptcy and their inability to meet a new capital requirement set by the regulating of the banking and financial industry, the Bank of Ghana. The central bank has given all rural and ...

Read More »

BEIGE Capital secures medium term funds from INCOFIN

Beige

BEIGE Capital Savings and Loans (BCSL) has secured a medium term funding arrangement with INCOFIN, a Belgium-based Investment Management Firm. INCOFIN Investment Management (INCOFIN IM) is a Belgium-based management company with seven impact investing facilities totalling EUR 325M under management. From its offices in Belgium, Colombia, Kenya and India, INCOFIN finances and supports organisations in over 40 countries. In 2012 ...

Read More »

Bayport, C.F.C to merge as a Savings & loans Company

Managers of Bayport Financial Services have projected that a merger with CFC Savings and Loans will shoot the customer base of the company from 100,000 to 130,000. The merger which is yet to be approved by the Bank of Ghana(BoG) will move the company from financial services company into a savings and loans company. Speaking to Citi Business News after ...

Read More »

EximBank will draw entrepreneurs to agric

President of the Ghana Chamber of Commerce and Industry (GCCI), Nana Appiagyei Dankawoso I, has indicated that the recently launched Exim Bank will court entrepreneurs to the dominant agricultural sector and ultimately push down the rate of unemployment in the country. The bank, at its maiden Graduate Enterprise Development Initiative Awards (GEDI) in Accra, distributed a total of GH¢2 million ...

Read More »