Access Bank Ghana, through its latest mobile banking service, *901#, is rewarding customers who transact and refer others to join the platform. The *901# service, which was launched a few weeks ago, enables customers to conduct basic transactions such as opening a new account, buying airtime, paying bills and transferring...
Rates on short-dated government securities have taken their free fall to another level, hitting a five-year low on June 23, this year. Buoyed by the current stable inflation and foreign exchange rate regime, rates on the benchmark 91-day treasury bill (T-bill) dropped from 25.19 per cent on July 13, 2015,...
Some financial institutions in the country have indicated their readiness to buy into the energy sector bond yet to be released by government later this year. This they believe will aid government get the energy sector back on a strong financial footing. Dr. Bawumia at the spring meetings in Washington in...
Dun & Bradstreet (D&B), an international business service company that promotes financial infrastructure and provides credit risk facilities, yesterday held a workshop for insurance providers and financial institutions in Accra. According to Adebowale Atobatele, General Manager for Dun & Bradstreet Credit Bureau Ltd, the workshop is to educate insurers, banks...
FNB was voted first in the category ‘coolest bank’ in the 2017 Sunday Times Generation Next Survey for the sixth year in a row. Held annually, the survey provides marketers with insights and trends on how the South African youth market from all walks of life perceive brands and which...
Ghana Home Loans (GHL), the nation’s leading mortgage finance provider, has received all the requisite approvals from the Bank of Ghana to commence operations as a universal bank. The mortgage specialist shall be renamed GHL Bank and will be the foremost bank for wealth creation. Since its launch in 2006, Ghana...
GCB Bank Limited, has presented GH¢21.5 million to the Government as dividend for 2016. The dividend is in respect of the 21.4 per cent government’s shareholding in the bank. Mr Ken Ofori-Atta, Finance Minister, who received the cheque from the, Managing Director Anselm Ray Sowah, described the consistent payment of dividend...
The integration of Eximguaranty Company Ghana Limited with the Export Trade, Agricultural Investment Fund (EDAIF) and the Export Finance Company (ECF) into an Exim bank is expected to materialise by September this year. As a result, high-level discussions with shareholders and expected legal procedures are currently ongoing to ensure a...
About 22 banks and four fintech companies, as well as a savings and loans company, are now offering the GhIPSS Instant Pay (GIP) service to the public. The GIP is an electronic payment system that enables bank customers to transfer funds from one account to another of a different bank...
BEIGE, the financial services provider, says its subsidiary, BEIGE Capital Savings and Loans (BCSL) has secured final approval to operate as a Universal Bank. This final license follows BCSL’s satisfaction of all the licensing requirements of the Bank of Ghana. A statement from the Group said BEIGE’s banking subsidiary would be...