Banking & Finance

PERSONAL FINANCING: WHAT IT IS AND HOW IT CAN HELP YOU

We tend to receive money almost every time. Students receive money when going for school. Salaried workers receive money when time for compensation is due. In much the same way, the woman who operates a provisions store or the one who sells at the market receives money after a day’s work. But it is sad to note that people still ...

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AUDITING IS NEEDED

One of the areas that has great human influence is auditing. The extent of impact it will have depends on how best auditing knowledge, skills, tools and techniques are utilized. The world has experienced a number of accounting scandals leading to many corporate failures and eventually resulting in the introduction of measures to curb the situation and to prevent future ...

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SIC Insurance will use MoMo to spur penetration

SIC Insurance, one of the country’s biggest insurers, has said it will soon outdoor an innovation that allows customers to purchase non-life insurance policies using mobile money, among other mobile payment channels, as part of plans to consolidate its market position. Speaking at a media interaction over the weekend, its Managing Director, Stephen Oduro, said the indigenous insurance company is ...

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What you should know about the GN Bank, Premium Bank & Sahel Sahara Bank Merger

GN Premium Sahara Merger

The literature on how M&A impacts value pre- and post-merger or acquisition, is checkered. There is evidence to support the view that M&A in most cases tend not to deliver on the value proposition that was originally intended. The scholarly thought appears to converge on this fact. For instance, Barnoh & Adu-Twumwaah (2015), citing Brealy and Myers (2010), argues that ...

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Pass “Proper Test” before going Digital – BOG

MFI Digital Space

Microfinance companies interested when introducing digital products and services, including agency banking and mobile money, must first meet the central bank’s ‘fit and proper test’ including GH¢2million minimum capital. Head of Payment Systems at the central bank, Dr Settor Amediku, told players in the Microfinance space at the annual general meeting of the Ghana Association of Microfinance Companies (GAMC) that ...

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73% of Ghanaians working in vulnerable conditions —Report

Vulnerable conditions in Ghana

A report published by the Trades Union Congress (TUC) has revealed that 73% of Ghanaian workers operate under vulnerable conditions. The report also points out that a majority of Ghanaian workers receive less than 2 dollars a day, and do not have any form of pension contributions. Out of the employed population of 11.21 million, 64.3 % who are self-employed ...

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Stock market updates (weekly outlook)

Stock

   Have knowledge about your stock market Index Performance is a stock index that adds the amount of all dividends payments, capital gains (rise in the value of a capital asset that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold)  and other cash disbursements to the net stock price. When measuring ...

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Mobile Money Interoperability (MMI), a New Prospect to Grab

Mobile Money

  MMI is a service which allows direct and uninterrupted transfer of funds from one mobile money account to another across networks. It has a larger scope of incorporating all financial institutions to make bill payments, merchant payments and other financial services such as interest-bearing savings account, credit, and insurance. It will also enable mobile money users to transfer funds ...

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Ghana To Host First Banking, Insurance And FinTech Festival

Ghana, Cote d'Ivoire Cocoa

The Ghana’s banking, insurance and financial technology space will for the first time converge to celebrate their collective achievements. Dubbed Banking, Insurance and FinTech Festival 2018 (biff2018), organizers say the event will seek to empower Ghanaians on not only the acquisition of cheap funds for valid business operations but also safe guards that need to be put in place. A ...

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