Standard Chartered Bank has been named as the bank with the lowest interest on customer deposits. According to the Bank of Ghana’s latest Annual Percentage Rates (APR) and Average Interest (AI) report, Standard Chartered Bank offered 4.3 percent on deposits of its customers as at end of January 2017. The report which contained the rates … Read more
Citi Business News can confirm state pension fund manager Social Security and National Insurance Trust (SSNIT) has acquired a stake in Nigerian Bank, Access bank Ghana. SSNIT which acquired the stake during Access bank’s recent Initial Public Offer (IPO) becomes the biggest shareholder of the bank with 10 percent stake. Access bank Ghana’s parent company … Read more
Citi Business News can confirm state pension fund manager Social Security and National Insurance Trust (SSNIT) has acquired a stake in Nigerian Bank, Access bank Ghana. SSNIT which acquired the stake during Access bank’s recent Initial Public Offer (IPO) becomes the biggest shareholder of the bank with 10 percent stake. Access bank Ghana’s parent company … Read more
The Agricultural Development Bank (ADB) has officially listed on the Ghana Stock Exchange following the successful completion of its Initial Public Offer (IPO) on December 5. The bank’s listing makes it the 40th company and the fourth local bank to be listed on the Ghanaian bourse. The Agricultural Development Bank successfully raised about GHC325 million … Read more
Agricultural Development Bank (ADB) has started reaping some of the benefits that come with listing on the Ghana Stock Exchange. It shares price witnessed some significant gains post listing on the local bourse. This follows the listing over a little over 122 million ADB shares last Tuesday on the Ghana Stock Exchange. ADB which actually … Read more
The Agricultural Development Bank (ADB) has attributed the significant performance of the bank’s share price to investor confidence in the banking stock. As at close of trading on Monday, December 19th 2016, the share price of ADB had gained about 38 pesewas and trading at 3 cedis 33 pesewas. Also, a total of 10,000 ADB … Read more
The Agricultural Development Bank (ADB) has attributed the significant performance of the bank’s share price to investor confidence in the banking stock. As at close of trading on Monday, December 19 2016, the share price of ADB had gained about 38 pesewas and trading at 3 cedis 33 pesewas. Also, a total of 10,000 ADB … Read more
The Bank of Ghana (BoG) is to still own a stake in the Agricultural Development Bank (ADB) despite the completion of the bank’s Initial Public Offer (IPO) early this month. It follows the inability of ADB to achieve a full subscription of its Initial Public Offer on Monday, December 5th, 2016. The Bank of Ghana … Read more
The Bank of Ghana (BoG) is to still own a stake in the Agricultural Development Bank (ADB) despite the completion of the bank’s Initial Public Offer (IPO) early this month. It follows the inability of ADB to achieve a on Monday, December 5, 2016. The Bank of Ghana currently possesses a 9.5 percent stake in … Read more
The Agricultural Development Bank (ADB), has re-launched its Initial Public Offer (IPO) after failing to successfully complete the process a number of times. The offer which was re-launched today [November 24, 2016], seeks to raise about 380 million cedis. Managing Director of ADB, Daniel Asiedu who confirmed the re-launch in an exclusive interview with Citi … Read more
The Bank of Ghana’s latest Average Interests (IA) on deposits report released shows a decrease in the average minimum interests to be paid annually on deposits of customers’ funds logged at commercial banks in the country between May and September 2016. Figures from the central bank indicates a decrease from 12.3 percent to 12.2 percent. … Read more
The Bank of Ghana’s latest Average Interests (IA) on deposits report released shows a decrease in the average minimum interests to be paid annually on deposits of customers’ funds logged at commercial banks in the country between May and September 2016. Figures from the central bank indicate a decrease from 12.3 percent to 12.2 percent. … Read more
Government’s move to settle the longstanding grievances of clients of the DKM Microfinance Company has taken off on a disappointing note with a number of the depositors in the Upper East region dissatisfied with the refund arrangements. The Bank of Ghana (BoG) shut down the company on Monday May 11, 2015, after it reportedly failed … Read more