Customers of Capital Bank now have the opportunity to transfer cash from the bank’s ATM to any other bank in Ghana instantly. The service, the first of its kind to be rolled out by a bank in the country, is however, currently available on internet banking platforms through the Ghana Interbank Payment and Settlement System … Read more
Banks have begun easing out their stance on credit to the private sector following declining interest rates. The Bank of Ghana’s latest Banking sector report reveals that the credit allocation by banks increased from April 2016 to April 2017. Net loans and advances to the private sector by the commercial banks (which is total loans to customers, … Read more
The Ghanaian banking system is growing at a fast pace with the number of commercial banks increasing each year. Most savings and loans and microfinance institutions are working very hard around the clock to meet the Central Bank’s requirements for gaining licences to become commercial banks. There are currently 35 fully licensed and operational commercial … Read more
China’s central bank raised short-term interest rates on Thursday in what economists said was a bid to stave off capital outflows and keep the yuan currency stable after the Federal Reserve raised U. S. rates overnight. The increase in short-term rates was China’s third in as many months, and came a day after the end … Read more