Average Deposit Rate Increases Marginally; Stanchart Still Offers Lowest Rates
The average interest offered by banks on customer deposits increased by 1 percent between March and April 2017. According to ...
Tag: banking
Bank of Baroda Best Place To Secure Credit – BOG APR
Bank of Baroda emerged as the best place to secure credit according to the latest Average Interest and Annual Percentage ...
Banks Warn BoG Over Minimum Capital Requirement
CEOs of some banks have cautioned the Central Bank to be circumspect in the implementation of the soon-to-be-announced increase in ...
US Treasury’s Mnuchin Opposes Breakup of Banks
The Trump administration does not support a return to the Depression-era rule requiring a separation of retail and investment banking, ...
Capital Bank’s V12 Campaign Changes Narrative On Current and Savings Accounts
Capital Bank’s V12 Campaign is gathering momentum days after its launch as customers and prospective customers throng to Capital Bank ...
Hardline Challenger In Iran
Ebrahim Raisi, the leading rival to President Hassan Rouhani in Friday's presidential election, is a hardline judge with close ties ...
Recapitalization As A Means of Transforming Ghana’s Banking Sector
The Ghanaian banking system is growing at a fast pace with the number of commercial banks increasing each year. Most ...
BDCs Debt Could Push NPLs Beyond 20%
Banks could be facing further liquidity challenges as government delays in settling the BDCs debt, Philip Owiredu, Executive Director at ...
Government To Bring Down Cost of Mortgage, Lending
Vice-President Dr Mahamudu Bawumia has hinted that the government is working to bring down the cost of mortgage and lending, ...
BOG Engages ASN Financial Services Over “crisis”
The Bank of Ghana (BoG) is engaging directors of ASN Financial Services Limited, a licensed Finance House, to find an ...
Capital Bank Launches V12 Campaign; Pays 12% Interest On Savings, Current Accounts
Indigenous bank, Capital Bank has launched a campaign dubbed, “V12” aimed at giving customers superior value. It is to also ...
Wells Fargo Announces $2 Bn In Additional Cost Cuts
Tarnished banking giant Wells Fargo said Thursday it will cut an additional $2 billion in costs each year as it ...
Estate Developer Jailed 36 Months For Fraud
An Accra Circuit Court on Wednesday sentenced Mark Brown, a Real Estate Developer, to 36 months imprisonment in hard labour ...
HFC Opens Two Cash Collection Points At Tamale Teaching Hospital
HFC Bank has opened two cash collection points at the Tamale Teaching Hospital (TTH) premises from which customers can access ...
Huge Recapitalisation Alone Not Answer To Banks’ Woes
Aggressive recapitalisation, which could force mergers and acquisitions, should not be forced on banks, Felix Nyarko-Pong, Managing Director of uniBank, ...
GhIPSS Lauds The Seed Funds Over Its ‘TSF Card’
The launch of the ‘TSF Card’ by The Seed Funds (TSF) Savings and Loans Company has been welcomed by the ...
Former BOG Boss Resignation To Cost the State GHc7,476 Million
Details emerging from the Bank of Ghana (BoG), reveal the negotiated resignation of Dr. Abdul-Nashiru Issahaku, as Governor, three years ...
Ibrahim Mahama Is Not Indebted To Us – Ghana Airports Company
The Ghana Airports Company Limited (GACL) has refuted reports that Engineers and Planners Company Limited owned by Ibrahim Mahama is ...
Financial Sector Needs An Ombudsman
Dr. Kobby Mensah, marketing lecturer at the University of Ghana Business School says Parliament should consider the setting up of ...
Bank Savings Accounts Are Not Investment Accounts
Savings consists of the amount left over when the cost of a person's consumer expenditure is subtracted from the amount ...