A native of Bimbilla and a worker at Ecobank in Accra, Alhassan Haruna, has donated some hospital equipment to the Bimbilla District Hospital in the Nanumba North district of the Northern Region. Issahaku Ben Hussein, who presented the equipment on behalf of Alaskan Haruna, appealed to youth and other stakeholders in the area to emulate the … Read more
Average interest rate on agricultural loans by banks has increased marginally to 33.2 percent as at the end of February this year, the Bank of Ghana’s Annual Percentage Rate and Average Interest report has shown. The report also shows that First Atlantic Bank offers the highest agric loans at 41.2 percent. But Standard Chartered Bank … Read more
Ecobank has provided an innovative digital platform for its customers to transact business electronically. The initiative dubbed the MasterPass QR is geared at bringing more convenience to customers. It is a smart merchant solution that accepts payments from any mobile phone. This eliminates the cost of physical Point of Sale terminals and reliance on network … Read more
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has shown. This represents 2 percent increase compared to the 34.3% recorded as at the end of January 2017. The Annual … Read more
Ecobank Ghana has introduced Masterpass QR to boost safe and secure digital payment via the mobile phone for booth the banked and the unbanked. Ecobank’s Masterpass QR was designed by global card and digital payment giant, MasterCard to integrate various payment platforms in a safe and secure way for consumers, merchants and service providers. Ecobank … Read more
As part of measure aimed at deepening financial inclusion, Ecobank Ghana has launched the Ecobank MasterPass QR to its digital range of products. The MasterPass QR was designed together with world electronic card producer, Master Card to support the bank’s retail payment strategy. Speaking at the launch of the product, the Managing Director of Ecobank … Read more
The average interest on vehicle loans offered by commercial banks has reached 35 percent as at the end of February this year; the latest Annual Percentage Rate (APR) report by the Bank of Ghana has shown. This represents 2 percent increase compared to the 34.3% recorded as at the end of January 2017. The Annual … Read more
The latest data on Annual Percentage Rates (APR) of interest charged on loans and credit advances and the Average Interest (AI) paid on deposits by banks released by the Bank of Ghana revealed that the industry average base rate as at February 28, 2017, was 26.9 per cent. This saw a drop of 0.7 percent … Read more
Heritage Bank Limited, as a responsible corporate citizen, has responded to the President’s call for the private sector to support the ‘Ghana: 60 years on’ activities. During the launch of the National planning committee on the 26th of January 2017, the President appealed to Corporate Ghana to support raising necessary funds towards the Diamond Jubilee … Read more
On the Ghana Stock Exchange (GSE,) trading activity in terms of volumes on the stock market decreased by 8.09% in the week under review as volumes of shares traded scaled down by 3,292,577. Further, the total values of shares traded increased to GHS 372,200.34 representing 8.09% appreciation week on week. There were 5 gainers and … Read more
Ecobank Ghana has partnered with Ria Money Transfer – the world’s third largest money transfer company – to offer pay out services across Ghana. This will allow customers of the bank – both account and non-account holders – to receive remittances directly into their bank accounts with less difficulty. Managing Director of Ecobank Ghana, Dan … Read more
Ghana is a nation of 26million inhabitants, with a Gross Domestic Product (GDP) of almost US$35billion, and a universal bank tally of 35. South Africa is a nation of 55million inhabitants, with a GDP of close to US$400billion, but with a universal bank tally of less than 20. Still, Nigeria is a nation of almost … Read more
The cedi lost grounds to the three major international currencies in the week ending February 24. Despite coming under pressure, the greenback appreciated by 2.88 per cent against the Ghana cedi. The local currency closed trading at GH¢4.44, representing a year-to-date depreciation of 5.71 per cent. The Euro, which stood on the defensive in the … Read more
She has over the years helped in designing specially crafted products and services to meet specific needs of the unbanked in Ghana, particularly women and traders, something that continue to make significant contributions to the end user and society. Mrs Oppong-Tawiah received a plague and a citation for the award, which was given her at … Read more
A warehouse belonging to the Northern Regional Rural Integrated Programme (NORRIP) in Tamale was yesterday destroyed by fire. The cause of the fire, which was said to have begun at about 1:45 p.m. yesterday, is yet to be established. Items However, items destroyed at the facility included vulcanising machines, wielding machines, car spare parts, refrigerators, … Read more
The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at … Read more
The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at … Read more
The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at … Read more
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
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