The Bank of Ghana (BoG) has forwarded some dossiers to the Economic and Organised Crime Office (EOCO) and other security agencies to start the prosecution of those found complicit in the recent banking failures. It said civil action had already been taken by the Receivers and Official Administrators of the consolidated banks against the wrongdoers … Read more
All institutions established either for profit or not-for-profit purposes manage costs in their various dealings, with the people (human resource) being the most important and likely to be the most expensive resource to acquire. All institutions therefore in their quest to cut down cost, will always look for ways to reduce the human resource population … Read more
A former deputy Governor of the Bank of Ghana (BoG), Emmanuel Asiedu-Mantey has expressed disquiet about some local banks petitioning the president to have the 31 December deadline for the recapitalisation of banks spread over a four year period. Speaking exclusively to TV3, Asiedu-Martey says he does not support the move. “I’m totally against the … Read more
McOttley Capital, an investment management arm of McOttley Holdings, has assured Ghanaians and its cherished clients of bright future. A statement from the company said the operations of McOttley Capital remains stable, adding that, it shall continue to offer exciting tailored-made products and services to its clients, guided by its values of excellence, integrity and … Read more
Banks’ interests on car loans drop to 31.1 % in June The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on vehicle loans. Its rate on your car loan is 39.8 percent. The report, however, stated that Bank of Baroda’s rate … Read more
The Agricultural Development Bank (ADB) emerged as the best bank in Agriculture, Forestry and Fishing Finance at the 16th Ghana Banking Awards. The bank also came up as the second Most Active E-zwich Bank. The Ghana Banking Awards, organized by Corporate Initiative Ghana (CIG) is regarded as the most prestigious award in the Ghanaian banking … Read more
The average interest offered by banks on customer deposits dropped by 2.67 percent between May and June 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana, the figure declined from 11.2 to 10.9 percent within the one month period. Although its rate has dropped marginally, Omnibank … Read more
In line with its commitment to improving savings culture in Ghana, Access Bank Ghana has unveiled an industry first family savings promotion tagged ‘Abusua Akyɛdeɛ’ to give customers a boost in their savings while winning fantastic prizes including a whooping GHS 150,000. The ‘Abusua Akyɛdeɛ’ promotion is designed to encourage groups of families, friends or … Read more
Indigenous Ghana Bank, Heritage Bank Limited, has taken its expansion drive beyond the Greater Accra Region, by opening its first branch in the Ashanti Region, specifically at Suame in Kumasi. This brings to three the number of branches so far since it commenced full operations only in February 2017. Speaking at the Suame branch opening, … Read more