Kweku Nimfah-Essuman is the new Executive Dir and Chief Financial Officer of Standard Chartered Bank Standard Chartered Bank is delighted to announce the appointment of Kweku Nimfah-Essuman as Executive Director and Chief Financial Officer effective October 1, 2016. Mr Nimfah-Essuman joined the Bank in 2005 and has held senior roles spanning Regulatory Reporting, Controls and … Read more
Some practitioners in the pensions industry have blamed the lack of accurate data for the increased controversies surrounding the management of tier two pension schemes among public sector workers. In their view, the absence of credible employee data hampers effective disbursements of the contributions currently with the Temporary Pension Fund Account at the Bank of … Read more
Mobile money deposits hit GH¢697.2 million as of the end of June, this year, showing increasing public acceptance of mobile money service. Mr. Clarence Blay of the Systems Office of the Bank of Ghana (BOG), who announced this put the previous year’s total figure at GH¢341.3 million. The number of registered agents has now shot … Read more
Standard Chartered Bank has announced the appointment of Kweku Bedu-Addo as CEO of the Southern Africa Region comprising Mauritius, Botswana, Zimbabwe, Zambia, Angola and South Africa. The appointment is subject to regulatory approval. Mr. Bedu-Addo has worked for Standard Chartered Group for over sixteen years, six of which he was as CEO for Ghana. In … Read more
Some practitioners in the pensions industry have blamed the lack of accurate data for the increased controversies surrounding the management of tier two pension schemes among public sector workers. In their view, the absence of credible employee data hampers effective disbursements of the contributions currently with the Temporary Pension Fund Account at the Bank of … Read more
The National Trust Holding Company (NTHC) is to institute measures to position the company to take advantage of existing opportunities and to overcome challenges to enhance growth. These measures would include the redefining of NTHC processes, enhancing systems and developing people to meet the expectations of customers and the threats of competitors. Mr Francis Apanka, … Read more
BEIGE Capital Savings and Loans (BCSL) has secured a medium term funding arrangement with INCOFIN, a Belgium based Investment Management Firm. INCOFIN Investment Management (INCOFIN IM) is a Belgium based management company with 7 impact investing facilities totaling EUR 325M under management. From its offices in Belgium, Colombia, Kenya and India, INCOFIN finances and supports … Read more
About 18 of the country’s banks are now able to offer the Instant Pay (GIP) service to their customers, more than twice the number that could do so as at August this year. This means that more customers can send money from their bank account to the account of the recipient instantly. This payment service … Read more
BEIGE Capital Savings and Loans (BCSL) has secured a medium term funding arrangement with INCOFIN, a Belgium based Investment Management Firm. INCOFIN Investment Management (INCOFIN IM) is a Belgium based management company with 7 impact investing facilities totaling €325M under management. From its offices in Belgium, Colombia, Kenya and India, INCOFIN finances and supports organisations … Read more
About 18 of banks in Ghana are now able to offer the Instant Pay (GIP) service to their customers, which is double the number that could do so in August this year. This implies that more customers can send money from their bank account to the account of the recipient instantly. This payment service compares … Read more
New entrant into the banking industry, OmniBank Ghana has organized an Executive Breakfast Meeting in Accra to outline plans of the company for business owners. The bank which is the 32nd bank to be licensed by the central bank launched last month after opening its East Legon branch. Speaking to Citi Business News, the Head … Read more
Customers of GCB bank limited in the Saboba district of the Northern Region have been relieved of the risk involved in travelling to Yendi for their banking needs. The Saboba branch will bring banking services to the doorstep of customers in the area and other parts of eastern corridor of the Northern Region. The Saboba … Read more
BEIGE Capital Savings and Loans (BCSL) is to unveil a transformational core banking system upgrade which has the capacity to serve over two (2) million customers. The bank is currently at the final stages of rolling out a recent version of the T-24 Banking Software. The T24 project formally kicked off in February this year, … Read more
Nana Addo Dankwa Akufo-Addo, the President Elect of the Republic of Ghana is going to be recorded in the annals of Ghanaian history as the first Septuagenarian [someone between the ages of 70 to 79] President of the Republic until further notice. The youngest President of the fourth Republic is no other than His Excellency, … Read more
A post-Brexit UK-EU trade deal might take 10 years to finalise and still fail, Britain’s ambassador to the EU has privately told the government. The BBC understands Sir Ivan Rogers warned ministers that the European consensus was that a deal might not be done until the early to mid-2020s. He also cautioned that an agreement … Read more
President-elect Nana Addo Dankwa Akuffo-Addo has indicated that creating jobs and stabilizing the economy will be one of the major priorities as he prepares to assume office from January 7. In an interview with the BBC, Nana Akuffo–Addo said it is critical Ghana institute policies that can quickly help deal with an economy which he … Read more
Fidelity wants to stay true to its vision of being the best place to bank for its customers Fidelity Bank has introduced a dollar denomination of its flagship product, the Fidelity Lifestyle Investment Plan (FLIP) account. The move is part of its resolve to offer customers alternative products and services that give clients the opportunity … Read more
On December 1, 2015, First Capital Plus, an indigenous bank, embarked on a new journey. The very first step to mark the new forward-thinking approach and the vision to become the local bank of excellence for African markets was marked by rebranding from First Capital Plus Bank to Capital Bank. To actualise the corporate vision, … Read more
Policy think tank IMANI Ghana has listed some five key areas that it believes the new New Patriotic Party (NPP) government should tackle with urgency. IMANI Ghana in a statement copied citifmonline.com said the new government must immediately carry out a risk analysis of all government projects to ensure “political accountability.” The NPP presidential candidate, … Read more
Policy think tank IMANI Ghana has listed some five key areas that it believes the new New Patriotic Party (NPP) government should tackle with urgency. IMANI Ghana in a statement copied citifmonline.com said the new government must immediately carry out a risk analysis of all government projects to ensure “political accountability.” The NPP presidential candidate, … Read more