Unibank’s sponsorship deal with Black Stars hangs by a thread after the indigenous bank was declared insolvent by the Bank of Ghana on Tuesday. In November 2016, Unibank renewed its partnership with the Ghana FA by signing a three-year-deal worth US$ 1.2m. The Bank of Ghana has appointed audit firm KPMG as Official Administrator aimed … Read more
News broke this morning [Monday, August 14, 2017], that the Bank of Ghana (BoG) has revoked the licences of UT and Capital banks from operating as independent commercial banks in Ghana; a development that literally means the two banks have been closed down! The news has since triggered a level of worry and anxiety among … Read more
With barely two weeks to the opening of the 2017 edition of the Pan-African Historical Theatre Festival, (PANAFEST), GCB Bank Limited has joined the crop of corporate institutions determined to ensure that the 25-year-old Pan-African cultural forum regains its glamour with a donation of Ghc 75,000.00. Mr. Anselm Ray Sowah, Managing Director of GCB Bank … Read more
Citi Business News can confirm that the board of indigenous bank, uniBank has appointed Dr. Kwabena Duffour II as its new Managing Director. A letter cited by Citi Business News signed by the Chairman of the Board of Directors, Mr. Opoku-Gyamfi Boateng stated that the appointment takes effect from the 1st of June, 2017. Prior … Read more
A delegation from UT Bank led by the Chief Executive Officer, Mr Stephen Antwi-Asimeng, has paid a courtesy call on President Nana Addo Dankwa Akufo-Addo. The team congratulated the President on his assumption of office and shared with him the ongoing transformation taking place in the bank. They discussed the current economic conditions in the … Read more
The Managing Director of the Agricultural Development Bank (ADB), Mr. Daniel Asiedu has pledged the Bank’s continued support to activities marking the country’s 60th Independence anniversary celebration. Mr. Asiedu who presented a cheque for GH¢100,000.00 (One Hundred Thousand Ghana Cedis) to Mr. Ken Amankwah, Chairman of the Anniversary Planning Committee revealed that the donation was … 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
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
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
Dr. Papa Kwesi Nduom has commissioned a branch of GN Bank at Mankranso in the Ahafo Ano South West District of the Ashanti Region. Commissioning the new branch, Dr. Nduom encouraged the people to see the bank as an indigenous bank, that is there to help the Ghanaian economy and help develop their financial capabilities. “GN Bank … Read more
GN Bank has opened a new branch at Mankraso in the Ahafo Ano South district of the Ashanti Region. Groupe Nduom Chairman, Dr Papa Kwesi Nduom, at the inauguration of the new bank building on Monday, November 28, encouraged the people to see the bank as an indigenous bank ready to help the Ghanaian economy … Read more
Universal Merchant Bank (UMB Bank) on Thursday, introduced three additional VISA Cards to give its customers more options in carrying out their transactions. The new VISA Cards are UMB VISA Prepaid Card, the UMB VISA Business Card and the UMB Platinum Card. As one of Ghana’s most customer centric banks, UMB Bank partnered with Visa … Read more
Capital Bank has opened an ultra-modern branch on the Harper Road in Kumasi, as it seeks to increase its offering to the public in the Ashanti regional capital. “The new branch is part of Capital Bank’s strategy of rolling out world class branches with a strong African identity in line with the Bank’s vision of … Read more
Capital Bank has opened an ultra-modern branch on the Harper Road in Kumasi, as it seeks to increase its offering to the public in the Ashanti regional capital. ‘’The new branch is part of Capital Bank’s strategy of rolling out world class branches with a strong African identity in line with the Bank’s vision of … Read more
The latest Annual Percentage Rates (APR) and Average Interests (AI) on deposits report released by the Bank of Ghana shows that the average minimum interest rates that can be charged on loans and advances by commercial banks in the country has increased marginally between May and September this year. The figure increased from 27.5 percent … Read more
Ghana’s biggest indigenous bank, GN Bank, has added another branch to its outlets bringing its number of branches to 269. The Yesunkwa branch, which is near Elmina in the Central Region including other branches of the bank, makes it the only universal bank in the country with the largest number of branches in Ghana. Unveiling … Read more
The current Board of the largest indigenous bank, GCB, is facing credibility crisis following revelations that it sanctioned several huge loans without the requisite collateral from some influential clients. According to sources, the Board led by Daniel Owiredu has succeeded in approving ‘uncollateralized’ loans to cronies, putting the bank’s finances in awkward positions . Even … Read more