The launch of the ‘TSF Card’ by The Seed Funds (TSF) Savings and Loans Company has been welcomed by the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS)as a positive development that would bring convenience among other benefits to customers of that company. According to GhIPSS, “their customers now have access to ATMs of other … Read more
The Ministry of Finance has set a target to increase the country’s banked population from 58% to 75 % by the year 2020. In line with the target, the ministry will in June this year launch a National Financial Inclusion Strategy targeted at financial literacy, a key tool for financial inclusion. According to the ministry, … Read more
Opportunity International Savings and Loans Limited (OISL) has recorded an impressive growth in customer deposits in 2017. The financial institution has recorded deposit balances of GHS124.7 Million as compared to GHS136, 000 in 2004. The figures were disclosed as management held a ceremony to re-open the Berekum branch of the company. The branch serves a … Read more
ABii National Savings and Loans Limited, one of the leading non-bank financial services providers, has been voted the ‘Top Emerging Brand’ and ‘The Most Promising Savings and Loans Brand’ in Ghana in 2016. A citation accompanying the award said: “For having been voted the ‘Top Emerging Brand’ and ‘The Most Promising Savings and Loans Brand’ … Read more
OVER 50 Money Lending Businesses across the southern belt of Ghana have benefited from Opportunity International Savings and Loans Limited’s (OISL) Risk Management and Financial Reporting Training. The multiple award winning Savings and Loans Company acting according to one of their core objectives of imparting financial knowledge, held the training to improve the capacity of … Read more
Government’s bid to broaden the tax base to maximize its revenue will not yield the right results if revenue collection authorities keep to their intimidating and unfriendly approach, the Chief Executive Officer of Global Access Savings and Loans Company, Enoch Donkor has said. “When it comes to broadening tax net, I really would want government … Read more
Finance Minister, Ken Ofori-Atta has disclosed that initial interactions with a team of staff from the International Monetary Fund (IMF) has so far proved fruitful. An IMF team which is currently meeting with the government’s Economic Team is expected to discuss how the new government’s fiscal policies can be incorporated into requirements set by the … Read more
Managers of Bayport Financial Services have projected that a merger with CFC Savings and Loans will shoot the customer base of the company from 100,000 to 130,000. The merger which is yet to be approved by the Bank of Ghana(BoG) will move the company from financial services company into a savings and loans company. Speaking … Read more
Bayport Financial Services Plc is awaiting approval from the Bank of Ghana to merge its operations with sister company CFC Savings and Loans Limited. Mr Kofi Adu-Mensah, the Managing Director of Bayport Ghana Limited, who announced this, said the proposed merger would lead to a bigger entity. Speaking at the Facts Behind the Figures programme … Read more