Category archives for: Finance

Celebrating UT Bank’s Prince Kofi Amoabeng

Mr Amoabeng

Accra, August 16, 2017//“Failure is so important. We speak about success all the time. It is the ability to resist failure or use failure that often leads to greater success. I’ve met people who don’t want to try for fear of failing.” – J.K. Rowling.

HFC Bank MD Steps Down to Take Up Ministerial Appointment

Robert Le Hunte, HFC Bank Ghana MD

Accra, August 15, 2017//-HFC Bank (Ghana) Limited, a subsidiary of Republic Financial Holdings Limited, has announced that its Managing Director, Mr. Robert Le Hunte, will be leaving the Bank after four  years of service to take up a Ministerial appointment in, Trinidad and Tobago’s Government.

BoG Probes UT, Capital Bank Directors Over Collapse of Banks

Governor of Bank of Ghana, Dr. Ernest Kwamina Yedu Addison

Accra, August 15, 2017//-The Bank of Ghana (BoG) has begun a forensic audit into the operations of the two insolvent banks, the UT and the Capital banks, and their directors to unravel the factors leading to their collapse.

Ghana to Announce New Minimum Capital for Banks

Ken Ofori-Atta, Minister of Finance

Ghana’s Minister of Finance, Mr Ken Ofori-Atta, has hinted of plans by the government and the Bank of Ghana (BoG) to announce a “substantial increase” in the minimum capital of banks.

National Bank of Kenya Partners with WorldRemit to Offer Instant Money Transfers

Remit

Nairobi & London, August 14, 2017 – Leading digital money transfer service WorldRemit and the National Bank of Kenya (NBK) have launched a major partnership to enable Kenyans living abroad to make instant transfers home.

Staff of UT and Capital Banks Cry over Possible Layoff

UT, Capital Bank

Accra, August 14, 2017//-The faith of staff of UT Bank Ltd and Capital bank Ltd, remains to hang in the balance as GCB Bank Limited begins the processes to takeover fully the assets and liabilities of these banks.

Bank of Ghana Explains Why Its Revoked UT Bank, Capital Bank Licenses

Governor of Bank of Ghana, Dr. Ernest Kwamina Yedu Addison

Accra, August 14, 2017//-The Bank of Ghana in a Q and A statement explained why it has withdrawn the licenses of two indigenous Ghanaian banks-UT  Bank and Capital Bank.

UT Bank, Capital Bank Collapsed?

BoG

Accra, August 14, 2017//-Bank of Ghana (BoG) has withdrawn the licenses of UT Bank and Capital Bank over severe capital impairment.

Digital Currency Could Spark African Financial Revolution

Digital Cash

August 12, 2017//-Cryptocurrency – or simply put, digital currency that uses cryptography as security – and blockchain, the technology it runs on, provide opportunities to reach sub-Saharan Africa’s largely unbanked population.

New First Deputy Governor of Bank of Ghana Named

Dr. Maxwell Opoku-Afari

Accra, August 8, 2017- The President, Nana Addo Dankwa Akufo-Addo, has appointed Dr. Maxwell Opoku-Afari as the First Deputy Governor of the Bank of Ghana.

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