Category archives for: Banking & Finance

Ghana: Kantamanto GCB Bank Branch Gutted By Fire

Accra, Ghana, November 28, 2020//-The Kantamanto branch of the GCB bank in Accra has been gutted by a fire which started around 11 am on Saturday, 28, November 2020.

Why Ghana Needs a New Financial Sector Regulation Architecture

Accra, Ghana, November 26, 2020//-Ghana’s financial sector is in crisis. A crisis occasioned by the collapse of over 300 financial institutions; and which has affected every division of the financial sector.

Genevieve Duncan Obuobi Graduates with Doctorate of Business Admin from Swiss Business School

Accra, Ghana, November 22, 2020//-Mrs Genevieve Pearl Duncan Obuobi, a seasoned Ghanaian banker on Saturday graduated with Doctorate in Business Administration (DBA) from the Swiss Business School (SBS).

Belgium Confers Highest National Honour on African Philanthropist, Tony Elumelu 

November 19, 2020//-The Kingdom of Belgium has conferred the honorary distinction of Officer in the Order of Leopold, the country’s oldest and most important National Honour, on Africa’s leading investor and philanthropist, Tony O. Elumelu, CON, in recognition of his commitment to poverty eradication and the economic empowerment of young Africans.

Research: Increase Investment in Africa or Risk Missing the UN’s SDGs Deadline

Dubai, United Arab Emirates, November 17, 2020/ — A Standard Chartered survey conducted between July and August 2020, amongst a panel of the world’s top 300 investment firms with total assets under management (AUM) of more than $50 trillion*, found that only 3 per cent of their AUM is invested in Africa.

UBA Deepens Retail Products, Services through Digital Channels across Africa

Lagos, Nigeria, November 16, 2020//-Pan African financial services institution, United Bank for Africa (UBA) Plc has deepened its retail products and services with an aim to delivering services aimed at meeting the needs of its customers across Africa.

No Reprieve for Nigeria’s Chronic Loan Defaulters

November 12, 2020//-After pushing banks to create N3.5trn ($9.06bn) of new lending in one year and seeing a spike in non-performing loans, the Central Bank of Nigeria enacted the Global Standing Instruction, which empowers banks to debit accounts of chronic loan defaulters in any bank within Nigeria.

Bullish Global Stock Markets Are Being Premature Over Vaccine Optimism

November 9, 2020//-Global stock markets are “overthinking the positive vaccine news,” warned the CEO of one of the world’s largest independent financial advisory and fintech organizations.

Prof Gatsi Asks BoG, Others to Embrace Islamic Banking As Alternative Model

Accra, Ghana, November 7, 2020//-Professor John Gatsi of the University of Cape Coast (UCC) has asked the regulatory institutions such as Bank of Ghana (BoG), Securities and Exchange Commission (SEC), National Insurance Commission (NIC) to embrace the risk-free Islamic banking as an alternative financial model in the country.

Ghana: Stakeholders In Banking Sector Intensify Efforts to Reduce Money Laundering

Accra, Ghana, November 6, 2020//-Stakeholders in Ghana’s banking sector are advocating for more support from various sectors of the economy to tackle money laundering in Ghana.

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