Category archives for: Finance

Deutsche Bank to Cut More Than 7,000 Jobs

May 24, 2018//-Deutsche Bank has said it will cut more than 7,000 jobs as Germany’s biggest lender attempts to return to profit.

Nigeria: Analysts Differ on Retention of 14% MPR

Nigeria, May 233, 2018//-Analysts have taken different positions on the retention of the Monetary Policy Rate (MPR) at 14% by the Central Bank of Nigeria (CBN).

Uganda Struggles to Meet Fiscal Deficit Target Ahead of Monetary Union

May 23, 2018//-Uganda plans to reduce investment in infrastructure in an effort to reduce its fiscal deficit in the run-up to joining the East African Monetary Union in 2024.

East African Banks Outshine Rivals in African Banker Awards

Busan, South Korea, 22 May 2018//-Winners of the 2018 African Banker Awards have been announced at a prestigious Gala Dinner in Busan, South Korea.

Ghana Reduces Key Policy Rate

Accra, Ghana, May 21, 2018//-The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) today reduced its policy rate from 18 percent to 17 percent.

Managing the Risks of a Rising Dollar

Some may view the US dollar’s appreciation as consistent with a longer-term rebalancing of the global economy. But, as Argentina’s recent request for IMF financing starkly demonstrates, a sharp and sudden dollar appreciation risks unbalancing things elsewhere. Newport Beach, May 16, 2018// – Argentinian President Mauricio Macri’s government has asked the International Monetary Fund for […]

Increasing Minimum Capital Requirement is not the Panacea to Addressing Ghana’s Banking Sector Woes

Accra, Ghana, May 15, 2018//-With just six months to the deadline of the GHC400 million ($88.5million)  minimum capital requirement (MCR) by the Bank of Ghana (BoG), economists, bankers, banking analysts and political commentators are yet to come terms with the rationale behind the increase.

Zimbabwe Bans Banks From Processing Payments For Cryptocurrencies

May 14, 2018//-Reserve Bank of Zimbabwe says it has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin.

Ghana: Indigenous Banks Want More Time to Pay $88.5 Million Minimum Capital

Accra, May 14, 2018//-The ten indigenous universal banks in Ghana are asking President Nana Addo Dankwa Akufo-Addo to impress upon the Bank of Ghana (BoG) and the Economic Management Team (EMT) to give them five years to pay up the GHC400 million (($88.5million) minimum capital requirement (MCR).

Barclays Bank Ghana MD Bows Out

Accra, May 12, 2018//-Managing Director (MD) of Barclays Bank Ghana, Patience Akyianu has resigned.

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