Category: Finance

Across Africa, all banking and payment channels are showing positive growth – from ATM usage through to mobile wallets.

Accra, Ghana//-The Bank of Ghana (BoG) today directed all banks and all Specialized Deposit Taking Institutions (SDIs) to abolish unfair fees, charges and other practices in the banking sector.

Accra, Ghana//-UBA Ghana has donated boxes of various African Literature Books to four Senior High Schools to commemorate the 2021 International Day of the African Child.

Azimo, the digital money transfer service, is offering a fee-free transfer for all senders on June 16, the UN’s International Day of Family Remittances, after remittance volumes in 2020 beat expectations.

More than half of millennials are happy to switch to or already have a digital-only bank, reveals a new poll from one of the world’s largest independent financial advisory and fintech organisations.

The National Executive Council (NEC) of the Civil and Local Government Staff Association, Ghana (CLOGSAG) has expressed worry over the unauthorized transfer of funds from contributions of its members into the accounts of Public Sector Workers Employer’s Pension Scheme (PSWEPS), a temporary pension scheme set up by the Finance Ministry in 2017.

Accra, Ghana//-The Bank of Ghana (BoG) has declined an invitation to appear before Parliament to assist it with investigations over the revocation of the banking licenses of Unibank and UT Bank.

Kasoa, Ghana//-The United Bank for Africa (UBA) Ghana Ltd has opened a new Business Office in Kasoa to offer seamless banking services to businesses and individuals in the Kasoa municipality of the Central Region.

London, UK , FT – The UK’s financial watchdog has warned that a “high” number of crypto businesses are not meeting anti-money laundering standards, underscoring the gulf between regulators and many digital asset groups.

Kumasi, Ashanti Region//-United Bank for Africa (UBA) Ghana has opened a new Business Office in Kumasi, as part of its plans to reach the unbanked while offering innovative banking services to traders and businesses at the newly redeveloped Kejetia Central Market.