Category archives for: Finance

UBA Extends Africa Footprint, Begins Full Operations in Mali

February 7, 2019//-The pan African financial institution, United Bank for Africa (UBA) Plc commenced full banking operations in Mali, extending its footprint and fulfilling the aspiration of deepening banking penetration in Africa.

UBA Expands Operations to Mali

February 6, 2019//-Pan African financial institution, United Bank for Africa (UBA) has opened a new branch in Mali as it expands in the African region where it already operates in a dozen countries.

Ghana: UMB Bank Board Confirms CEO’s Resignation

Accra, Ghana, February 2, 2019//-The Board of UMB Bank (UMB) has confirmed the resignation of the bank’s CEO, John Awuah in a short press release.

Standard Chartered Begins 2nd Phase of Digital-only Retail Banks Across Africa

Dubai, United Arab Emirates, January 31, 2019/ — Standard Chartered today announced the start of the second phase of its digital-only retail bank across Africa.

Bank of Ghana Cuts Key Policy Rate to 16%

Accra, Ghana, January 28, 2019//-The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced its policy rate from 17% to 16%, citing the decline in inflation, immediate risks to the disinflation path, among others.

Davos: Africa Boosts Free Trade While Global Barriers Go Up

A new African free trade area could be just weeks away as the last few countries ratify an agreement signed last year. The plan to boost intra-African trade by half is gaining much attention in Davos this year. Davos, Switzerland, January 25, 2019//-When you ask Tony Elumelu if Africa would profit from free trade, the […]

Societe Generale Sells South African Unit to ABSA

January 18, 2019//-French bank Societe Generale said on Friday it agreed to sell its South African unit offering custody, trustee and clearing services to South Africa-listed bank ABSA as part of a strategy to review its scope of businesses.

Ghana: How Former Deputy Governor was Smoked Out of BoG by Finance Minister  

Accra, Ghana, January 17, 2019//-Former 2nd Deputy Governor of the Bank of Ghana (BoG), Dr Johnson Asiama has made a very shocking revelation on why he “resigned from the central bank”.

Prof Gatsi: GAT Created to Capture Local banks 

Accra, Ghana, January 11, 2019//-A renowned economist and Professor at the University of Cape Coast (UCC), John Gatsi, has observed that the Ghana Amalgamated Trust (GAT) was created to capture the five struggling local banks it is being investing in.

Ghana’s Banking Sector Reforms From Another Perspective

January 10, 2019//-Last week the statutory regulator of the banking sector, the Bank of Ghana closed down two additional universal banks and announced 23 banks as fit for operating in the country.

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