Category archives for: Finance

TEF Entrepreneurs Are Changing Lives Across Africa; From Job Creation to Poverty Alleviation

Accra, Ghana, November 28, 2018//-The Tony Elumelu Foundation 2015 – 2017 Progress Report that seeks to analyse the progress of the 3,010 beneficiary entrepreneurs who have completed the Tony Elumelu Foundation (TEF) Entrepreneurship Programme since its launch in 2015, revealed that the programme is making significant impact on the lives of individuals, countries,  governments, among […]

Ghana’s Total Banking Assets Hit GH¢106.3 Billion

Accra, Ghana, November 27, 2018//-Total assets of banks operating in Ghana have expanded significantly at the time that the Ghanaian economy is reported to be stabilising.

BoG: Deadline for Recapitalisation of Banks Remains Unchanged

Accra, Ghana, November 26, 2018//-Bank of Ghana (BoG) says the deadline for its GH¢400 million minimum capital requirement for banks operating in the country remains unchanged at end-year 2018.

Ghana Maintains Policy Rate for 3 Consecutive Times

Accra, Ghana, November 26, 2018/ -The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained its policy rate 17% for third time, citing disinflation pressures, pick up in global inflation and effects of the tight global financing conditions, among others.

Thousands of UBA Staff Across Africa Participate In Community Impact Day

November 25, 2018//-The UBA Foundation, the United Bank for Africa’s CSR arm has launched a UBA Community Service Day as it entrenched the “Each One Teach One” Initiative on Friday, 23 November 2018.

Bank of Tanzania Freezes Licensing of Forex Bureaus

November 22, 2018//-The Bank of Tanzania (BoT) has placed a moratorium on licensing of forex bureaus as the regulator moves to crack down on illegal operations and money-laundering.

Did Finance Minister Lie to Parliament on NIB and ADB Merger?

Accra, Ghana, November 21, 2018//-It appears that Ghana’s Minister of Finance, Ken Ofori Atta is taking the representatives of the people for a ride in his attempt to ‘kill’ the National Investment Bank Limited (NIB) and Agricultural Development Bank Limited (ADB).

Ecobank Announces Closure of $200 Million Syndicated Loan Facility

Lome, Togo, November 20, 2018/ — Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announced today the successful close of a $200 million syndicated loan facility.

Ghana EXIM Bank to Create 100,000 Jobs Within Three Years

Accra, Ghana, November 15, 2018//-The Ghana Export-Import (GEXIM) Bank, government’s principal export finance institution in the country has unveiled its three year strategic aimed at revamping the  private sector, by using an inclusive approach for the creation of 100,000 sustainable jobs in the country.

Ghana: Gov’t Takes Steps to Pay the Remaining DKM Customers

Accra, Ghana, November 15, 2018//-Government has also taken steps to settle almost all claims of DKM customers who lost their millions of savings in the collapse of the microfinance institution in 2016.

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