Banks in Ghana recorded a staggering 224.6% growth in profit to GH¢8.3 billion in 2023, an indication of a rebound from the Domestic Debt Exchange Programme-related losses posted in 2022.
Category: Finance
Bank Of Ghana Suspends GT Bank, FBNBank Over Foreign Exchange Breaches
Accra, Ghana//-Bank of Ghana (BoG) has suspended the Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited (FBN), effective 18th March 2024.
Ghana: 500 Women Entrepreneurs to Benefit From DBG’s GH₵1bn Funding
Accra, Ghana//-The Development Bank Ghana (DBG) has emphasised its commitment to supporting the growth and development of women entrepreneurs in the country.
Private Markets: A Slower Era
If 2022 was a tale of two halves, with robust fundraising and deal activity in the first six months followed by a slowdown in the second half, then 2023 might be considered a tale of one whole.
Tony Elumelu’s Passion For Enriching Lives
A popular banker, Tony Elumelu, is one man who has risen to the top of his career and has also made it a point of duty to lift the younger generation with him through his entrepreneurial grants and other empowerment initiatives.
Ivory Coast’s Successful Eurobond Issuance Raises Hopes For Easing Africa’s Funding Squeeze
For almost two years, the Sub-Saharan African economies have not received financing from international bond markets. Last week, there was a positive turn, as Ivory Coast successfully issued two Eurobonds. This raises hopes that the financing and debt crisis in Sub-Saharan Africa will begin to ease.
Is Voice Biometrics in Banking Secure Enough
Cape Town, South Africa, January 29, 2024/ — Apart from going into a branch, calling a bank feels more human for digital-shy consumers. For many, it is the first port of call for making account changes or moving large sums of money.
‘Ghana Would’ve Filed For Bankruptcy If It Were a Company’ – Togbe Afede
The Agbogbomefia of Asogli, Togbe Afede XIV, has raised concerns about Ghana’s financial conditions, comparing it to a company that would have filed for bankruptcy.
Ghana Banks Wrote off ¢3.19bn as Bad Debt in October 2023
Accra, Ghana//-Banks wrote off ¢3.19 billion as bad debt in October 2023, a 9.5% growth year-on-year, the Domestic Banks Income Statement published by the Bank of Ghana revealed.
World Bank Appoints New Country Director for Ghana, Liberia and Sierra Leone
Accra, Ghana//—The World Bank has appointed Robert Taliercio O’Brien as Country Director for Ghana, Liberia, and Sierra Leone in the Western and Central Africa Region. His appointment takes effect from January 2nd, 2024, and he will be based in the World Bank’s Accra Office.