Anthony Jordan, Acting MD, HFC Bank Accra, September 6, 2017//-The management of HFC Bank Limited , a subsidiary of Republic Financial Holdings Limited of Trinidad & Tobago, operating in Ghana has finally allowed its staff to unionize under Ghana’s labour laws after several resistance.
Category: Banking & Finance
Opposition MPs: Finance Minister Flouts Corporate Banking Rules
Accra, September 5, 2017//-The Minority National Democratic Congress (NDC) in Parliament has expressed shock at another action taken by the Minister for Finance, Ken Ofori-Atta, which the MPs say is not only a usurpation of the role of the Board of Directors of a listed company- Agricultural Development Bank (ADB), but also a confirmation […]
After Ghana’s banking Takeover: How to Deepen Financial Inclusion the Cooperative Way
September 5, 2017//-The takeover of UT Bank and Capital Bank by GCB Bank came as a shock to some members of the banking community, making headlines in the newspapers of August 14 that reverberated beyond Ghana, but came as no surprise to key players in the local banking fraternity.
Digital Banking Blues: Ecobank Ghana Sacks 181 Staff
Accra, September 5, 2017//-Ecobank Ghana Limited, a subsidiary of Ecobank Transnational Incorporated (ETI) has sacked 181 outsourced staff as it continues to expand on its digital agenda which seeks to place banking in the hands of its clients.
RMB Research: IMF Bailout Extension Gives comfort to the Market
September 4, 2017//-South African based research firm, RMB Research, has lauded the government’s decision to agree an extension of the IMF bailout programme with Ghana, noting that it brings comfort and continuous fiscal discipline to the market.
South African Equities Set to End the Month at a New all-time High
September 4, 2017//-South African stocks are on track to close the month at a new all-time high, after trading in a sideways range for over two years.
4 African Currencies That Are Under Pressure In 2017
August 30, 2017//-The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result.
GSE Lifts Trading Suspension on Two Companies
Accra, August 29, 2017//-The Ghana Stock Exchange (GSE) has, with immediate effect, lifted the suspension in trading of the shares of Clydestone (Ghana) Limited (CLYD) and Transaction Solutions (Ghana) Limited (TRANSOL) that was imposed on the two companies.
SSNIT Saga: Advice on Backdating Payment of Software was Ignored
Accra, August 28, 2017//-Credible information reaching African Eye Report has revealed that management of the Social Security and National Insurance Trust (SSNIT) was advised against backdating payment for the Trust’s controversial software, but that advice was ignored.
Heritage Bank Asked Ghanaians to Repose Confidence in Local Banks
Kumasi, Ghana, August 25, 2017//-The Deputy Managing Director of Heritage Bank Limited, Mr. Peter Sangber-Dery has asked Ghanaians to repose their hopes in indigenous banks.