BANKS operating in the UK face extra tax payments worth hundreds of millions of pounds under rules enforced by Europe’s top court.
BANK of Africa (BoA) and Orange Money customers would be able to transfer money directly from their Orange Money account to their BoA account and vice versa simply with their mobile.
Ghana secured $2.9 billion worth of bids in Eurobonds issue from foreign investors, but held on to only one billion dollars.
FirstRand , South Africa’s largest bank by earnings and market capitalisation, hopes to set up a fully fledged bank in Ghana early next year and has R10.2bn in surplus capital to invest in its growing operations in countries such as Mozambique, Nigeria, Zambia and India.
Barring any last minute hitches the Bank of Ghana (BoG) will finally offload its shares in the Agricultural Development Bank (ADB) by the end of this year.
By Mohammed Awal in Accra, Ghana Ghana’s fight against money laundering and financing of terrorism has received a major boost following the commencement of a National Risk Assessment (NRA) workshop to set up a robust and resilient Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime in the country.