Category archives for: Banking & Finance

Zimbabwe Bans Banks From Processing Payments For Cryptocurrencies

May 14, 2018//-Reserve Bank of Zimbabwe says it has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin.

Ghana: Indigenous Banks Want More Time to Pay $88.5 Million Minimum Capital

Accra, May 14, 2018//-The ten indigenous universal banks in Ghana are asking President Nana Addo Dankwa Akufo-Addo to impress upon the Bank of Ghana (BoG) and the Economic Management Team (EMT) to give them five years to pay up the GHC400 million (($88.5million) minimum capital requirement (MCR).

Ghana’s Capital Market Regulator Investigates 10 Fund Managers

Accra, Ghana, May 12, 2018//-The Securities & Exchange Commission (SEC), Ghana’s capital market regulator has commenced investigations into the activities of 10 licenced fund managers in the country.

Barclays Bank Ghana MD Bows Out

Accra, May 12, 2018//-Managing Director (MD) of Barclays Bank Ghana, Patience Akyianu has resigned.

Barclays Chief Executive Fined £642,000 Over Whistleblower Scandal

May 11, 2018//-The Barclays chief executive, Jes Staley, has been fined £642,430 by City regulators over his attempts to unmask a whistleblower, and the bank has also clawed back £500,000 of his bonus over the matter, according to Theguardian.com.

EBRD in Innovative Partnership with Bank Al Etihad in Jordan

May 10, 2018//-In order to strengthen the competitiveness of Jordanian companies through improved access to finance, the EBRD and Bank al Etihad in Jordan are joining forces under a US$ 20 million risk-sharing agreement.

EBRD to Step Up Investments in Support of 2030 Dev’t Agenda

May 10, 2018//-The  European Bank for Reconstruction and Development (EBRD) expects to scale up its activities in support of global development goals, even after another year of record investments in 2017, the Bank’s President, Sir Suma Chakrabarti, said.

Open Letter to BoG Governor: Don’t Make Ghanaians Spectators of Finance Industry

Hello Dr. Governor,

Which Bank is Next to Go Down after Sovereign Bank?

Accra, May 8, 2018//-The crisis in the banking sector in Ghana has been known for some time now – at least, for more than six years. But the biggest question has always been what was being done to forestall the crisis from blowing up into major banking catastrophes leading to collapse of banks with its […]

UBA Introduces Master Pass Quick Response Bot in Partnership with MasterCard

May 7, 2018//-Pan African financial institution, United Bank for Africa (UBA), has again disrupted the e-payment space with the introduction of Master Pass ‘Quick Response’ (QR) Bot.

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