Category archives for: Banking & Finance

Prof Gatsi Urges BoG to Demonstrate its Readiness to Embrace Islamic Banking

Accra, Ghana, September 29, 2019//-A renowned Ghanaian economist, Professor John Gatsi has urged the Bank of Ghana (BoG) to demonstrate its readiness to create regulatory window, supervisory structure and corporate governance adjustments, and create the roadmap flexible enough to embrace Islamic banking in the country.

Kenyans Rush to Swap Banknotes as Cash Ban Looms

September 29, 2019//-Last week a man walked into a Nairobi car yard and paid for a luxury Mercedes with a mountain of 1,000 shilling ($10) banknotes, desperate to offload cash that within days would be worthless.

UBA Ghana Launches 6th National Essay Competition for SHS Students

Accra, Ghana, September 27, 2019//-The United Bank for Africa (Ghana) has launched the sixth edition of its National Essay Competition aimed at funding Senior High School (SHS) students in any University of choice in Africa.

Justification For Merger and Nationalisation of Indigenous Banks

Accra, Ghana, September 27, 2019//-The oldest bank in the world still in existence is Banca Monte dei Paschi di Siena, headquartered in Siena, Italy, which has been operating continuously since 1472 and has not been merged with any bank since inception.

Managing Capital Could Provide a $680bn Annual Windfall for Financing 2030 Agenda

September 27, 2019//-UNCTAD’s Trade and Development Report 2019 makes proposals on how to regulate private capital and channel it into long-term productive investment with social and developmental public priorities.

From Stablecoins to Central Bank Digital Currencies

September 27, 2019//-As privately issued stablecoins continue to encroach on more traditional forms of money—like cash and bank deposits—policymakers will not simply look on from the sidelines.

KCB Staff Fraud Nearly Triples as 894 Cases Reported

Nairobi, Kenya,September 27, 2019//-KCB Group  says internal fraud attempts hit 894, nearly tripling from previous year’s 574 cases, pointing to the rising threat posed by staff on customer deposits.

Zenith Sets New Standards for Ghana’s Banking Industry

Accra, Ghana, September 24, 2019//-Zenith Bank is setting new standards for Ghana’s banking industry to the benefit of the banking public, industry regulators and the state.

UBA Ghana Organizes Another “Jogging to Bond” Exercise

Accra, Ghana, September 20, 2019//-UBA Ghana organized its quarterly “Jogging to Bond” exercise on 14th September, 2019. The motivation behind organizing games like this, is to bring together all staff of the bank as one family and to put them in good shape.

Utility Tariff Hikes, Transport Fares Push Ghana to Maintain Policy Rate

Accra, Ghana, September 20, 2019//-The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained its policy rate 16% for second consecutive times, citing emerging pressures coming mainly from the recent upward adjustment of utility tariffs, ex-pump prices and transport fares.

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