The innovations by United Bank for Africa (UBA), in providing convenient banking platforms for individuals and businesses have received global endorsement and recognition.
Category: Banking & Finance
MP Battles BoG Over Exchange Rates Illegality
The Member of Parliament for Obuasi West and a Member of Parliament’s Finance Committee, Kwaku Kwarteng has warned about the implications of the irregular currency and exchange rate practices being perpetrated by the Bank of Ghana (BoG) would have dire consequences on the Ghanaian economy.
More Mergers Foresee In Ghana Banking Sector
A renowned Ghanaian banking consultant has projected more acquisitions and mergers in the sector following Fidelity Bank Ghana Limited’s 100 percent purchase of ProCredit Savings and Loans Company Limited this week. “The chances are that we are going to see more of that rather than less of that, for the simple reason that there are […]
Ecobank Gets Kenya’s Investment Bank License
EBI Investment Corporation Kenya Limited, a subsidiary of Ecobank Capital has been granted an investment bank license by the Capital Markets Authority (CMA) in Kenya. Ecobank Capital (registered as Ecobank Development Corporation) is the investment banking arm of the Ecobank Group, with operating offices currently in Abidjan, Accra, Lagos and Douala, including dealing membership of […]
Qatar Bank buys Ecobank Stake
THE Qatar National Bank (QNB) has bought a 12,5 percent stake in Ecobank Transnational Incorporated (ETI) in a transaction valued at US$ 200 million. This is the latest drive by the Doha-based bank’s drive to be the biggest bank in the Middle East and Africa by 2017. QNB bought the shares from the Asset Management […]
Ghana Bank Buys German Financial Firm
FIDELITY Bank Ghana Limited has completed the acquisition of ProCredit Savings and Loans Company Limited. This follows an agreement with ProCredit Holding Germany (PCH). Fidelity has purchased all the shares currently held by the two shareholders, PCH and the DOEN Foundation of the Netherlands. The objective of the proposed acquisition is to enable ProCredit Ghana […]
Meridian Marshall To List On GAX
Barring any last minute hitches, the Ghana Alternative Market (GAX) will see its first listing by the end of this year. Director-General of the Securities and Exchange Commission, Adu Anane Antwi tells Citi Business news ‘GAX will see its first listing by the beginning of the last quarter of this year’. This follows the submission […]
Misys urges Ghana on electronic banking
By M.A. Kunateh, in Accra, Ghana Senior Risk Advisor of Misys, a multinational software company headquartered in London, which specialises in software for banking, capital markets, lending, enterprise risk and investment management has urged Ghanaian banks to increase the deployment of electronic banking services to grow their businesses in the country. Bradley Ziff explained that […]
Access Bank Deepens Financial Inclusion
—Unveils Big Deal Campaign By Mashood A Kunateh Access Bank Ghana announced the launch of a campaign to encourage Ghanaians to save as part of their culture. This, the bank says, will go a long way to deepen financial inclusion in the country. According senior officials of the Access Bank, the campaign, which runs […]
Doctors Want Insurance Cover To Fight Ebola
The Ghana Medical Association (GMA) is demanding an insurance package in an event of an Ebola outbreak in Ghana. The insurance is to serve as motivation for health workers who will be tasked to treat affected patients. The association says the insurance should also come with the necessary protective gear needed to handle Ebola patients. […]