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 […]
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 […]
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 […]
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 […]
—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 […]
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. […]
Foremost insurer, SIC Insurance Company Limited has bounced back to making profit. The company posted a profit before tax of GHc 12,832,687 in 2013, a feat described by the Chairperson of the company, Mrs. Felicity Acquah as a positive indicator for shareholders. “However, as a result of the huge debt write-off of GHc 7,976,682 and […]
By Mashood A Kunateh in Accra, Ghana Total assets of banks operating in Ghana have risen significantly at the time that the Ghanaian government is lacing its boots to go for International Monetary Fund’s (IMF’s) bailout. From January to May 2014, the banking sector remains sound and continues to expand, evidenced by strong asset growth, […]
