Ghana secured $2.9 billion worth of bids in Eurobonds issue from foreign investors, but held on to only one billion dollars.
Category: Banking & Finance
How Come Insurance On Credit?
By Mawuli Zogbenu It is for the good of everyone in the family that a mother would force a bitter concoction down the throat of a sick child’ – A Ghanaian proverb.
SA’s FirstRand To Open Bank In Ghana
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.
BoG To Offload Shares In ADB By Year End
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.
SEC, VRA Resume Capital Market Talks
The Securities and Exchange Commission (SEC) says it has restarted talks with Ghana’s Volta River Authority (VRA) to raise funds for its on-going and future projects on the capital market.
Ghana Deepens Fight Against Money Laundering
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.
UBA Outshines Rivals at The Banker Award
The innovations by United Bank for Africa (UBA), in providing convenient banking platforms for individuals and businesses have received global endorsement and recognition.
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 […]