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Communications Ministry, other parties to sign MoU on MoMo data to Kelni GVG

Ursula Owusu Ekuful - Communications Minister

The Communications Ministry says it has reached an agreement with the Finance Ministry, Bank of Ghana and the National Communications Authority on which aspects of mobile money data will be released to Private Contractor, Kelni GVG. The Communications Ministry last year requested that the BoG released volumes and values of mobile money transactions to Kelni GVG to enable the company ...

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Inflation for January drops to 9%; lowest in 5 years


Ghana’s inflation reached its lowest in five years for the month of January. Inflation rate dropped to 9 percent, from the 9.4 percent recorded in December 2018. The rate of 9.0% is the lowest since January 2013. The drop was largely consistent with the inflation trend recorded in January for the last 5 years. The announced inflation figure means that ...

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How your bank charges you for processing your salary

bog microfinance

As at the end of December last year some banks in the country charged no fee for some major services, while other services attracted substantial fees. Getting your personal salary processed in some banks in the country would have cost you as high as GHC 24 cedis, while others would have charged you nothing as salary processing fee. Available figures ...

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Only ten percent of Unibank’s debts were recoverable – KPMG report


It has emerged that over ninety percent [90%] of defunct Unibank’s loan books was non-performing as at March 2018. According to the Official Administrator’s report, Unibank had 3.4 of the 3.73 billion cedis, non performing; a development which affected the performance of the bank. The Official Administrators, KPMG were made to assume the management of the defunct Unibank following the ...

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Anthony Jordan retires as MD of Republic Bank Ghana; new leader appointed

Farid Antar, New MD, Republic Bank Ghana

Mr. Anthony Jordan currently Managing Director of Republic Bank (Ghana) Ltd will retire from the Bank on April 17, 2019, after a distinguished career spanning over thirty-five (35) years of service. He started work in Ghana in 2015, coming from Trinidad and Tobago. Mr. Farid Antar, has been appointed Managing Director of Republic Bank (Ghana) Ltd, effective April 17, 2019 ...

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Stanchart urges investors to focus on bonds in 2019


Standard Chartered Bank Ghana as part of its outlook for 2019 has urged investors to focus largely on bonds to reap the best returns. Engaging the media on the Bank’s 2019 Global Outlook and its Wealth Offerings in Accra, Head of Wealth Management at the Standard Chartered Bank, Setor Quashigah called for prudent investment which is heavy on bonds to ...

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GCB Bank adjudged the best bank in CSR


GCB Bank has been adjudged the best Bank in Corporate Social Responsibility (CSR) activities for the year 2018. According to a research conducted by the Centre for Media Analysis (CMA), a private and independent media and communication research agency, GCB’s CSR projects targeted and made positive impact on the life of people, communities and the country. Out of 19 banks ...

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SG Ghana targets 7 percent banking market share in short term


After meeting the minimum capital requirement of 400 million cedis, the Managing Director of Societe Generale(SG), Ghana Hakim Ouzzani has told Citi Business News the bank is aiming to increase its market share to 7 percent. This he says will enable the bank expand its operations in the Small and Medium Enterprise sector. Speaking to Citi Business News after the ...

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NIC developing new system to check car insurance electronically

Justice Ofori - Commissioner of Insurance

The National Insurance Commission (NIC) has indicated that it is developing a database that will allow motorists check the authenticity of insurance stickers instantly. This, according to the  Commission,  is to rid the system off fake insurance stickers which the organization says has become common on the market. “It is a system that the commission wants to introduce in collaboration ...

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