What do Ethiopia, Mozambique and Angola have in common? Well just under two decades ago, the stories that emerged from these three countries pretty much sum up the state of most of the African continent at the time.
The Governor of the Bank of Ghana, Dr Henry Wampah, has advised Small and Medium Enterprises (SMEs) to bring formality into their operations through addressing their governance weaknesses, improving record keeping and honouring obligations promptly to attract the services of banks.
The Minister of Financial and Allied Institutions at the Presidency, Mr Fifi Kwetey, has blamed the similarity of services and products in the local banking sector to lack of innovation among the banks.
The Chief Host of the Ghana Banking Awards, Mr Willing Vanderpuje, has called on banks in the country to strictly comply with ethics of the industry in order to uphold their integrity while protecting the investments of their shareholders and customers.
The issued ordinary shares of AGA increased to 382,812,185 as at June 30, 2012. This was as a result of the issue and listing of additional ordinary shares in June, 2012 on the Johannesburg Securities Exchange, South Africa.
The Republic Bank of Trinidad and Tobago has displaced the Social Security and National Insurance Trust (SSNIT) as the largest institutional shareholder in HFC Bank, raising fears of a possible takeover and subsequent rebranding of one of the country’s most established indigenous banks.
Five days from today, banks in the country will converge on the La Trade Fair ground in Accra for the 12th Ghana Banking Awards which is on the theme "Promoting Ethics, Integrity and Compliance in the Financial Services Industry”.
Merchant Bank Ghana Limited the pacesetter in the establishment of merchant banking, hire purchase and leasing financing in the country has contributed immensely to the economic development of the country over the last three decades.
The J A Plant Pool says it will bid for the state-owed Intercity STC Coaches Limited should government finalise plans to privatise it. Plant Pool, which distributes Chinese-made Yutong buses and other vehicles in the country, said the current state of STC, especially its infrastructure base, made it a viable venture hence the resolve to buy it should the opportunity arise.
Standard Chartered Bank has pledged its commitment to place its technical capability and expertise in the area of Public Private Partnership (PPP) at the disposal of the government to enable it to effectively carry out its PPP policy.
Business in the country received less credit from commercial banks and other financial institutions in the first quarter of this year compared to the amount given them in the same period last year, a survey by the Bank of Ghana (BoG) has found.