AI-driven personalisation : A new era in Ghanaian banking services
AI-driven personalisation : A new era in Ghanaian banking services In the ever-evolving landscape of the financial industry, banks around the world are embracing cutting-edge technologies to enhance customer experience and meet the diverse needs of their clients. Creditably, banks in Ghana are welcoming this transformation. At the forefront of this digital transformation is Artificial […]
Data analytics critical to transforming banking industry – Stanbic Bank CE
Data analytics critical to transforming banking industry – Stanbic Bank CE Chief Executive-Stanbic Bank Ghana, Kwamina Asomaning, has emphasised the need for banks to adopt data analytics to transform the overall banking experience for customers. Mr. Asomaning made this remark at the maiden Ghana Automotive Summit, organised by the Automobile Assemblers Association of Ghana and […]
Banks Submit Re-capitalisation Plans — BoG
THE Central Bank says all banks whose capital were affected by the Domestic Debt Exchange Programme have complied with the directive to submit their recapilisation plans ahead of the September deadline set out under the IMF programme. These plans will now be reviewed by the central bank and finalised by the banks for final approval. […]
NIB’s viability under review — BoG
The Bank of Ghana (BoG) is in discussions with the government to assess the viability of a state-owned bank; the National Investment Bank (NIB). The discussions, which are expected to be concluded by next year, would determine the fate of NIB. Under the IMF programme, the BoG has committed to completing the remaining tasks […]
“We are all worried”- BoG Governor on hoarding of foreign currencies
“We are all worried”- BoG Governor on hoarding of foreign currencies The Governor of the Bank of Ghana, Dr. Ernest Addison, has expressed concern about the practice where some individuals hoard huge amounts of foreign currencies outside of the banking system. Responding to a question at the Central Bank’s Monetary Policy Committee press conference […]
Banks record considerable growth in profits after losses
The Modern Day Corporate Secretary Adapted And Published The Governance Consultant The role and responsibilities of the modern day company or board secretary have changed significantly. It is undisputable that the name falls short of the duties that fall in the scope of a modern day secretary. Traditionally, their role was one of a “note […]
Cedi to remain stable this week; gained 0.30% against dollar last week
Cedi to remain stable this week; gained 0.30% against dollar last week The Ghana cedi is expected to remain stable this week against the US dollar and the other major foreign currencies due to improving foreign exchange liquidity on the market. Last week, the local currency endured demand pressures but remained stable. It ended the […]
Total Mobile Money transactions hit ¢859bn in half-year 2023
Total Mobile Money transactions hit ¢859bn in half-year 2023 – BoG Total Mobile Money Transactions reached a record ¢859 billion in the first six months of 2023, data from the Bank of Ghana has revealed. This is compared with ¢480 billion during the same period in 2022. If the trend continues, the total mobile money […]
BoG hikes policy rate by 50 basis points to 30%
The Monetary Policy Committee of the Bank of Ghana has increased its Policy Rate by 50 basis points to 30%. This increment is targeted at stemming the rising inflation. Since November 2021, the Central Bank’s key lending rate has gone up by 15.5%. Despite the increase in the policy rate, lending rates are not expected […]
Most banks have purchased ‘bulletproof’ bullion vans
Most banks have purchased ‘bulletproof’ bullion vans – Governor The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has confirmed that the majority of banks in the country have complied with the directive to purchase ‘bulletproof’ bullion vans for transporting cash. This is coming after the Central Bank directed all banks to acquire […]