Ama Sey The COVID-19 pandemic has halted many political activities in an election year which should have been bustling with political campaigns, election of candidates and all the euphoria associated with politics. But for this pandemic, the New Patriotic Party (NPP) would have elected its parliamentary candidates in constituencies where the party has sitting Members […]
Category: Ghana Business
Land Bank raising R3bn liquidity facility, restructuring debt
Photo by: Creamer Media Land Bank raising R3-billion liquidity facility. JOHANNESBURG (miningweekly.com) – The State-owned Land and Agricultural Development Bank of South Africa announced in an update on liquidity that it would be raising R3-billion and restructuring its debt. The bank, headed by CEO Ayanda Kanana , stated in a stock exchange news service (SENS) […]
CalBank appoints Joe Mensah as Board Chairman
Cal Bank Tower Mr Mensah takes over from Paarock VanPercy, who retired as Board Chairman on 30 June 2020. The new Board Chairman was appointed as a Non-Executive Director of CalBank effective January 1, 2020. Mr Mensah has over 35 years of experience in the banking sector. He was the Chief Executive Officer of Ghana […]
Businesses express mixed reactions on banks COVID-19 relief packages
Dr Joseph Ofori RELIEF packages provided by banks to cushion businesses from the impact of the coronavirus disease (COVID-19) have been met with mixed reactions from some business associations in the country. While some maintained that the relief packages provided by the banks had help to keep their members in business amid the pandemic, others […]
Dr. Harris Explains Role of Development Bank
Head office of the Development Bank of St. Kitts and Nevis on the corner of Church and Central Streets in downtown Basseterre. The Development Bank of St. Kitts and Nevis was established by Government to facilitate better coordination of Government policy initiatives to sectors that had previously been underserved by existing financial institutions, according to […]
COCOBOD, AfDB celebrate first $200m disbursement of loan to boost cocoa productivity in Ghana
Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across the globe. In attendance were […]
Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana
Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across the globe. In attendance were […]
Ecobank Group boss lauds Ghana’s handling of coronavirus crisis
Chief Executive Officer of the Ecobank Group, Mr Ade Ayeyemi has praised the leadership style of President Nana Addo Dankwa Akufo Addo in the country’s management of the COVID-19 health crisis. Mr Ayeyemi noted that “in terms of building capacity to be able to deal with the health crisis, I like the leadership exhibited by […]
Ecobank extends zero charge for money transfers
By Collins Nweze Ecobank has extended its zero charge for digital money transfers below N5,000 till the end of September. In addition to the free charge, users of Ecobank Mobile, Ecobank Online, and USSD – Ecobank *326# will enjoy zero charge for digital money transfers below N5,000. New customers can also benefit from this by […]
African Development Bank concludes R2 billion investment in Nedbank SDG-linked bonds
(AfDB) – The African Development Bank Group has concluded the investment of R2 billion (around $116 million) in Sustainable Development Goals-linked bonds (SDG bonds) issued by Nedbank South Africa. This investment, which is listed on the green bonds segment of the Johannesburg Stock Exchange, will strengthen Nedbank’s capital base and enable it to generate R12 […]