This means that people who want to be set up to use QR Code can approach those banks for assistance Some nine banks are ready to provide Quick Response (QR) Code services to shop owners and other merchants, following the launch of the electronic payment service on Wednesday. This means that people who want to […]
Tag: cal bank
Nine banks ready for QR Code services
Some nine banks are ready to provide QR Code services to shop owners and other merchants, following the launch of the electronic payment service on Wednesday. This means that people who want to be set up to use QR Code can approach those banks for assistant. The banks are Ecobank, GCB Bank, Consolidated Bank Ghana […]
1.7 billion cedis disbursed to 172 companies under 1D1F – Trade Minister
The Minister for Trade and Industries, Alan Kyeremanten, says his outfit has partnered some financial houses to disburse 1.7 billion cedis to assist 172 companies under the One District One Factory initiative since 2017. As part of the country’s industrialization agenda, government has sought to facilitate development through private-public initiative. Speaking to Citi News, the […]
Banks take preventive measures to protect public from coronavirus
Some corporate bodies and business entities, especially banking institutions, in the country are putting safety measures in place to protect their customers and clients against coronavirus. This is in line with President Nana Addo Dankwa Akufo-Addo’s directive for corporate bodies and business entities to put safety measures in place to protect the citizens from the […]
Nine banks ready for QR Code services
Some nine banks are ready to provide QR Code services to shop owners and other merchants, following the launch of the electronic payment service on Wednesday. This means that people who want to be set up to use QR Code can approach those banks for assistance. The banks are Ecobank, GCB Bank, Consolidated Bank Ghana […]
‘Don’t blame NDC for banking sector crisis’ – Seth Terkper
Former Finance Minister, Seth Emmanuel Terkper Former Finance Minister Seth Terkper has discounted claims that the previous government’s negligence led to the collapse of many banks in the country. Mr Terkper in an interview with Kwame Minkah on Power 97.9 FM revealed that the National Democratic Congress (NDC) government made lots of sacrifices to save […]
Survey shows banks’ fees on retail loans hit 7.75% aside from interest charge
A retail loan is a facility offered to an individual by a commercial bank, a credit union, or a financial institution to purchase assets like property, vehicles, consumer electronics, etc. The BoG survey showed that commercial banks charge five different fees on loans given to their retail customers. The survey which looked at all charges […]
Banking stocks: Stanchart, Cal Bank register improved earnings
According to the 2019 full year financial result of Stanchart, profit went up 33% to GHS281 million Good times await the investing public as listed banks that have so far released their full year 2019 financial statement indicate a growth in their earnings. The Financial Stock Index suffered a setback in 2019 because of largely […]
EDITORIAL: Hefty penalties are a wake-up call for banks
The Central Bank of Kenya. FILE PHOTO | NMG The recent hefty fines imposed on five banks for failing to flag cash transfers linked to theft of funds at the National Youth Service (NYS) sends a strong message that the institutions must not relent in their delegated role of policing suspicious transactions. It is a […]
Rwanda: Why Rwandan Banks Operating Costs Are Going Up
Operating costs of local banks have been rising steadily in the last three years, statistics from the Central Bank show. In 2019, Rwandan banks incurred Rwf372.5bn in operating costs up from Rwf278.4bn in 2016. The largest driver of the rise in costs was interest expenses as the 16 local lenders have to borrow money at […]