The Central Bank of Kenya (CBK) is calling on banks to enhance audits of staff and business arrangements with third parties This comes in the wake of rising fraud in the sector. Governor Patrick Njoroge said on Friday that in securing customers, banks should not forget that most of the cyber security threats in the […]
Tag: cal bank
Why this Recent Collapsing of Banks at an Alarming Rate in Ghana?
It was not my intention today, Tuesday, 16 April 2019, to write about the collapse of financial institutions, thus banks and microfinance, in the country. However, the latest difficulties being faced by Paa Kwesi Nduom’s bank (G. N. Bank) to honour the payment of its depositors’ money when they call at the bank for withdrawals […]
CAL Bank obtains ISO 27001 certification
Mr Frank Adu Jnr — Managing Director, CAL Bank The CAL Bank is now ISO 27001-certified after successfully going through the necessary process to obtain the certification. The bank was presented with the certificate in Accra last Friday. The Managing Director of the bank, Mr Frank Adu Jnr, said the certification had come at a […]
Luv FM Women and Business Fair opens in Kumasi
Participants at the fair Women from all fields of endeavour have converged at the Kumasi City Mall for the LUV FM Women and Business Fair. The event, which ends on Sunday April 14,2019 is aimed at creating platform for women to share experiences and networking for enhanced empowerment . It is the first of its […]
Two remanded over alleged robbery
Accra, March 25, GNA – An Accra Circuit Court, presided over by Mr. Aboagye Tandoh, has ordered two men accused of robbery to be held in police custody. Ishmael Akyene and Daniel Akpan are facing additional charges of conspiracy, possession of firearms, money laundering and rape. They pleaded not guilty and would make their next […]
Here are 7 banks in Ghana which charge you almost nothing for ATM services
Ghanaian banks have for some years now have enjoyed strong growth rates and large profit margins. Here are 7 banks in Ghana which charge you almost nothing for ATM services The formal banking sector comprises the central bank (the Bank of Ghana) and a number of other banks, including commercial banks, development banks, merchant banks […]
CalBank receives ISO 27001 certification
CalBank is officially ISO 27001 certified. This achievement underscores the Bank’s digitization drive and commitment to information security in line with industry best practices. Speaking at the presentation of the ISO/IEC 27001 certification, Managing Director of Cal Bank, Frank Adu stated that “the fact that CalBank achieved this certification without any conformities is a testament […]
$40m needed to fill financing gap in Ghana agriculture sector – FAO
Dr Ade Freeman, African Regional Programme Leader of Food and Agricultural Organisation (FAO) of the United Nations, has said about $40 million is needed to fill the financial gap in the agricultural sector. He said there is a deficit in the sector and until that amount was amassed the sector would continue to lag behind. […]
Report shows that the growing number of transactions from mobile money operations is a threat to the future of banks in Ghana
mobile-money This is because these mobile money agents are projected to soon apply for digital banking licences. The Oxford Business Group (OBG) made this known in a report. Recently, the Bank of Ghana (BoG) revealed that the largest share of mobile money deposits in Ghana rest with Fidelity Bank, which in 2017 held around $108 […]
ATM charges: BoG report presents mixed results from banks
A report chronicling various charges on products and services offered by banks in the country has presented a mixed picture of ATM charges by the banks. The report – Bank Charges as at December 2018, covers the charges of 27 banks on various products and services. The report covers charges from current accounts, savings accounts, […]