The 23 recapitalized banks are expected to register strong earnings this year, following an increase in their single obligor, paving way for big ticket transactions. According to a research by investment bank, Databank, the banking sector support for credit expansion and overall economic growth will trigger huge interest incomes and rapid deposit mobilization. It noted […]
The Governor of the Bank of Ghana (BoG), Dr Ernest Kwamina Yedu Addison, has indicated that, the Bank has been able to clean up the banking sector within two years, through a comprehensive reform agenda the Bank embarked on. At a press conference held in Accra on Friday, 4th January, 2019, Dr. Ernest Addison, explained […]
CAL Bank has announced with excitement its meeting the Bank of Ghana ¢400 million minimum capital requirement for all universal commercial banks. On December 28 last year, the Central Bank approved CAL’s request to transfer ¢50 million from income surplus to stated capital to attain the new minimum stated capital requirement. This follows the approval […]
Managing Director of Cal Bank, Frank Adu Jnr CAL Bank’s board of directors will meet shareholders on December 17 at an extraordinary general meeting (EMG) in Accra to obtain an approval to transfer GH¢50 million from its income surplus account to stated capital. The transfer is to help shore-up CAL Bank’s stated capital to GH¢400 […]
Some four banks, including CAL Bank Limited, are in a tussle for an opportunity to buy the local operations of Indian state-owned lender, Bank of Baroda Ghana Limited, after it decided to voluntarily liquidate its business and pull out of the country by December 31. Among the banks is the Sahel Sahara Bank, which is […]
Dr. Ernest Addison, BoG Governor Twenty-three commercial banks have met the GH¢400 million minimum capital requirement to escape the big axe of the Bank of Ghana (BoG) which has been sanitizing the country’s financial sector over the past 20 months. So far 11 banks, which were not able to cross the finishing line, have gone […]
The Ghana unit of Standard Bank of South Africa, Stanbic Bank Ghana Limited, has absorbed customers of the local subsidiary of Indian-state lender, Bank of Baroda under an arrangement that comes at no cost to the former. Multiple sources involved in the arrangement have told Graphic Online that the transaction was sealed in the tail […]
BoB The Bank of Baroda is voluntarily exiting Ghana by December 31, 2018. Sahel Sahara and CAL Bank are two of the four banks bidding to take over the bank. The Bank of Baroda had valued its net worth around GHC200 million Some four banks are bidding for an opportunity to purchase the local operations […]
Dr. Kofi Mensah The Agricultural Development Bank (adb) says it has been able to meet the GH¢400 million minimum capital requirement of the Bank of Ghana (BoG). The bank’s shareholders authorized the Board of Directors to raise a total of GH¢383 million in fresh and existing capital to enable the bank to meet the Central […]
Back in November, Visa, in partnership with some leading Ghanaian banks, announced the launch of Visa-on-mobile, its innovative mobile payment service in Ghana. Four Ghanaian banks, namely CAL Bank, Zenith Bank, Ecobank and GTBank which have either enabled Visa-on-mobile on their mobile banking applications and/or have acquired merchants to be able to accept the service. […]
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