CalBank PLC has announced the appointment of Joe Mensah as Non-Executive Chairman, effective July 1, 2020. 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 […]
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COVID-19: Central Bank urges MSMEs to spearhead economic recovery plan
– The Bank of Ghana has urged Micro, Small and Medium Enterprises (MSMEs) to employ creativity in their business dealings – Its Second Deputy Governor of BoG, Elsie Addo Awadzi, noted that the outbreak of the coronavirus has created an opportunity for them – She added that Ghana needed a strong and viable MSMEs sector […]
Ghanaian banks need a miracle to stay in business – Banking expert
– Philip Owiredu, managing director of CAL Bank, has expressed concerns about the possible performance of banks in Ghana in the second quarter of the year – According to him, it would take a miracle for the banks to remain in business – He explained that the outbreak of coronavirus has had a devastating effect […]
Banks will require ‘magic’ to perform better in 2nd quarter -CalBank MD
Mr Philip Owiredu BANKS in the country will require some magic to deliver a strong performance in the second quarter, the Managing Director of CAL Bank, Mr Philip Owiredu, has stated. He said if COVID-19, which was serious in just one month in the first quarter, could have a negative impact on the performance of […]
Coronavirus: Customer expectations will grow, but other things will stay constant – Expert
File photo The coronavirus pandemic is hastening the drive towards robust and hassle-free digital financial services. As banks speed up the deployment of digital technologies and products in response to this new normal in banking, keeping the customer well-served to maintain their loyalty is vital for competitive success. Although the benefits of digital technologies, in […]
Trading Activities On GSE Increase By 147 Per Cent In May
Trading activities on the Ghana Stock Exchange (GSE) picked up in May this year despite the bite of the novel Coronavirus on markets and the global economy. A summary of May 2020 trading activities released by the GSE said trading activities on the local bourse jumped in May with a 147 per cent increase over […]
Al Hilal, 2 others chase former Ghana coach Kwasi Appiah
In demand: Former Ghana coach, Kwasi Appiah Sudanese champions, Al Hilal, have launched a frantic bid to secure the services of former Black Stars coach, Kwasi Appiah, to enhance their continental campaign next season. He, however, disclosed to Graphic Sports Online on Thursday that though the Sudanese giants were keen on signing him on immediately, […]
Former MD of CAL Bank talks leadership, life and banking on the Y Leaderboard series
Ghana’s supreme urban radio station, Y107.9FM has taken edutainment to a whole new level with the all-new Y Leaderboard Series segment on the Myd Morning radio show hosted by Rev Erskine. The ‘Y Leaderboard Series’, which hosts leaders and achievers in various industries globally seeks to develop and provide inspiration to the youth. The immediate […]
Ghana: Capital Bank Collapse – AG Rejects Ato Essien’s Proposal to Refund Gh¢ 27.5 Million
Trial of William Ato Essien, who is charged with three others for allegedly playing various roles leading to the collapse of Capital Bank, is set to continue on July 9, in spite of ongoing refund negotiations between counsel for the accused and the prosecution. Three weeks ago, lawyers for Mr Essien who is the former […]
Bank of Ghana must temporarily support govt budget -IEA
Dr John Kwabena Kwakye, Director of Research at the Institute of Economic Affairs The Institute of Economic Affairs (IEA) has urged the Bank of Ghana to amend its Act which requires zero financing of government budget to enable it to temporarily support the budget of government in these difficult times. The institute believes the central […]