The Trust’s investments in banks stood at GH¢1.76 billion as of December 2020 • Ecobank has presented GH¢28.8 million dividends to SSNIT for the 2020 year despite the impact of COVID-19 on banks • The Trust’s investments in banks stood at GH¢1.76 billion as of December 2020 • With 16.21% shares, SSNIT is the second-largest […]
Tag: ecobank ghana
Ecobank Ghana records GH¢549m profit in 2020
The Ecobank Ghana PLC recorded a net profit of GH¢549.8 million in 2020 as against GH¢444.9 million in 2019, representing an increase of 24 per cent. Customer deposits also rose from GH¢99.7 billion in 2019 to GH¢11.8 billion, an increase of 21 per cent. Mr Terence Ronald Darko, the Board Chairman of the Bank, disclosed […]
Hubtel launches Ghana’s first ever self-service myGhQR.com portal
Ghana’s direct bank-to-any-account contactless payment service myGhQR.com has been officially launched by leading payments service provider, Hubtel , in collaboration with Ghana Interbank Payments and Settlement Systems (GhIPPS). myGhQR.com is Ghana’s first-ever self-service portal to enable direct bank-to-bank transfers. The service eliminates the need of paying in cheques or using a POS card machine or […]
Ecobank attributes 30-year achievements to right governance, work culture, others
Ghana’s biggest bank, Ecobank Ghana has been touting its achievements since beginning banking business some 30 plus years ago as then a merchant bank. The first quartile bank which is now the most profitable in the banking industry is attributing its sterling performance through enhanced work culture, right governance principles and adherence to its vision […]
Digital infrastructure propel Ecobank growth
Commercial lender, Ecobank Ghana said it had scaled through the downside effects of the COVID-19 pandemic to post a 17 per cent revenue growth propelled by a robust digital infrastructure. Managing Director of the bank, Mr Dan Sackey said in a post AGM virtual news conference that the bank relied on alternative income sources to […]
Ecobank Ghana records net profit of ¢549m in 2020
The Ecobank Ghana PLC recorded a net profit of ¢549.8 million in 2020 against ¢444.9 million in 2019, representing an increase of 24 per cent. Customer deposits also rose from ¢99.7 billion in 2019 to ¢11.8 billion, an increase of 21 per cent. Terence Ronald Darko, the Board Chairman of the Bank, disclosed this at […]
Ecobank Ghana to pay GH¢177m dividend to shareholders
Shareholders of Ecobank Ghana will receive an amount of 55 pesewas per share as dividend from the bank with respect to the 2020 financial year This is a 100% increase over that of the 2019 dividend payment. It follows approval by the Bank of Ghana for the increment and payment. Speaking to shareholders of the […]
MTN Ghana’s MoMo revenue exceeds that of Nigeria’s biggest banks by far
Mobile money revenue of MTN Ghana far exceeded that of the largest Nigerian banks in 2020, according to a report by telecom expert, Eric Osiakwan The Nigerian banks included FBN, Access Bank, UBA and Zenith Bank. The leading mobile network in Ghana registered $216.4 million revenue from MoMo transactions in 2020. This is compared with […]
Ecobank holds capacity-building webinar for NGOs
Ecobank Ghana last week held a capacity-building webinar for Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs) across the country. The forum, which was held via Microsoft Teams brought together over one hundred participants, mainly local organisations to deliberate on various topics related to national development, financial inclusion and general improvement in the livelihoods of […]
Ecobank, Others Partner Women’s Empowerment And Investment Groups To Financially Strengthen Women-Led Businesses
Ecobank Ghana Ecobank Ghana, in partnership with the Women’s Empowerment and Investment Group (WEIG), Annan Capital Partners and GUBA, with support from Ozé, last Friday disbursed GHS150,000 as a COVID-19 Stimulus package to 10 beneficiaries as part of an initiative to support women-led businesses in Ghana. This partnership forms part of the bank’s commitment to […]