GH¢95m transferred across different networks in Q1

Just a year after its launch, Mobile Money Interoperability—a system that makes mobile money transactions among different networks possible—has hit GH¢95.88million in value for the first quarter of 2019, the Payment Systems Statistics report published by the Ghana Interbank Payment and Settlement Systems (GHIPSS) has revealed. The report, published by the Ghana Interbank Payment and […]

Banks’ profit up 38.9%

Bank of Ghana The 24 banks, currently operating in the country, registered an after-tax profit of GH¢1.1 billion, representing a year-on-year growth of 38.9 percent compared with 5.8 percent growth for the same period last year. The profit margin is a remarkable growth, after the clean-up of the banking industry. Majority of the profits were […]

Auditor General Report: University of Ghana has multiple bank accounts; some have less than GhC100

Auditor General, Daniel Yao Domelevo The Auditor General has revealed that Ghana’s premier university, the University of Ghana (UG) is operating multiple bank accounts with some either being inactive or having less than GHC100 as the credit balance. According to the Auditor General’s 2018 special audit report, the has led to poor management of the […]