Ecobank Ghana and GCB Bank continued to show their dominance in the banking industry, controlling almost a quarter of the industry’s deposits in 2020. They controlled about 23.9 per cent of the banking industry market share in terms of deposits in 2020. According to research analysis by investment firm; Tesah Capital, Zenith Bank was the […]
CDC Group has announced a Ksh. 5.4 billion ($50 million) trade finance facility with Ecobank International (EBISA) , the Paris based member of the Ecobank Group, for supporting businesses in Africa. This marks CDC’s first partnership with EBISA aimed at providing systemic liquidity to underserved markets and trade finance support to local banks and businesses […]
Government has disbursed a total amount of GH₵ 260 million as interest subsidies for 128 companies under its flagship One District, One Factory (1D1F) programme. This was revealed by the Minister for Trade and Industry, John Alan Kyeremanten when the Bole/Bamboi MP, Yusif Sulemana requested comprehensive information on the amount government has expended on subsidizing […]
Abdul Manaf Issah, who was said to have been captured by a CCTV camera carrying the computers, denied same, saying he was only carrying boxes containing newspapers. The police retrieved the two laptops from him later. Charged with stealing, Issah denied the offence. The court, presided over by Evelyn Asamoah after the trial found Isaah […]
Ecobank Ghana, in partnership with Enterprise Trustees, has rolled out a mortgage scheme that provides up to 100% financing for a beneficiary’s property of choice. The package forms part of Ecobank’s Home Mortgage programme which unlocks homeownership for tier 2 and 3 pension contributors. It also gives contributors the opportunity to own their own homes, […]
John Alan Kojo Kyeremanten, Minister for Trade and Industry The government has spent over GH¢260 million on 128 One District, One Factory (1D1F) Companies as interest subsidies over the past 4 years. This was revealed by the Minister for Trade and Industry, John Alan Kojo Kyeremanten who explained the amount: GH¢260,961,056.42 was to support loan […]
The Bank of Ghana Some eleven of the 23 universal banks operating in Ghana, have been given the green light by the Bank of Ghana to pay dividends to their shareholders for the 2020 financial year. The central bank put a moratorium on the payment of dividends by the banks following the devastating impact the […]
The Bank of Ghana has given approval to 11 out of 23 banks to pay dividend to shareholders in respect of the 2020 financial year. Following the effects of the covid-19 pandemic, the Central Bank introduced some regulatory measures that include the financial institutions meeting certain key requirements before they could pay dividend to shareholders. […]
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison The Deputy Head of Banking Supervision at the Bank of Ghana, Mr Ismail Adam made the announcement at the UPSA Law School Quarterly Banking Roundtable webinar. “ The idea is to make the institutions more robust and resilient such that they wouldn’t suffer because […]
A first-time partnership between the UK development finance institution and a bank, aims to bring liquidity to trade finance in Africa. United Kingdom development finance institution (DFI) CDC Group is to provide a USD 50 million trade finance facility through Ecobank International , which will be used to support trade finance in Africa. The financing […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.