Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited, Trinidad and Tobago has appointed Mr. Joseph Laryea Ashong as the General Manager for Commercial and Retail Banking. Mr. Ashong assumes the role following the retirement of Mrs. Annette Wattie who has been with Republic Bank (Ghana) PLC for the past two (2) years and […]
Monday, September 20, 2021 – Republic Bank (Ghana) PLC has introduced on the market two new mortgage repayment plans that are targeted at giving home owners more flexible forms of repayment and saving on interest paid at the end of the loan term. This is the first of its kind in Ghana and provides customers […]
Republic Bank (Ghana) PLC has introduced on the market two new and additional mortgage repayment plans that are targeted at giving homeowners more flexible forms of repayment and saving on interest paid at the end of the loan term. This is the first of its kind in Ghana and provides customers with the ability to […]
John Kumah, Deputy Minister of Finance The Government has underwritten the mortgage interest rate by 60 percent through the implementation of National Mortgage Scheme (NMS) under the National Homeownership Fund. The rate, according to Deputy Minister of Finance, John Kumah has been downsized from the 24 percent average market rate to 10 to 12 percent […]
Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January […]
John Kumah, Deputy Minister of Finance The Government has underwritten the mortgage interest rate by 60 percent through the implementation of National Mortgage Scheme (NMS) under the National Homeownership Fund. The rate, according to Deputy Minister of Finance, John Kumah has been downsized from the 24 percent average market rate to 10 to 12 percent […]
Data from the financial statements of about 60% of banks in the country for the first half of the year 2021, shows promising increases in profits for some and some slowdown in profit growth for others. This can be gleaned from the Summary Statements of Comprehensive Incomes of 13 of Ghana’s top banks covering January […]
Some commercial banks are raising concerns about the Bank of Ghana’s directive regarding the abolishment of the Over-the-Counter withdrawal charge. The Central Bank recently issued a notice to banks and specialized deposit-taking institutions to abolish what it calls unfair fees, charges and other practices in the banking sector. But in an interview with Joy Business […]
Republic Bank (Guyana) Limited (RBL) has gotten approval for a US$20 million line of credit from the Inter-American Development Bank (IDB) under its Trade Finance Facilitation Programme (TFFP). This approval, which was announced by the IDB yesterday, makes RBL the second local financial institution to join the TFFP. Demerara Bank Limited joined the programme in […]
President Nana Akufo-Addo, has commissioned 204 housing units, constructed in nine months, under the National Mortgage and Housing Finance Initiative. Commissioning the housing units Monday, on day two of his tour of Greater Accra, President Akufo-Addo described the completion of the 204 housing units as “one of the successes achieved during the two-year pilot phase […]
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