The 23 recapitalized banks are expected to register strong earnings this year, following an increase in their single obligor, paving way for big ticket transactions. According to a research by investment bank, Databank, the banking sector support for credit expansion and overall economic growth will trigger huge interest incomes and rapid deposit mobilization. It noted […]
The Ghana Stock Exchange (GSE) last week had Ghana’s telecommunication giant – MTN Ghana Ltd, listed after successfully attaining the minimum requirement for enlistment. In spite of the wider options for trading, equity indices continued to nosedive on account of bearish closure of some top companies in the financial and energy sectors. With the equity […]
A circuit court in Accra has sentenced an Accounts Officer to four years imprisonment in hard labour for stealing cash in the sum of ¢109,501 belonging to Cal Bank. This was after the court presided over by Jane Harriet Akweley Quaye had found him guilty on the charge of stealing at the end of the […]
The Ghana Police Service has grabbed an Ivorian for allegedly siphoning GH ¢110,610,000 from CAL Bank Ghana Limited. William Djedehard Anselme Boscaud Dieou, a trader, is alleged to have logged on a CAL Bank Computer and used the credentials of two employees of the bank to debit the said amount from the bank’s internal account […]
The Bank says about GHC255,000 was rather taken through illegal means The management of CAL Bank has denied media reports that an amount of GHS100million has been siphoned from the the Bank. The Bank says about GHC255,000 was rather taken from them through illegal activities. On Tuesday, 21 August 2018, a GNA report indicated that […]
Three indigenous banks have assured the public that they have put in place strong corporate governance structures, efficient operating mechanisms and robust capital plans that will make them continue to serve their customers better. As a result, they have asked Ghanaians to have confidence in them as they inch closer to raising their respective minimum […]
Prudential Life Insurance Ghana, one of the leading life insurers in the country, organised a 10km health walk to promote a healthy lifestyle among its Bancassurance partners namely Societe Generale Bank, Fidelity Bank, Cal Bank, Zenith Bank and Standard Chartered Bank. The company’s insurance agents were also in attendance. The walk, which served as a […]
One consortium and five investment and universal banks have been shortlisted as likely arrangers of a GH¢2.3 billion loan for the Ghana Education Trust Fund (GETFund). The six banks are looking for an opportunity to raise the total amount or part of it for the GETFund under a financing arrangement that will see between 30 […]
Governor of Bank of Ghana, Dr. Ernest Addison At least fifteen (15) banks are yet to announce their position on meeting the new minimum capital requirement with four months to the deadline. This is because Citi Business News’ analysis has shown that six (6) banks have reached the target with seven (7) others undertaking various […]
The Ghana Police Service has grabbed an Ivorian for allegedly siphoning GH¢110,610,000 from CAL Bank Ghana Limited. William Djedehard Anselme Boscaud Dieou, a trader, is alleged to have logged on a CAL Bank Computer and used the credentials of two employees of the bank to debit the said amount from the bank’s internal account and […]
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