Articles from the ‘Financial Institutions’ category
Posted by Contributor on April 1, 2010 at 10:09 am in Business, Financial Institutions
GNA – Mr Kwesi Amissah-Arthur, Governor of the Bank of Ghana (BOG), on Wednesday said Ghana’s recent macro-economic stability and subsequent reduction in the policy rate were necessary for rebound in private sector activities. He said the move was however not sufficient, stressing: “It is important to move a step beyond the creation of a [...]
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Posted by Contributor on March 31, 2010 at 1:18 pm in Business, Financial Institutions
GNA – Shareholders of UT Financial Services (UTFSL) on Tuesday approved a special resolution to buy UT Bank and gave the directors the mandate to obtain all regulatory approvals necessary for the deal. UTFSL will pay for the 100 per cent acquisition through the issue of 91.3 million shares to shareholders of UT Bank [...]
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Posted by Contributor on at 12:27 pm in Business, Financial Institutions
GNA – Shareholders of UT Financial Services (UTFSL) on Tuesday approved a special resolution to buy UT Bank and gave the directors the mandate to obtain all regulatory approvals necessary for the deal. UTFSL will pay for the 100 per cent acquisition through the issue of 91.3 million shares to shareholders of UT Bank [...]
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Posted by Contributor on March 30, 2010 at 10:42 am in Business, Financial Institutions
credit: Akwasi Fredua The Board Chairman of Ghana Commercial Bank (GCB) Mr. Pryce Kojo Thompson, has insisted that the Board will maintain its independence and will resist any government interference and policies which will be inimical to the interest of the Bank’s shareholders despite that fact hat 70 percent of its members are government appointees. [...]
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Posted by Contributor on at 10:41 am in Business, Financial Institutions
GNA – The Weto Rural Bank in the South Dayi District has raised its net profit to 215,658.47 cedis (449 percent) in 2009 up from 39,304.32 cedis in 2008. The performance arose out of Treasury bill investments where the rates doubled during the year under review coupled with improved loan recovery. The Bank’s liability for [...]
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Posted by Contributor on at 10:39 am in Business, Financial Institutions
by: Kofi Adu Domfeh Investment firm, Gold Coast Securities Limited, is developing new investment products and services to maximize benefits in the new Pensions Law. The 2008 National Pensions Act 766 provides for a pension reform in Ghana effectively January 1, 2010. As the National Pensions Regulatory Authority finalizes modalities for the transition to the [...]
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Posted by JAMES APPIAKORANG JNR on March 29, 2010 at 11:38 am in Business, Financial Institutions, Other Top Stories
FROM JAMES APPIAKORANG JNR., KUMASI One of the fastest growing financial institutions in the country, Gold Coast Securities (GCS), last week organised a one-day seminar on the new 3-Tier Pension Scheme in Kumasi for some workers in and around the Kumasi metropolis. The seminar—which was under the theme; “The new 3-Tier Pension Scheme and the [...]
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Posted by Contributor on March 28, 2010 at 2:13 pm in Business, Financial Institutions
The Management of FirstBanC has announced that its recently launched Market Mutual Fund has begun trading. It said the share, which during the Initial Public Offer (IPO) was pegged at 10 Ghana Pesewas per share, has increased by 20 per cent to 12 Ghana Pesewas per share at the close of business on Wednesday 24th [...]
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