Articles from the ‘Financial Institutions’ category
Posted by Contributor on April 26, 2010 at 12:34 pm in Business, Financial Institutions
By Nasreen Seria (Bloomberg) — Inflation is slowing across sub- Saharan Africa’s leading economies as bumper crops and stronger currencies help curb prices, enabling South Africa, Nigeria, Kenya and Ghana to extend interest rate cuts into this year. A report on April 28 will show that South Africa’s inflation rate fell to a three-and-a-half-year low [...]
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Posted by Contributor on April 20, 2010 at 10:22 am in Business, Financial Institutions
By Beatrice Frempong/Citifmoline.com This year’s banking awards has been rescheduled from the initial date of May 08 to June 05. This, officials say is due to some amendments in the methodology which has necessitated ample time for the planning and implementation. This year’s awards is under the theme “Aggressive Financial Intermediation for Rapid Socio-Economic Growth [...]
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Posted by Contributor on April 19, 2010 at 12:26 pm in Business, Financial Institutions
The Ministry of Finance and Economic Planning (MoFEP) has taken note of the recent media publications on the sale of Agricultural Development Bank (ADB). The ministry wishes to state that government has no intention of allowing ADB to enter into any form of partnership with any financial institution, local or foreign. On the contrary, government [...]
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Posted by EMELIA N. A. ARYEE on at 12:24 pm in Business, Financial Institutions
STORY: ISAAC OBENG & EMELIA N. A. ARYEE The Governor of Bank of Ghana, Mr Kwesi Bekoe Amissah-Arthur, has disclosed that development in the banking sector through February 2010 showed continued strong asset growth on the account of significant increase in deposits and the shareholder funds of various banks in Ghana. According to him, as [...]
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Posted by Contributor on at 11:26 am in Business, Financial Institutions
Banks operating in the country continue to record huge bad debts, which threatens the overall delivery of credit and growth in the economy. According to the latest Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) report, the ratio of Non-Performing Loans (NPL) to gross loans for February 2010 was 20 percent, rising from [...]
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Posted by Contributor on April 16, 2010 at 11:17 am in Business, Financial Institutions
By Janice Kew (Bloomberg) — The following events and economic reports may influence trading in sub-Saharan African bonds and currencies today. Botswana: Annual inflation in Botswana slowed to 6 percent in March from 6.1 percent in February, the Gaborone-based Central Statistical Office said in an e-mailed statement today. The nation’s pula gained 0.7 percent to [...]
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Posted by Contributor on April 14, 2010 at 3:17 pm in Business, Financial Institutions, Other Top Stories
The Ghana Cedi failed to maintain the momentum it gathered yesterday, as the depreciation it suffered against all four of its major trading partners caused it to lose 0.21 per cent of its value. The local currency fell by 0.44 per cent to the Pound, adding to the 0.71 per cent loss it chalked [...]
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Posted by Contributor on at 10:55 am in Business, Financial Institutions
By Franz Wild (Bloomberg) — The following events and economic reports may influence trading in sub-Saharan African bonds and currencies today. Gabon: Gabon’s main oil industry trade union today starts an open-ended strike in sub-Saharan Africa’s fifth-biggest oil producer after negotiations over labor laws collapsed, Reuters reported. The Central African franc rose 0.04 percent [...]
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