Source: Thisday Ecobank Ghana’s posturing to hoodwink Ghanaians to believe that they are not bothered by the $8m visa card fraud that hit it has placed the bank in a huge quagmire. Having allowed itself to be embroiled in the massive scandal by not being pre-emptive and anticipatory enough, the bank has now begun to [...]
Read the rest of this story »THE names of the 42 South African banking officials who will go overseas on a four-week career advancement exercise have finally been announced. The delegates will visit the US, UK, Ghana, Uganda and Dubai in the Bankseta International Executive Development Programme. First launched in 2006, the programme will be split into two, with one group [...]
Read the rest of this story »What is GSD?GSE Securities Depository Company Ltd. (GSD), a wholly-owned subsidiary of the Ghana Stock Exchange. It was licensed by the Securities and Exchange Commission to operate a Securities Depository on November 5, 2008 and started operations on November 14, 2008. It has been set up to establish and manage a Securities Depository System (SDS). [...]
Read the rest of this story »The Ghana cedi slid slightly against the dollar on Friday, its weakest since a three-year bond issue in February, traders said. Kobla Nyaletey from Barclays Ghana quoted the local currency at 1.5310/35 against the dollar on the interbank at 1314 GMT, after opening at 1.5295/1.5320. He said the cedi had depreciated steadily since rallying to [...]
Read the rest of this story »The Head of Personal Banking at Stanbic Bank, Mr Ben Mensah has encouraged Ghanaians to invest towards their future. A release from the bank said, Mr Mensah made the call at the launch of the bank’s term one campaign in Tamale and Bolgatanga. The promotion dubbed: “Stretch your money Promo,” seeks to encourage customers to [...]
Read the rest of this story »The Trust Bank (TTB) Limited will be opening two additional branches in Kumasi by the close of this year. General Manager in-charge of Business Developments, Osei Asafo Adjei says the decision is part of the bank’s expansion drive to bring banking services to the doorstep of customers. He told Luv Biz Report the move is [...]
Read the rest of this story »BUSINESS WIRE)–MoneyGram International (NYSE:MGI), a leader in global money transfers, today announced an expanded agreement with Societe Generale, one of the largest financial services groups with operations in 85 countries. Via the agreement, Societe Generale will offer its international retail banking network of 3,800 branches in 37 countries the opportunity to provide MoneyGram money transfer [...]
Read the rest of this story »All banks in the country may soon be required to report to the Financial Intelligence Centre all withdrawals or deposits made by their account holders that exceed a certain limit. This will be the case when the FIC introduces the cash transaction threshold for banks, an alert system that is aimed at checking the use [...]
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