GNA – The Akyempim Rural Bank Limited, the third giant rural bank in the Central Region, declared a profit of GHC100,832 after taxation in 2008 as against GHC88,719.00, in 2007. The deposits of the bank also increased from GHC99, 689.00 in 2007 to GHC2, 875,097, while total assets of the bank jumped from GHC3, 464,196 [...]
Read the rest of this story »Almost every day banks cast their nets in a desperate attempt to catch more into their pool of customers. Their ‘sales evangelists’, embark on marketing outreaches, intelligently articulating their packages with the respective appetizing benefits. As they do, they siphon any mist of doubt in your confused mind. As a result, customers ride the royal [...]
Read the rest of this story »GNA – The Amanano Rural Bank Limited made a net profit before tax of GH¢243,342 on its operations, last year, Mr Isaac Asante, Chairman of the Board of Directors, has announced. This represents an increase of 37 per cent over the previous year’s GH¢177,223. Addressing the 22nd annual shareholders general meeting at Nyinahin [...]
Read the rest of this story »GNA – UniCredit Ghana Limited, a non-bank financial institution, was officially launched at a ceremony on Thursday with a call on both bank and non-bank financial institutions to help mobilize resources for the development of the country. Dr Kwabena Duffuor, Minister of Finance and Economic Planning, who made the call, said mobilizing domestic resources and [...]
Read the rest of this story »Officials of the Ashaiman branch of the Home Finance Company Bank (HFC) and some residents of Ashaiman, in the Greater Accra Region, were shocked to the marrow when a WESTEC Security guard who was detailed to guard the Bank premises during the night allegedly decided to have sex with his girlfriend in the banking hall. [...]
Read the rest of this story »By Garth Theunissen (Bloomberg) — Ghana’s three-year government bonds offer prospects of the best returns in sub-Saharan Africa as yields on the debt outweigh possible currency declines over the next year, according to Standard Chartered Plc. After-tax yields of 19.6 percent will counter a likely 7.8 percent depreciation in Ghana’s cedi over the next 12 [...]
Read the rest of this story »Ghana is set to miss out on a much needed US$150M World Bank support to the 2009 annual budget, following its inability to keep faith with the Bank on agreed triggers for the release of the funds, Public Agenda has learned. The triggers are: bringing the Freedom of Information, National Petroleum, and Petroleum Revenue [...]
Read the rest of this story »GNA – The Akim Bosome Rural Bank at Akyem Swedru recorded a net profit of GHC 146,993.46 in 2008 as against GHC 78,886.94 in 2007. The figure represents 176.34 percent increase in profit, Mr George Kumi-Brobbey, Chairman of the Board of Directors of the Bank, said this at the 20th Annual General meeting of shareholders [...]
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