CEO of Unique Trust, Prince Kofi Amoabeng The Chief Executive of UT Financial Services, Prince Kofi Amoabeng and three directors of BPI Bank are to face contempt charges for changing the logo and name of BPI Bank to UT Bank in view of a pending court action. Minority shareholders of BPI Bank, formerly Metropolitan [...]
Read the rest of this story »he Winneba-based ILO-Edwumapa Co-operative Credit Union granted loans totalling 102,238.90 Ghana Cedis to 431 members of the Union, during the 2007/2008 operational period. Beneficiaries include, farmers, fishermen, fishmongers, transport operators, artisans, hairdressers, beauticians, tailors and dressmakers, portly and livestock producers, small-scale entrepreneurs, petty traders, and student-members pursuing tertiary education. Madam Grace-Love Osae, Chairperson of the [...]
Read the rest of this story »Omohakpor Enaye Profit before taxation at Fidelity Bank is up by 500%. It rose from GH?0.477 million in 2007 to GH?2.7 million in 2008, up by GH?2.2 million (500%). Net interest income went up by 72%. Operating income went up by 90%. Operating expenses went up by 77%. Financial investment inched up by 2%. Investment [...]
Read the rest of this story »Chief Executive, Prince Kofi Amoabeng UT Financial Services Limited yesterday sent strong signals to the market with its 2009 forecasts, which appear quite ambitious. The leading non-bank financial institution in the country hopes to increase its interest income by 30% this year, even though it does not intend to increase its lending rates. [...]
Read the rest of this story »By Emily Bowers (Bloomberg) — Ecobank Transnational Inc., which has operations in 26 African countries, said full-year profit dropped 20 percent as operating expenses increased. Net income declined to $111.1 million from $138.9 million a year earlier, the Lome, Togo-based bank said in a statement published in the Ghanaian Times newspaper today. Net interest income, [...]
Read the rest of this story »Nick Mathiason Barclays Bank is playing a lead role in the establishment of a tax haven in Ghana, in a move that could see huge mineral wealth in West Africa vanish into it from poverty-stricken countries’ coffers. The controversial British lender has for the past four years worked closely with the Ghanaian government to start [...]
Read the rest of this story »By Daily Graphic ECOBANK Ghana Limited has been named as one of Africa’s Top 200 companies for 2009 by the African Business Magazine. Ecobank Ghana is one of the only two Ghanaian companies represented in the top 200 performing companies in Africa placing 154th on the list. According the magazine, ‘one of Ecobank [...]
Read the rest of this story »Customers of the Ghana Commercial Bank hoping to access the bank’s ATMs for quick cash Monday returned home disappointed as the auto tellers were switched off across the country. But bank officials are pleading with all stranded customers to hold their patience just a trifle longer as technicians work around the clock to complete a [...]
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