Articles from the ‘Financial Institutions’ category
Posted by Contributor on March 19, 2011 at 6:45 pm in Business, Financial Institutions, Other Top Stories
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 [...]
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Posted by Contributor on March 17, 2011 at 12:33 pm in Business, Financial Institutions, Other Top Stories
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 [...]
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Posted by Contributor on at 12:28 pm in Business, Financial Institutions
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 [...]
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Posted by Contributor on March 16, 2011 at 11:02 am in Business, Financial Institutions
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 [...]
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Posted by Contributor on March 15, 2011 at 11:47 am in Business, Financial Institutions
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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Posted by Contributor on at 7:08 am in Business, Financial Institutions
The Ghana Commercial Bank saw a substantial leap in its profits for last year. The bank’s profit after tax was almost three times the previous year’s figure, from 18.8 to 56.1 million Ghana cedis. The figures represent the bank’s best performance in a long while. Explaining to Joy Business as to what accounted for the [...]
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Posted by Contributor on March 14, 2011 at 10:56 am in Business, Financial Institutions
Banks’ total profit-before-tax for 2010 soared 73.2% over the previous year to GH¢0.59 billion despite the presence of significant loan impairment on their balance sheets, according to data from the Bank of Ghana. Less taxes, the industry’s profit topped GH¢0.425 billion registering growth of 75% and indicating a vastly-improved performance over the 7% and 13.2% [...]
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Posted by Contributor on March 10, 2011 at 3:02 pm in Feature Articles, Financial Institutions
Who are share registrars and what do they do? Registrars of shares keep an up-to-date record of all stocks bought, which includes names of individual shareholders, their shareholdings, their addresses, and signatures amongst other salient information. These addresses and signatures of clients can be changed upon request of holders after verifications are done. It [...]
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