*To flush out unscrupulous operators The Ghana Association of Microfinance Companies (GAMC) is bracing up to protect the industry and help safeguard funds of depositors. The business group is to operate under the second tier of the regulated microfinance institutions, which include susu companies taking deposits and making profits. Under the new Bank of Ghana [...]
Read the rest of this story »The Ministry of Finance and Economic Planning will in February this year host the inaugural Euromoney Ghana Finance and Investment Conference. President John Evans Atta Mills is expected to lead the opening ceremony which will have the Finance Minister, Dr. Kwabena Duffuor, Governor of the Bank of Ghana, Kwesi Amissah-Arthur and Mark Mobius, Executive Chairman of [...]
Read the rest of this story »Standard Bank Group, parent company of Stanbic Bank Ghana has concluded a US$ 30 million debt financing deal with Eaton Towers Ghana Limited, the telecommunications infrastructure provider. Concluded late last year, the transaction provides for a 5-year senior secured term loan facility to fund the enhancement and upgrade of telecommunication towers under a Site Sharing [...]
Read the rest of this story »Shareholders of ECOBANK have passed a resolution to merge the bank with The Trust Bank, (TTB). The resolution passed at the bank’s Extraordinary General Meeting will also authorize the board to transfer shares held by Ecobank Transnational Incorporated in TTB to ECOBANK Ghana. The shareholders were however worried their interests in the bank will be [...]
Read the rest of this story »Shareholders of ECOBANK have passed a resolution to merge the bank with The Trust Bank, TTB. The resolution passed at the bank’s Extraordinary General Meeting will also authorize the board to transfer shares held by Ecobank Transnational Incorporated in TTB to ECOBANK Ghana. The shareholders were however worried their interests in the bank will be [...]
Read the rest of this story »For the second year running, the Agricultural Development Bank (ADB) has placed top in the prestigious Africa Investor Agribusiness Investment Awards. ADB featured prominently in the winners list for the 2011 edition of the Awards just announced simultaneously in Johannesburg, London, Beijing, New York, Lagos, and Nairobi. This follows its success in the maiden edition [...]
Read the rest of this story »From: Emmanuel Agyei – Joy Business About 200 employees of Bank of Africa, BoA Ghana are to be laid-off by March next year. The process which is already underway would however not necessarily affect only Junior staff. That’s according to management which adds the decision is aimed at streamlining the bank’s operations for enhanced service-delivery. [...]
Read the rest of this story »The Bank of Ghana (BoG) has approved the merger of Access Bank Ghana and Intercontinental Bank Ghana. The BoG has approved the change of control processes for IBG’s operations within Ghana. It is expected that IBG will be merged with Access Bank Ghana by the second quarter of 2012. Till then, both banks will operate [...]
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