Banking/Finance

Ghana Commercial Bank Posts Gain

Simon Dornoo — Managing Director, GCB

Simon Dornoo — Managing Director, GCB Ghana Commercial Bank (GCB) has delivered another round of strong performance for 2013, as the group recorded a profit after tax of GH¢229 million, up by 60 per cent in the previous year. Net Income increased by 42 per cent to GH¢579 million,  driven by business growth and gains in operating efficiency. A statement More...

Published 2 days ago
China money
On Tuesday, April 15th, 2014
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Low patronage of China-Africa fund worries

The Vice President of the Ghana Chamber of Commerce and Industry (GCCI), Mr Prosper Adabla, has urged local businessmen to access the China-Africa Development Fund (CAD-Fund) as an alternative source of finance. According More...

QNB logo
On Friday, April 11th, 2014
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QNB provides its financial results of 3-months

QNB logo The World’s Strongest Bank and the leading bank in the Middle East and North Africa, announced its results for the three months ended 31 March 2014. These results include the financial results of QNB More...

wpid-Gha-China.jpg
On Thursday, April 10th, 2014
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Yuan Now A Direct Exchange Currency-BoG

The struggling Ghanaian cedi is expected to bounce back earlier than thought as the Bank of Ghana is all set to make the Chinese national currency, the Renminbi popularly known as Yuan; a direct exchange currency. Sources More...

First Capital Plus' new status brings the total number of commercial banks in the country to 27.
On Wednesday, April 9th, 2014
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Banks start to announce 2013 financial results

By: Yaw Sarpong   Banks operating in the country have started announcing their financial results for the year ending December, 31st 2013. The banks require by law to announce to the public, especially their More...

Banks operating
On Wednesday, April 9th, 2014
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Banks total assets hit GHc 39.1 billion

By: Yaw Sarpong   Bank of Ghana (BoG), the regulator of the banking sector announced during its 59th regular meeting to review the state of Ghana’s economic that, in the first two months of the year 2014, More...

Governor of Bank of Ghana, Kofi Wampah
On Sunday, April 6th, 2014
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Ghana’s reserves continue to dwindle

Governor of Bank of Ghana, Kofi Wampah The steady depletion of Ghana’s international reserves from US$5.6 billion in December 2013 to US$ 4.7 billion as of March 28, 2014 is heightening fears about the capacity More...

Dr. Kofi Wampah, BoG Boss
On Sunday, April 6th, 2014
1 Comment

BoG raises reserve requirement of banks to 11%

Dr. Kofi Wampah, BoG Boss The Bank of Ghana (BoG) has raised the reserve requirement of commercial banks to 11 per cent from nine per cent in a bid to curb rising inflation and halt the fall of the cedi. This is More...

Bank of Ghana
On Saturday, April 5th, 2014
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Is Bank of Ghana cedi measure working?

Bank of Ghana The Bank of Ghana (BoG) has deployed new ammunition to halt the cedi’s destructive fall, which came to 17.6 percent against the dollar in the first quarter of the year. The central bank’s Monetary More...

Dr. Kofi Wampah, BoG Boss
On Saturday, April 5th, 2014
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How much reserve does Ghana have?

Dr. Kofi Wampah, BoG Boss The steady depletion of Ghana’s international reserves from US$5.6 billion in December 2013 to US$ 4.7 billion as of March 28, 2014 is heightening fears about the capacity of the government More...



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