[ad_1] Fidelity Bank, the largest privately-owned indigenous bank, recently had the opportunity to host a team of students from Harvard Business School in Accra for one week as part of a required course called the FIELD Global Immersion. The bank was one of 157 FIELD Global Immersion Project Partners spanning 16 cities across 16 countries….
[ad_1] The Bank of Ghana (BoG) has articulated and rationalized the decisive action undertaken to revoke the license of GN Bank in 2019, citing pronounced breaches of regulatory protocols as the primary impetus behind the regulatory intervention. Emphasizing the institution’s failure to adhere to indispensable financial regulations and banking standards crucial for operational viability,…
[ad_1] The World Bank and Solidaridad West Africa (SWA) – leading implementation agency for Ghana signed a grant agreement for a US$4 million project to boost social inclusion in the sharing of benefits generated within the Ghana Cocoa Forest Reducing Emissions from Deforestation and Forest Degradation (REDD+) Program (GCRP). By directly engaging 20,000 farmers from…
[ad_1] The World Bank on Friday, May 31, 2024 approved a $250 million International Development Association (IDA) credit for a five-year Ghana Financial Stability Project. The project will support Ghana’s Financial Sector Strengthening Strategy (FSSS) by contributing to financial stability through the recapitalization of viable Banks and Specialized Deposit-taking Institutions (SDIs) impacted by Ghana’s…
[ad_1] The Institute of Economic Affairs (IEA) has recommended that the Bank of Ghana (BoG) consider implementing a currency board in place of the existing central bank system. The IEA posits that this approach will aid in maintaining the Cedi as a legal tender, emphasising that the currency board would ensure that Cedis in circulation…
[ad_1] Ghana’s fastest-growing bank, OmniBSIC Bank Plc, has opened 2024 positively by delivering strong results in the first quarter which is a strong indication of superior returns to shareholders and higher value for businesses this year. The bank’s profit soared by more than 58 per cent to GH¢82.58 million in March while liquidity and the…
[ad_1] Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has criticized the Akufo-Addo government for its dependence on funds from the International Monetary Fund (IMF), World Bank, and other donor agencies to strengthen the local currency. He labelled the government’s heavy reliance on foreign aid, including Eurobonds and cocoa…
[ad_1] In a significant financial development, Ghana has received a boost with the disbursement of a US$300 million loan facility from the World Bank. The funds have been officially released for budgetary support, marking a crucial milestone in the country’s economic recovery efforts. The substantial amount was credited to the account of the Central…
[ad_1] The US$ 300m loan facility from the World Bank to Ghana has officially been released for budgetary support. The amount was credited to the Central Bank’s account today, Wednesday March 27, 2023. It is the first in a series of three operations of $300 million each from the World Bank for crisis response and…
[ad_1] Daily Guide staff with the FNB Bank team Some officials of FNB Bank yesterday paid a working visit to the Daily Guide Network ahead of the bank’s maiden Journalism Academy and Media training in Accra. The Bank’s officials included the Head of Marketing and Brands Manager, Delali Dziedzenyo, and his colleague, Gwendy Laryea…
