[ad_1] Banks operating in Ghana wrote-off GH¢1.39 billion as bad debt in the 10-months of 2025. This was 56.7% more than the 1.0% increase in October 2024. According to the Domestic Money Banks Income Statement, the total provision were made up of loan losses, depreciation & others. In October 2024, the government wrote-off GH¢3.22 billion….
[ad_1] Minister for Works and Housing, Kojo Oppong Nkrumah has held an engagement session with local banks to discuss the successes and lessons learned from the pilot phase of the National Homeownership Fund (NHF). This initiative, which has already shown promise, is now poised for expansion to benefit both public and private sector workers across…
[ad_1] Kurdistan International Islamic Bank for Investment and Development (“KIB”), a leading Islamic financial institution in Iraq, has embarked on a digital transformation journey with the adoption of iMALTM (https://apo-opa.co/3SqEhCN), the industry-leading Islamic core banking platform from Azentio Software (https://apo-opa.co/3HtPqN1), a Singapore-headquartered technology firm owned by funds advised by Apax Partners. The iMALTM implementation will enable a robust…
[ad_1] MenZone, a subsidiary group within Absa, has donated GH¢60,000 to support Citi FM/Citi TV’s #Relief4LowerVolta campaign. Menzone comprises men within Absa branches in the country, numbering up to 400. The presentation was made towards Citi FM/Citi TV’s #Relief4LowerVolta campaign, which was launched in October, aimed at mobilizing relief items for persons displaced by the…
[ad_1] Over the past few years, financial institutions around the globe have faced more intense cybersecurity threats than ever. In 2021 alone, ransomware attacks against banks rose by an astonishing 1,318%. This is at least partly due to the pandemic, which spurred a rapid transition to remote work and accelerated the move towards digital transformation….
[ad_1] The Chief Executive Officer of Amansie Rural Bank PLC, Frederick Kwakye Kyei, says most employees migrating from Ghana often leave without repaying their loans. According to him, the trend is negatively affecting the rural banking sector. This follows revelation by the Ghana Registered Nurses and Midwives Association (GRNMA) that about 4,000 members were cleared…
[ad_1] Profit of Ghana’s fastest-growing financial institution, OmniBSIC Bank, has surpassed GH¢150 million in the third quarter of this year – just 11 months after the merged entity overturned its losses. The bank’s profit before tax rose by more than four-fold to GH¢153.65 million in the third quarter of this year from GH¢36.93 million in…
[ad_1] Private legal practitioner Martin Kpebu says the prosecution of the Capital Bank case will not be complete until the board chairman is also prosecuted. The outspoken lawyer says the 15-year jail term handed the defunct bank’s former CEO, William Ato Essian is not enough. In his view, Mr Essien as the CEO could not…
[ad_1] The Board Chairman of ARP Apex Bank, Dr Toni Aubynn has said that the Domestic Debt Exchange Programme (DDEP) has had a negative impact on the growth plans of Rural and Community Banks (RCBs). According to him, the sector has incurred a loss of GH₵1.10 billion as a result of the recently concluded DDEP. …
[ad_1] Henry Onwuzurigbo In the midst of a turbulent macroeconomic operating environment, Zenith Bank (Ghana) Limited has emerged as an excellent example of resilience and exceptional performance. The first half of 2023 was not without its challenges – a turbulent global economy, coupled with fluctuating markets. However, in the face of these headwinds, Zenith…
