BUSINESS

Ecobank Transnational Incorporated (ETI) has revealed plans to raise some $50 million through bond issuance in the coming months. This is contained in a brief signed by its acting Group Chief Financial Officer Ayo Adepoju to the investor community. Starr Business is learning the proceeds from the bond will be used for the bank’s corporate operations. The Bank has appointed ...

The Managing Director of GCB Bank, Mr. Anselm Ransford Adzetey Sowah, has revealed that the bank plans to expand its operations into the West Africa sub-region, beginning with the English-speaking countries. The Bank is also exploring with a foreign partner to form a joint venture to provide insurance products to Ghanaians. Speaking at the ‘Facts behind the Figures’ programme organized ...

Mr Samuel Sarpong has been appointed as Managing Director of the National Investment Bank (NIB). Until his appointment, Mr Sarpong was the Managing Consultant at OrgResilence Consult Limited. Mr Sarpong has a vast and diverse working experience and will be leading the transformation of NIB to reposition it as one of the leading Ghanaian owned banks and a significant player ...

The president and chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom, has ordered Gold Coast Holding to sue the government to recover investment funds valued more than three billion Ghana Cedis from agencies, contractors and other financial institutions.   He has also directed the company to make available to the media and in all their offices, the list of ...

The British High Commissioner to Ghana, Iain Walker, has commended Guinness Ghana Breweries PLC for its massive investment into the company’s Local Raw Materials programme, which has impacted the lives over one hundred thousand people along the agricultural value chain. Walker paid a working visit to Guinness Ghana PLC, Ghana’s only total beverage company, to learn about the company’s business ...

The Monetary Policy Committee of the Bank of Ghana (BoG) has kept its policy rate unchanged. The bank left its key lending rate to commercial banks at 16 per cent. Speaking at a press conference on Monday, Governor of the Bank of Ghana Dr Ernest Addison said the central bank stands ready to respond appropriately depending on developments in the ...

The trial of former Director-General (D-G) of Social Security and National Insurance Trust (SSNIT), Ernest Thompson and four others accused of causing financial loss to the Trust, has taken another twist. The accused persons have indicated their opposition to a ruling by the trial Judge and served notice that they will proceed to file a stay of proceedings at the ...

As part of its strategy to bring financial services closer than ever to customers, FBNBank Ghana Limited has unveiled FBN Mobile, the bank’s mobile app. The launch represents a key step in FBNBank’s digital banking strategy, which aims to leverage new and evolving technologies to facilitate access to everyday financial services for consumers and businesses alike. Speaking in Accra, Gbenga ...

The country ended March 2019 with total debt stock hitting ¢198 billion, the Bank of Ghana’s summary of financial and Economic Data has revealed. This was revealed after the Monetary Policy Committee of the Central Bank met to review the health of the economy as at May 2019. Since November 2018 that BoG last released its data, the total debt ...

Telecom operator AirtelTigo and Huawei have announced a strategic partnership to enable more Ghanaians to get access to smartphone experience they aspire for with reliable internet. The partnership will give new and existing customers of AirtelTigo a new SIM card, minutes to call AirtelTigo lines and data for the purchase of any Huawei phone in AirtelTigo shops or an authorized ...