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MTN Management confident IPO will be a success – Adadevoh

Chief Executive Officer of MTN Ghana, Selorm Adadevoh says the company is confident that the Initial Public Offering (IPO) would be successful. Speaking to some section of the media on the progress of the IPO in Accra yesterday, he said the response from both institutional and retail investors so far …

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Afreximbank stands tall in trade development and finance – AfDB President

Dr Akinwumi Adesina, President of the African Development Bank (AfDB), said the African Export-Import Bank (Afreximbank) has become a reputable and solid regional development finance institution, meeting significant financing needs in trade development and trade finance in Africa. Afreximbank and the African Development Bank have enjoyed a collaborative and productive …

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Youth creativity and innovation key to development – President

President Nana Addo Dankwa Akufo-Addo on Tuesday said nation’s rapid development is hinged on the imaginative, creative and innovative capacity of the youth. “Ghana could only be competitive and productive through enterprise, novelty and originality”, he added. He said there was therefore the need to develop the capacities of young entrepreneurs for …

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Africa needs a continental transport Bank – Prince Mba

Mr Prince Bagnaba Mba, President of National Forum for Equity on Tuesday suggested to African leaders to consider establishing a Maritime or Transport bank as part of their accelerated development programmes. “The establishment of a transport bank is the best way to go now, as the continent needs to develop …

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Societe General ready to meet minimum capital requirement by September – Management

Management of Societe General (SG Ghana) says the bank is ready to meet the minimum capital requirement by end of September 2018. Mr Sonle Yeo, the Managing Director, SG Ghana, said the Bank’s major shareholders were commitment to the contribution of meeting the requirement. The Bank of Ghana, on September …

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Ghana Stock Exchange suspends trading in ADB Bank shares

The Ghana Stock Exchange has suspended the trading in the shares of ADB Bank, following Bank of Ghana’s cancellation of shares held by four institutions in the bank. “The Exchange, pursuant to Rule 7 and Rule 14 of its Trading and Listing Rules respectively, has suspended trading in the shares …

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Ga Rural Bank records 66.22% profit 

The Ga Rural Bank Limited recorded a net profit of GH¢573,328.00 in 2017 as against GH¢261,473.00 in 2016, representing an increase of 66.22 per cent. Total income of the bank also grew from GH¢7,653,778 in 2016 to GH¢9,060,789 in 2017, making an increase of 18.38 per cent, whilst total operating …

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Financial sector dominates stock market 

The Financial Sector dominated the stock market, as indices point northwards leading to improved performance on the Ghana Stock Exchange (GSE), Nordea Capital Investment Stock Market review indicated. The Nordea Capital Investment review of the second week of July (9th to 13th) obtained by the Ghana News Agency on Monday, …

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Bank of Ghana cancels shareholdings of four institutions in ADB

 The Bank of Ghana (BoG) has annulled the acquisition of all shares held by four institutions in the ADB Bank Limited (ADB).   The institutions are; Belstar Capital Limited, Starmount Development Company Limited, SIC-Financial Services Limited and EDC Investment.   A statement from the BoG said the order, which took …

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Surge in cryptocurrencies driving new hitech virtual money laundering – CipherTrace

The Rising spate in the theft of cryptocurrencies is driving the surge of a new, high-tech era of virtual money laundering, a headache to governments globally, according to a report.  In the first half of 2018, more than US$760 million in cryptocurrency was stolen from exchanges – a threefold increase …

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