The Managing Director of ARB APEX Bank Limited, Mr Eric Osei-Bonsu, has advised Rural and Community Banks (RCBs) to form co-operative mergers to enable them survive the competitive landscape in the country.
Mr Osei-Bonsu observed that the banking sector had not only become very competitive but also risky and therefore urged RCBs to initiate policies to [...]
US banks would need a total of £50 billion in additional funds to survive if the recession deepens, the results of government “stress tests” showed.
An assessment of the robustness of the sector found that 10 of the 19 largest banks would need to find extra capital to see them through the bad times.
Bank of America [...]
Officials of Amalgamated Bank on Wednesday stated emphatically that they have taken steps to comply with recommendations by the Bank of Ghana following what the regulator found to be aberrations of the banking regulations.
But the officials were unhappy that media handling of the Bank of Ghana’s ‘reprimands’ appear to portray Amal Bank as the odd [...]
Otumfuo Osei Tutu II, Asantehene, has called on financial institutions to strategise and pursue vigorous campaign in sensitising Ghanaians on the need to save their monies at the bank.
He said “a lot of money is still being kept at home by majority of the citizenry due to ignorance about the advantages of saving with the [...]
Ghanaian government’s move to deepen its financial services sector is putting foreign banks operating in that country on their toes as the scramble for investments heats up with some months to the December 2009 deadline for them to shore up their capital to a minimum of GHc60 million ($50million), about N7.4 billion.
Coming at a time [...]
The increase of the Minimum Capital Requirements and Secondary Reserve Ration by the Bank of Ghana (BOG) would hamper the operations of Rural and Community Banks (RCBs), a research finding has said.
The research spearheaded by the North-Eastern chapter of the Association of Rural Banks and carried out by the managing consultant of Pinnacle Investment and [...]
