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Banking and Finance
BoG launches eCedi Hackathon for FinTechs, developers
Bank of Ghana in collaboration with EMTECH Solutions has announced the launch of an eCedi hackathon, to provide opportunities for…
BoG borrows GHS 1.09bn
The Bank of Ghana recently raised GHS 1.09 billion through the issuance of its BoG bills which has a maturity period of 56 days.…
AfDB debars Joycot General Contractors Limited for 15 months for fraudulent…
The African Development Bank Group, on 25 September 2023, has announced the 15-month debarment of Joycot General Contractors Ltd.…
Fitch affirms FirstRand Bank at ‘BB-‘; Outlook Stable
Fitch Ratings has affirmed FirstRand Bank Limited's (FRB) Long-Term Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.…
YTD returns on equities near 30% as benchmark index rises to 3,166 points
In a day of modest yet notable fluctuations, the Ghana Stock Exchange (GSE) displayed resilience as it edged upward by a marginal…
Absa Bank funds SMEs with GH¢100m
ABSA Bank has disbursed GH¢100 million under a new initiative meant to empower and drive the growth of Small and medium-sized…
Nigeria takes $1.95bn World Bank loan, ignores debt concerns
Nigeria secured a total of $1.95 billion in loans from the World Bank in the first four months of President Bola Tinubu’s…
2023 growth projections to surpass IMF 1.5% forecast
Ghana’s economic outlook for 2023 appears more promising than previously anticipated, with growth potentially surpassing the…
Nigeria’s oil sector suffers a N34.47 billion loss at the hands of a…
The Nigerian National Petroleum Company Limited spent close to N34.47 billion (18 months) to monitor and repair pipelines in order…
Banking industry grapples with soaring NPLs at 20%
Ghana’s banking sector is facing a concerning rise in non-performing loans, reaching a peak of 20% of all loans, a level not seen…