Nevertheless, reserving liquidity in excess hinders the development of interbank markets and suggests that banks are forgoing financial intermediation (hence, returns) and are inefficient. It is against this background that this study sought to find explanations on why bank liquidity in Ghana has for...
such as E-zwich, a biometric electronic payments card which allows customers of one bank to transact at another participating bank’s outlets. Zenith was one of its pioneers, in partnership with the Ghana Interbank Payments Settlement System. To date it has issued 120,000 ...
The central bank owes money to the Reserve Bank of India for a 400 million dollar swap, the Bank of Bangladesh, interbank market participants, the International Monetary Fund through an earlier program and also through and Special Drawing Rights allocation in which the holding had been spe...
Weak exchange rates.Chase Bank normally adds a 4-7% margin on top of the interbank rate. If you send money abroad regularly, this could cost you hundreds of dollars. Money transfer specialists usually offer better exchange rates than most banks. ...
The Bank also extended financial services to countries such as Oman, Peru, Ghana and Chile through promoting the "China Desk" business model. The Bank kept its global growth plan on course and supported the implementation of the nation's "Going Global" strategy. It seized the historic ...
In October 2018, BOC held the first Belt and Road international financial exchange and cooperation seminar for Africa, and 34 senior government officials from Mauritius, Côte d'Ivoire, Angola, Zambia, Ghana, Namibia, South Africa, Tanzania and Nigeria attended the seminar. So far, attendees of...
Ghana: Ghana Commercial Bank Ghana Commercial Bank (GCB) had a strong year in 2012. The country’s second largest lender by assets, it made a pre-tax profit of $103m, more than any other bank in Ghana. Its return on equity amounted to a hefty 48%, while its cost-to-income ratio wa...
It also launched foreign exchange trading in 14 emerging market currencies including the Ghana Cedi, Sri Lankan Rupee and Bangladeshi Taka, bringing the total number of tradable foreign currencies up to 61. The Bank enriched its hedging and trading product systems and unveiled new products such as...
“In the past 18 months we have massively increased our network of Xpress Point agencies to provide local communities with convenient banking options.” Ghana Stanbic Bank Ghana An upgrade to the core banking system at Stanbic Bank Ghana has accelerated the bank’s digital transformation journey, ...
The Bank also extended financial services to countries such as Oman, Peru, Ghana and Chile through promoting the "China Desk" business model. The Bank kept its global growth plan on course and supported the implementation of the nation's "Going Global" strategy. It seized the historic ...