Fitch Ratings-London-15 April 2024: The profitability of Ghanaian banks will weaken due to the Bank of Ghana’s (BoG) recent decision to link cash reserve ratio (CRR) requirements to loans/deposits ratios (LDRs), Fitch Ratings says.The new regime is partly intended to b...
“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, ...
About 70% of Ghana’s population remains unbanked, which has spurred innovation in local banking services, 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...
Following the Bank of Ghana’s September 2017 directive for all lenders to raise their minimum capital from 120m cedis ($24.5m) to 400m cedis by December 2018, Zenith Bank moved quickly to address this requirement and assume a leading position in the market. The new capital level was met ...