GCB Bank Limited posted a significantly improved bottom line with net profit of GH¢323.13 million for the year ended 2018. This translates into growth of GH¢110.42 million over the GH¢212.72 million recorded in the 2017 financial year. Top line growth was appreciable despite instability in the banking industry with 2018 recording GH¢1,260 million as total
Annual conference supported by the Bank of Ghana to gather more than 500 financial services professionals from across Africa. SWIFT will hold the 26th edition of the African Regional Conference (ARC) on 18-20 June 2019 in Accra, Ghana. Supported by the Bank of Ghana, ARC 2019 will bring together more than 500 leading financial services
The Bank has launched its digital services in Tanzania and Ghana following successful roll-outs in Côte d’Ivoire and Uganda. Standard Chartered has announced it has completed a simultaneous multi-market launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s roll out scheduled to occur shortly. This follows the launches of the Bank’s digital offering
Kenya’s Safaricom, the telecommunication company that is driving the country’s financial inclusion through mobile money is bigger than most of the country’s banks. Investigation by Businessday revealed that some Nigerian banks worry that Africa’s largest economy may take after Kenya if Telcos are given the same opportunity but Access and Diamond bank, due to be
Mr Edward Prince Amoatia Younge, a Marketing Consultant has been appointed a Board member of GCB Bank Limited. At a ceremony at the Bank’s Head Office in Accra, Mr. Amoatia Younge was sworn in by an Accra High Court Judge, Justice Olivia Obeng Owusu. The Board Chairman of GCB, Mr. Jude Arthur, said, “we have
Emergent Technology Holdings LP, a global financial technology company, is pleased to announce it has acquired Interpay Limited, a payments processor based in Ghana. The acquisition extends the operations of EmTech’s digital payments business, Emergent Payments®, a local payments provider in 70 emerging markets. Interpay Africa connects African merchants to local and international payments capabilities
OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross-border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and supporting financial inclusion in West Africa. The WAY4 digital payments platform provided by OpenWay, a top-ranked digital payments software solution provider, will become the technological backbone of this innovative remittance service. OROBO facilitates
The use of mobile money has witnessed exponential growth over the past 9 years; with a year on year increase in the number of mobile money accounts as well as the volumes and value of mobile money transactions. According to statistics from the Bank of Ghana, the total number of active mobile money accounts increased
Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses. M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach
The amount of money mobilized outside the banking system through mobile money reached record GH¢2.3 billion ending December 2017, according to data from the Bank of Ghana. The amount represents a growth of 84.6 percent over the December 2016 amount of GH¢1.3 billion. These funds mobilized through mobile money are currently held by banks. Mobile
