The Managing Director of GCB Bank Ltd, Mr Kofi Adomakoh, has decribed Ghana’s digital transformation agenda as laudable. He cautioned that, while pursuing digitilisation goals, “we must take cognisance of the inherent risks associated with digital transformation such as cyber-security, fraud, data and privacy breaches.” Addressing the 5th CEO Summit in Accra in the presence
GCB Bank recorded significant growth in all key performance indicators during the first quarter of 2021, compared to the same period in 2020. Strong growth in customer deposits, revenue and increased focus on optimization of operating expenses were the key drivers of the performance. Profit for the period (before tax) amounted to GHS 181.39m, up
G-Money which was established in January 2020 registered its one-millionth customer on the 10th of April, 2021. The achievement of this milestone in just over a year shows strongly that G-Money is a force to reckon with in the mobile money services marketplace. The trailblazing product was set up to offer an attractive alternative to Mobile
Guaranty Trust Bank (Ghana) Limited and UnionPay International have signed a Memorandum of Understanding (MoU) to mark a partnership which will grow the footprint of UnionPay cards acceptance on the bank’s digital channels. The MoU was signed by the Chief Operating Officer of GTBank, Ayokunle Yusuf, and General Manager, Africa branch of UnionPay International, Luping
Zeepay, the leading African Challenger Fintech with operations in over 10 African countries has acquired a 51 percent stake in Mangwee Mobile Money in Zambia. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the majority shareholder of the entity. Mangwee has
Pan-African fintech provides unprecedented reach on the African continent Pan-African fintech leader MFS Africa has announced that it now reaches over 320 million mobile money wallets, enabling a range of banks, telcos, money transfer operators, and other financial institutions interoperability at scale in Africa through a single integration point. Based on the 2021 State of
RexRetail, an all-in-one solution for small and medium-sized retail shops, helps retailers automate their everyday operations Leading pan-African fintech company, Accelerex Ghana (www.GlobalAccelerex.com.gh), has hit a new milestone, after being granted an enhanced Payment Service Provider (PSP) licence from the Bank of Ghana (BoG), under the Payment Systems and Services Act, 2019 (Act 987). This makes
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global
GCB Bank Limited is the most corporate media visible bank in Ghana, according to a 2020 survey on the banking sector. An extract of a broader traditional and online Ghanaian banks visibility analysis conducted by the Institute of Brands Narrative Analysis (IBNA) put GCB ahead of the other 22 banks operating in the country. The
The Board of GCB Bank Limited has announced the appointment of Mr. Emmanuel Odartey Lamptey as the new Deputy Managing Director (DMD) – Operations. Mr Lamptey was sworn in as the DMD Operations and Executive Director of the Bank on Wednesday, 20th January 2021 by Justice Sophia Bernasko Essah, a Justice of the Court of
