In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April 2024 Summary of […]
The GCB Bank PLC has sought the approval of its shareholders for GH₵1 billion to meet the regulatory capital adequacy ratio requirements and strengthen access to funding markets in order to bolster confidence in the Bank. This target has been necessitated in the bid to address the impact of the Domestic Debt Exchange Program (DDEP). […]
GCB Bank has laid off 56 staff on grounds that they do not possess the minimum qualification required to work with the bank, but the affected workers allege unfair treatment. An ongoing employee audit of employees inherited from UT and Capital banks raised issues with the minimum qualification of about 160 staff. The bank has […]
National Coordinator of one of government’s flagship programmes, the One District One Factory initiative, Gifty Ohene Konadu has revealed that so far funding has been secured for the construction of some 54 factories across the country. The funding according to her has been made possible by the various banks in the country including, the Export […]
