The Koforidua Branch Manager of the ARB Apex Bank, Mr Charles Frimpong Asare has urged member banks to cooperate with the Bank of Ghana (BoG) to develop a robust banking system to support the economic transformation of the country.
He noted that a lot of changes have been taking place in the financial services sector of the country adding that directors, shareholders and management of the RCBs must up their games by embracing every facet of the new regulatory requirements by the BoG.
The Central Bank of Nigeria, CBN, has said banks will tighten criteria for corporate loans in the third quarter of the year.
The apex bank said the criteria include more collateral, stronger loan covenants and higher fees/commissions for corporate loans.
CBN disclosed this in its Credit Condition Survey, CCS, report for the second quarter.
The report also indicated that though there was a decline in the availability of corporate loans in the second quarter of the year, banks intend to reverse this trend in the third quarter.
Women have shown they are more likely to repay their loans when compared to their male counterparts, statistics from the Women's Bank have shown.
The bank, which focuses on the empowerment of women, having launched August last year, has processed over 50 000 accounts according to Women's Affairs Minister Sithembiso Nyoni.
Nyoni said information from the bank showed 58 313 accounts were opened with 11 692 loans having been disbursed to date.
In 2017 and 2018, Kenya took the lion’s share of private equity investments in East Africa. This is indicated in a report co-issued June 20 by the audit cabinet KPMG and the East Africa Venture Capital Association (EAVCA).
Of $1.4 billion invested over the period, Kenya captured $1.2 billion. According to the report, the largest transactions were made in Kenya for $1.2 billion. This country remains the most popular investment destination in East Africa, with a particular focus on the agribusiness, financial services and consumer goods sectors.