Category: Bank
Panic withdrawals hit mobile money nationwide as a result of the 1.7% E-levy
Ghanaians across the country are rushing to Mobile Money Vendors to cash out their deposits before the 1.7% Electronic Transaction Levy (e-levy) takes effect. The…
Why the American megabanks — survivors of the last crisis in 2008
There are several reasons why the American megabanks — survivors of the last crisis in 2008 — were the main beneficiaries of the deposits bonanza….
Is it true that America’s banks have too much cash?
A record $2 trillion surge in cash has hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according…
G-Money Mobile Wallet and MTN Mobile Money: The ultimate comparison
MTN’s Mobile Money service has been the industry leader in mobile payment platforms since its inception in the late 2000s. Over the years, despite the…
Buyer of financial savings and loans, microfinance plans to get installment – Bawumia
VP Dr. Mahamudu Bawumia Tuesday assured contributors of the lifeless reserve funds and credit and microfinance organizations, whose property had been bolted up, of full…
Gov’t to launch universal QR code to make Ghana cashless society
The government will in December 2019 launch a Universal QR code in a bid to make Ghana a cashless society, Vice President, Dr. Mahammudu Bawumia…
Bawumia launches ‘world’s first’ dual-purposed finance card
Vice President Dr Mahamudu Bawumia, has launched what has been described as the world’s first dual-purpose EMV and financial inclusion payment card in Accra. Known…
Government goes cashless to eliminate payroll ghost payments – Dr. Bawumia
Public sector workers will in no time be paid via a cashless mode to eliminate the challenge of ghost names in its payroll, Vice President…
World Bank projects 7.5% growth of Ghana’s economy
Ghana’s economy is projected to grow by 7.5 per cent in 2019 from the 6.3 recorded last year, a study by the World Bank has…
Africa to grip digital transformation to encourage growth – World Bank urges
Mr Albert Zeufack, the World Bank’s Chief Economist for Africa, on Monday, urged African nations to embrace digital transformation to modernise their economies and reinforce…
Bank of Ghana to introduce upgraded Ghana cedi notes
The Bank of Ghana will issue upgraded and security-enhanced banknotes into circulation on May 6, 2019. The new enhanced security features are an optically variable…
Woman uses little daughter as collateral for GHC290 loan
The incident, YEN.com.gh has gathered, happened at a town called Sapele in the Delta state of Nigeria. According to information gathered by YEN.com.gh, the wanted…