List of all articles filed under “ghana-banking” category.
Large corporate organisations and public sector institutions can receive instant payment electronically if they sign onto the e-bills pay system introduced by Ghana Interbank Payment and Settlement System (GhIPSS). This should address payment challenges and improve efficiency at these organisations.
The use of e-bills pay, an electronic payment system that enables large corporate institutions to receive payment via the internet or mobile applications, can reduce the human interface and help bring down corruption at public institutions. E-bills pay is one of the latest initiatives by Ghana Interbank Payment and Settlement Systems (GhIPSS), the national payment infrastructure provider.
There are clear indications that bank customers prefer to have instant access to their money as demand for express and instant services surge. The 2017 performance report issued by GhIPSS shows that the transactions with the highest growth were express cheque, express ACH Direct Credit and the GhIPSS Instant Pay (GIP).
Odun Odunfa shares his assessment of the banking sector in Ghana and presents First Atlantic Bank, a commercial bank that provides banking and financial services. The company was incorporated in 1994 and is based in Accra, Ghana.
“What really makes anyone do the things they do is the passion to impact people’s lives positively and probably because they think they can change the way things are done if they think they have a solution,” says Prince Kofi Amoabeng, CEO of UT Bank.
The life and career of Prince Kofi Amoabeng are entwined with remarkable achievements. What is his advice for rising, future entrepreneurs of Ghana?
Universal Merchant Bank believes that Ghana’s energy problem is an opportunity to provide products aimed at addressing how the energy crisis affects the every day Ghanaian.
“The banking industry has always been vibrant and robust. It has been a very, very tough first half of 2015,” notes Frank Brako Adu Jr, Managing Director of CAL Bank.
“We do not need foreign assistance of that kind to develop the country,” maintains Frank Brako Adu Jr, Managing Director of CAL Bank.
John Awuah believes that the future holds many opportunities for the UMB, which is set to move aggressively into the tier one bank quartile by 2020.
