BANKS risk a decline in revenue in the coming years if they fail to adopt financial technology (fintech) strategies in the wake of the increasing preference for flexible payment systems, an expert in financial services technology has cautioned.
The Ghanaian cedi continues to show strength against major currencies, especially the US dollar, the latest report released by Bank of Ghana indicates.
The profit before tax (PBT) of the banking industry shot up by 27.4% to ¢4.9 billion in the first eight months of this year, signaling a recovery in economic activity.
The ARB Apex Bank has cautioned rural and community banks (RCBs) against poor credit management, urging them to put in place measures to strengthen credit management to avert running into liquidity challenges and improve upon their profitability performance.
Minister of Information, Kojo Oppong Nkrumah, has said the government’s topmost priority was economic recovery from the coronavirus pandemic and called on the media to offer the needed support.
