Prime News Ghana

Today's Ghana Business, Banking and Economic news

GCB plans to takeover NIB

GCB Bank Limited has begun overtures to takeover state-owned lender, the National Investment Bank (NIB), in what could create the biggest bank in the country in asset terms.

SIC Life savings and loans wins international award

SIC Life Savings and Loans has won the Business Initiatives Direction (BID) International Arch of Europe Award for demonstrating commitment to quality service delivery and innovation.

The award comprising ninety members from countries globally was established to recognise the contributions of organisations with proven commitment to quality and continuous quest for excellence towards customers, through attention to products and services.

The core criteria to merit this prestigious award are based on customer satisfaction, innovation, quality, business excellence, profitability, among others.

Managing Director of SIC Life savings and loans Richard Appietu, said the Award was very significant as it would serve as a standard to measure the performance of the institution and the impact it had created on the growth of the country’s economy and globally.

The Company, a subsidiary of SIC Life has clocked a healthy growth within a short time of operation by offering profitable financial solutions and innovative products designed to meet the growing demands in the sector. It is currently one of the fastest growing financial institution in the country.

According to him, the organization has over the year’s recorded considerable growth with a focus on offering the best customer service and leadership practices, consistency in profit generation, backed by the quality of its brand.

“Within a four year period, we have been able to move the company from a loss making one to a profit oriented institution, with consistent dividend, the total assert of the company as at the year 2013 was 8.1, now it has  increased to over 200 hundred million cedis” he noted.

Mr Appietu said the organization is solidly backed by 400 dedication and highly experienced staff that has helped to make the company the most sought after within the savings and loans sector.

He mentioned that “SIC Life Savings and Loans is doing a lot of informal sector education to help the public to trust the industry again and to make them understand that the best way to become financially independent is to cultivate and master the habit of saving.”

He advised the public to thoroughly check the institutions they intended to transact business with to ensure their capital are secured.

GTBank awarded “Financial Services Provider of the Year”.

Guaranty Trust Bank (Ghana) Limited has again been recognized for its efforts towards the development of the shipping and maritime sector of the Ghanaian economy with the award of “Financial Services Provider of the Year” at the maiden edition of the Ghana Shippers Awards 2017 held in Accra.

Ghana’s Digital Migration Postponed to Next Year

Deadline for Ghana's much anticipated digital migration, which is aimed at providing the over 28 million Ghanaians the opportunity to enjoy a 100% television experience across the nation, has been postponed to next year - 2018.

Finance Ministry to maintain 3% VAT flat rate.

The much-heralded meeting between the Finance Minister Ken Ofori Atta and the Parliamentary Select Committee on Finance over the controversial 3% VAT rate has ended with little change.

Gov’t risks losing US$57m shares in AngloGold Ashanti

Balkan Energy has turned to a South African High Court to allow it to sell Ghana’s six million shares in AngloGold Ashanti to defray a US$12 million ‘judgement debt’ it was awarded against government, following a 2007 deal that went bad.

Who is Africa’s Most Important Economic Partner?

The rapidly growing level of business activity between China and various African countries has aroused intense interest within the continent amounting to the question: who is Africa’s most important economic partner?