Saturday, May 24

Tag: Banks

Kwahu Forum Urges Banks to Lower Interest Rates for Businesses
Business

Kwahu Forum Urges Banks to Lower Interest Rates for Businesses

Participants at the second Kwahu Business Forum have called on financial institutions to lower interest rates and ease collateral demands on loans. The majority, comprising entrepreneurs and business owners, argued that high interest rates and excessive collateral requirements prevent access to financial assistance and hindered business growth. The remarks were shared during a Q&A session at the Business Forum, which focused on the theme “The Future of Business: The Role of the Financial Sector.” They raised the concerns during a question-and-answer session at the forum, which focused on the theme “The Future of Business: The Role of the Financial Sector,” held at the Mpraeso Social Centre in the Kwahu South Municipality. President John Dramani Mahama, together with Mr. Jul...
Fidelity Bank’s Chief Risk Officer urges banks to stay abreast of digital innovations
Business

Fidelity Bank’s Chief Risk Officer urges banks to stay abreast of digital innovations

 Dr. David Animante, Chief Risk Officer at Fidelity Bank Ghana, has urged banks to keep pace with “digital disruptions” led by financial technology (Fintech) and telecommunications companies.  Speaking at the 28th National Banking and Ethics Conference, he said traditional model of banking was being replaced with digital wallets, QR codes, and point-of-sale systems, therefore, financial institutions should catch up with the trend. He, however, cautioned against cybersecurity risks associated with digital innovations, and emphasised the essence of mitigating such risks. The forum was organised by the Chartered Institute of Bankers Ghana on the theme: “Navigating Horizon Risks: Strategies for Financial I...