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Tag Archives: Banks

Robust financial sector will drive economic growth – Ofori-Atta

Finance Minister, Ken Ofori Atta,  has spoken of the need for Ghana to strengthen the capacity of its indigenous banks in order to drive the country towards economic development. According to him, a concerted effort is needed to improve the country’s financial sector to enable it support the developmental agenda of the government. “For Ghana to take greater control of ...

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Oxfam exposes tax haven habits of EU big banks

The twenty biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favourite destinations, a report by Oxfam said on Monday. The findings come as the tax affairs of major multinationals are under the microscope after revelations in the LuxLeaks and Panama Papers scandals showed the methods used by ...

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Banks find innovative ways to manage liquidity

Over the past six years, banks have increased their appetite for funds from overnight lending and placements which they source under repurchase agreements (REPOS) as an alternative but less costly way to manage their cash reserve ratios (CRRs). Between 2010 and September this year, the face value of transactions executed under REPOS rose by 366.1 per cent to GH¢123.14 billion. ...

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