{"id":46708,"date":"2014-09-11T14:20:04","date_gmt":"2014-09-11T14:20:04","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=46708"},"modified":"2014-09-11T14:20:04","modified_gmt":"2014-09-11T14:20:04","slug":"first-rand-bank-to-begin-operations-in-ghana-next-year","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/09\/first-rand-bank-to-begin-operations-in-ghana-next-year\/","title":{"rendered":"First Rand bank to begin operations in Ghana next year"},"content":{"rendered":"<p><b>Citi Business News<\/b> has gathered South African Bank FirstRand Bank, will begin commercial operations in Ghana early next year.<\/p>\n<p><b>Citi Business News<\/b> can confirm the bank has secured a provisional banking license from the Bank of Ghana to commence operations.<\/p>\n<p>FirstRand, is South Africa\u2019s largest bank by earnings and market capitalization.<\/p>\n<p>This is not the bank&#8217;s first stint in Ghana, it was one of the main bank&#8217;s that expressed interest in acquiring Merchant bank now Universal Merchant Bank (UMB) last year.<\/p>\n<p>CEO of First Rand Sizwe Nxasana in an interview on the banking group\u2019s full-year results said the Bank Of Ghana expects the bank to put in $60m as part of the capital requirements.<\/p>\n<p>According to him &#8216; We have Ghana where we have a provisional banking licence. We are hoping we are going to be up and running there early next year. Mozambique is doing very well for us. It needs a bit of support,\u201d he said.<\/p>\n<p>Asked what the plan was in Ghana, Mr Nxasana said: &#8220;We want to do everything and have a mini-FirstRand.&#8221; The group understood the Ghanaian economy and had deployed capital in the West African country\u2019s real estate, oil and gas, ports and power industries.<br \/>\nBy:\u00a0 Vivian Kai Mensah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citi Business News has gathered South African Bank FirstRand Bank, will begin commercial operations in Ghana early next year. Citi Business News can confirm the bank has secured a provisional banking license from the Bank of Ghana to commence operations. FirstRand, is South Africa\u2019s largest bank by earnings and market capitalization. This is not the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":46709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>First Rand bank to begin operations in Ghana next year  - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2014\/09\/first-rand-bank-to-begin-operations-in-ghana-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Rand bank to begin operations in Ghana next year  - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Citi Business News has gathered South African Bank FirstRand Bank, will begin commercial operations in Ghana early next year. Citi Business News can confirm the bank has secured a provisional banking license from the Bank of Ghana to commence operations. FirstRand, is South Africa\u2019s largest bank by earnings and market capitalization. This is not the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2014\/09\/first-rand-bank-to-begin-operations-in-ghana-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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