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What Is the Difference Between a Commercial Bank and a Savings & Loan Bank?

If you want to store your cash, you can stuff it into your mattress or, like most people, keep it in a bank. Banks are highly regulated and your deposits are insured, which means you generally don’t have to worry about ending up penniless if your bank goes under.   Savings Bank Vs Commercial Bank: Key Differences There are commercial ...

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GHANA’S ECONOMY VERY WELL THAN PRESIDENT AKUFO-ADDO – Dr Franklin Osei Akoto

Source : ghanapoliticsonline.com At the time I was criticising President John Mahama, I had no regrets criticising him,like I have no regrets no criticising the Akufo Addo administration, but I want to say emphatically that if you carry out comparative analysis between the Mahama administration and Akufo Addo’s administration, I would say President Mahama is far far mileage above this ...

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Thoughts in the midst of crisis: The recent merger, acquisition, and consolidation of banks in Ghana.

How do you spot a country with a banking crisis? Panic withdrawals and customer’s inability to access savings are two engrained symptoms. But the nadir can arguably be linked to bank failures or banking activities characterized by a full-blown crisis of confidence. With the above conditions being present, crisis, in our opinion, is a perfect description of the current state ...

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Economist: Ineffective warning notices not a solution to Mensgold crisis

Accra, Ghana, December 31, 2018//-A renowned economist and Professor at the University of Cape Coast (UCC), John Gatsi, says ineffective investment warning notices issued by financial market regulators are not the solution to addressing the Menzgold crisis. According to him, “In an environment of ineffective investment warning notices and weak financial literacy, innocent investors become victims and not criminals”. The ...

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We will overcome this challenge Nduom !

I have been gone from Ghana for about three weeks. I have been on a business trip to encourage Ghanaians and non Ghanaians interested in doing business in Ghana to invest through our company, Groupe Nduom. Back home, panic withdrawals from financial institutions have continued. I have written about this. I have asked our citizens to stand by our indigenous ...

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Cal Bank injects fresh capital to meet BoG requirement

Source: ghananewsagency.org Cal Bank on Wednesday outlined robust measures which includes injection of fresh capital or capitalisation of income surplus to meet Bank of Ghana (BOG) new Minimum Capital Requirement of GH¢400 million in stated capital by December 2018. The Bank said it would transfer balance of GH¢50 million from income surplus to stated capital to meet the requirement, and ...

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Chinese replicas kick cane weavers out of business

He starts by peeling the bark off the rattan, which we know as cane, and then cuts them into pieces that can be used for weaving furniture, baskets, wardrobes, and lamp-shades among others. This is no small task as it can take as long as five days to complete a set of furniture, for example. Yet Kweku Mante, someone who ...

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Meet the Ghanaian woman making a living from barbering in Accra

Before becoming a full-time barber, Fidelia Adogo had dreams of becoming a military officer, but it was impossible because she had no formal education. So she did what most people handed the same circumstances do – she migrated from Atsiave Adogokope in the Volta Region, to Accra – to make money. Fidelia spoke only Ewe when she first moved to ...

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