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Capital Bank (Ghana)
Capital Bank (previously First Capital Plus Bank) was an indigenous private national development and commercial Ghanaian bank. It was one of the private national development and commercial banks licensed by Bank of Ghana, the national banking regulator. On August 14, 2017, the Bank of Ghana announced it had revoked its license due to insolvency during Ghana's banking crisis. The bank was then taken over by GCB Bank. The founder of the bank, William Ato Essien and three others were subsequently charged with misappropriating 100 million Ghana Cedis of the Bank's assets. History Capital Bank was founded by William Ato Essien on 29 October 2009 as a microfinance company. As the assets of the company grew, it became a Savings and Loans Company known as First Capital Plus Saving and Loans Company. In 2010 the microfinance grew its deposit base to 36.06 million cedis and total asset size of 47.18 million cedis. In 2013 First Capital Plus Bank had a deposit base of 211.11 million c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Development Bank
A national development bank is a development bank created by a country's government that provides financing for the purposes of economic development of the country. List of development banks Americas * Business Development Bank of Canada * Brazilian Development Bank (BNDES) * Banco de Desarrollo de El Salvador (BANDESAL), El Salvador * Corporación Financiera de Desarrollo (Cofide), Peru * Financiera de Desarrollo Territorial (FINDETER), Colombia * Puerto Rico Government Development Bank * Development Bank of Jamaica, Jamaica *Reconstruction Finance Corporation Europe * Development Bank of Austria * British Business Bank * Bank Gospodarstwa Krajowego (BGK) of Poland * Black Sea Trade and Development Bank * Banque publique d'investissement, Bpifrance * Bulgarian Development Bank * Caisse des Dépôts et Consignations * Cassa Depositi e Prestiti * Croatian Bank for Reconstruction and Development * Eurasian Development Bank *European Investment Bank * Hellenic Industrial Developme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghana Football Association
The Ghana Football Association (GFA) is a governing body of association football, based in Accra. Founded in 1957, it was dissolved with "immediate effect", according to Minister of Sport, Isaac Kwame Asiamah, on 7 June 2018, after the uncovering of a corruption scandal. In October 2019, a new president, Kurt Okraku, was elected and the association reconvened upon the completion of the work of the FIFA Normalization Committee. Mark Addo was elected vice president in November 2019. Event In 1957, Ohene Djan was elected General Secretary of the Football Association by the clubs and the Ghana Amateur Football Association was officially founded. He strategically affiliated the Association with FIFA in 1958 and CAF in 1960.CAF and FIFA, ''50 years of African football – the DVD'', 2009, Ghana Correspondence 18 June 1963. ''"MEMBERSHIP OF AFRICAN FOOTBALL CONFEDERATION: I refer to your letter No.RC/Vr of 22 March 1963, and inform you that my Association has been a member of the Af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghana Premier League
The is the top professional association football division of the football league system in Ghana. Officially formed in 1956 to replace a previous league incarnation, the Gold Coast Club Competition (which began in 1933 and ended in 1953–54), the league is organized by the Ghana Football Association and was ranked as the 11th best league in Africa by the IFFHS from 2001 to 2010, and the league was also ranked 65th in the IFFHS' Best Leagues of the World ranking, in the 1st Decade of the 21st Century (2001–2010). on 4 February 2014. It has been dominated by Asante Kotoko and Hearts of Oak. The bottom 3 teams are relegated at the end of each season and placed in each zone of the Ghanaian Division One League. The 2019–20 season was halted and eventually cancelled due to the COVID-19 pandemic in Ghana that mirrored the cause of postponement or cancellation of association football leagues and competitions across the globe. Participating clubs (2022–23) Previous winners ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spintex Road
Spintex Road is a suburb of Accra, the capital of Ghana. The name originally denotes the road which is parallel to the Tema Motorway The Tema Motorway officially known as the N1 Highway is a highway that links Tema to Accra—capital of Ghana. It is the only motorway in Ghana. , is a major highway in Ghana that connects the capital city of Accra with the industrial city of Te ..., has become generic and is used when describing the area along the route. Spintex Road is a vibrant travel destination in the colourful city of Accra, the capital of Ghana, winding down from the Tetteh Quarshie Interchange to the beach at Tema. In between, one will find market stalls overflowing with produce, smart city malls and a huge selection of restaurants to choose from. References Accra {{GreaterAccra-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Phones
A mobile phone, cellular phone, cell phone, cellphone, handphone, hand phone or pocket phone, sometimes shortened to simply mobile, cell, or just phone, is a portable telephone that can make and receive calls over a radio frequency link while the user is moving within a telephone service area. The radio frequency link establishes a connection to the switching systems of a mobile phone operator, which provides access to the public switched telephone network (PSTN). Modern mobile telephone services use a cellular network architecture and, therefore, mobile telephones are called ''cellular telephones'' or ''cell phones'' in North America. In addition to telephony, digital mobile phones ( 2G) support a variety of other services, such as text messaging, multimedia messagIng, email, Internet access, short-range wireless communications (infrared, Bluetooth), business applications, video games and digital photography. Mobile phones offering only those capabilities are known as featur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UT Bank
UT Bank Ghana Limited, commonly known as UT Bank (UTB), was a commercial bank in Ghana. , the bank was one of the commercial banks licensed by Bank of Ghana, the national banking regulator. On August 14, 2017, the bank of Ghana announced it had revoked its license, together with Capital Bank. The bank was taken over subsequently by GCB Bank. Overview UTB was a medium-sized financial services provider headquartered in Ghana with subsidiaries in West Africa and Western Europe. The bank's total assets in December 2011 were valued at approximately US$378.4 million (GHS:712.9 million), with shareholders' equity of approximately US$32.5 million (GHS:61.23 million). History In 1997, Joseph Nsonamoa, Prince Kofi Amoabeng co-founded Financial services and then renamed it Unique Trust Financial Services. UT Financial Services was a non-bank financial services provider (NBFI), in Ghana, which was incorporated in 1997. Over time, the NBFI acquired subsidiaries and was listed on the Ghana S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghana Cedi
The cedi ( ) (currency sign: GH₵; currency code: GHS) is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One cedi is divided into one hundred pesewas (Gp). After independence Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The new republic's first independent currency was the Ghanaian pound (1958–1965). In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. The African name Cedi (1965–1967) was introduced in place of the old British pound system. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. one hundred old pence, so that 1 pesewa was equal to one penny. After ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings And Loans Company
Savings and Loans Company is a statutory term used for non-bank financial institutions in Ghana. There are 37 Savings and Loans Companies released by the Bank of Ghana as at January 2017. Such institutions are licensed by the Bank of Ghana under the Financial Institutions non-Banking Law 1993 (PNDC The Provisional National Defence Council (PNDC) was the name of the Ghanaian government after the People's National Party's elected government was overthrown by Jerry Rawlings, the former head of the Armed Forces Revolutionary Council, in a coup ... Law 328). References Financial services in Ghana {{Ghana-stub A savings and loans limited is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. They are also known as thrift institutions in the United States, United Kingdom, Ireland and some Commonwealth countries. It is a system of banking (even though it is not a bank) where depositors and borrowers are members with vot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GCB Bank Limited
GCB Bank Limited formally known as ''Ghana Commercial Bank'' is the largest bank in Ghana in terms of total operating assets and share of industry deposits, with 14.2% of total industry deposits. In August 2017, the Bank of Ghana, the nation's central bank, announced that it had approved a Purchase and Assumption transaction with GCB Bank Limited for the transfer of all deposits and selected assets of UT Bank and Capital Bank (Ghana) to GCB Bank Ltd. Overview GCB Bank Ltd is the largest indigenous financial institution in Ghana with 184 branches. , the bank's total assets were valued at about GHS9.7billions+, with shareholders' equity of approximately GHS:1.3billion+. History The bank was founded in 1953, with 27 employees, as the Bank of the Gold Coast. Initially, it focused on serving Ghanaian traders, farmers, and business people, who could not obtain financing from the expatriate banks. In 1957, when Ghana attained Independence, the bank re-branded to Ghana Commercial Bank, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
