Consolidated Bank Ghana
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Consolidated Bank Ghana
Consolidated Bank Ghana (CBG) is a commercial bank in Ghana. It is licensed by the Bank of Ghana, the central bank and national banking regulator. Location The headquarters and main branch of the bank are located on the First Floor, Manet Tower 3, Airport City, Accra. This location is immediately west of Kotoka International Airport. The geographical coordinates of the headquarters of CBG are:05°35'59.0"N, 0°10'38.0"W (Latitude:5.599722; Longitude:-0.177222). Overview Consolidated Bank Ghana Limited (CBG) is a large financial services organization, serving large corporations, high net-worth individuals, non-governmental organizations, regular customers and small and medium sized enterprises. As of 31 December 2021, the bank had total assets of GHS:10,751,164,000 (US$1,449,578,900), with shareholders' equity of GHS:801,545,000 (US$108. 1 million). As of October 2019, CBG had 114 branches, 119 ATMs and approximately one million customers. History In September 2017, the Bank ...
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Parastatal
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ...
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Kotoka International Airport
Kotoka International Airport is an international airport in Accra, the capital of Ghana. The airport is operated by Ghana Airports Company Limited, Ghana Airports Company Limited (GACL), which has its offices on the airport property. It is the sole international airport in Ghana. In 2019, the airport served a record 3 million passengers, although this reduced to 2.1 million in 2021 due to the COVID-19 pandemic. It presently serves as a hub for domestic and regional operator Africa World Airlines, and a base for domestic operator Passion Air. The airport consists of two passenger terminals, Terminal 2 and Terminal 3. Terminal 2 serves only domestic flights, while Terminal 3 serves regional, international and long-haul operators. Terminal 1 is presently no longer in use, but will be redeveloped into an Fixed-base operator, FBO. Terminal 3 has the capacity for large aircraft such as the Airbus A380. The airport has been recognised as the "Best Airport in Africa" (2-5 Million pa ...
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Banks Of Ghana
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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Economy Of Ghana
The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals. These have given Ghana one of the highest GDP per capita in West Africa. Owing to a GDP rebasement, in 2011 Ghana became the fastest-growing economy in the world. The Ghanaian domestic economy in 2012 revolved around services, which accounted for 50% of GDP and employed 28% of the work force. Besides the industrialization associated with minerals and oil, industrial development in Ghana remains basic, often associated with plastics (such as for chairs, plastic bags, razors and pens). 53.6% of Ghana's workforce were employed in agriculture in 2013.Clark, Nancy L. "Agriculture" (and subchapters). A Country Study: Ghana' (La Verle Berry, editor). Library of Congress Federal Research Division (November 1994). ...
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List Of Banks In Ghana
Below is a list of commercial banks in Ghana, as of March 2020. Banks # Absa Bank Ghana Limited # Access Bank Ghana Plc # Agricultural Development Bank of Ghana # Bank of Africa Ghana Limited # CalBank Limited # Consolidated Bank Ghana Limited # Ecobank Ghana Limited # FBN Bank Ghana Limited # Fidelity Bank Ghana Limited # First Atlantic Bank Limited # First National Bank Ghana First National Bank Ghana Limited (FNBGL), commonly referred to as First National Bank Ghana, is a commercial bank in Ghana. It is licensed by the Bank of Ghana, the central bank and national banking regulator. Location The bank's headquarters ... # Ghana Commercial Bank, GCB Bank Limited # Guaranty Trust Bank, Guaranty Trust Bank Ghana Limited # National Investment Bank, National Investment Bank Limited # OmniBSIC Bank Ghana Limited # Prudential Bank Limited # Home Finance Company, Republic Bank Ghana Limited # SG-SSB, Société Générale Ghana Limited # Stanbic Bank, Stanbic Bank Ghana Limit ...
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Association Of Ghana Industries
Association of Ghana Industries (AGI) is the umbrella body that regulates the activities of industries in Ghana. The body also lobbies the Government of Ghana on issues that affect industries in the country. Industrial conference in China The association, together with the Qingdao Cross border E-commerce Association, arranged a corporate and industrial partnership building convention in July 2019 in the city of Qingdao, China. Over 20 Ghanaians attended the summit whilst the Chinese delegation had more than a 100 members. The conference included factory visits to firms in Qingdao. There was also business trip to Zaozhuang to seek industrial opportunities in the Shandong Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region. Shandong has played a major role in Chinese history since the beginning of Chinese civilizati ... Province. References {{Ghana-stub Business organisations ba ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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Government Of Ghana
The Government of Ghana was created as a parliamentary democracy, followed by alternating military and civilian governments in Ghana. In January 1993, military government gave way to the Fourth Republic after presidential and parliamentary elections in late 1992. The 1992 constitution divides powers among a president, parliament, cabinet, council of state, and an independent judiciary. The government is elected by universal suffrage. Government Political parties became legal in mid-1992 after a ten-year hiatus. There are more than 20 registered political parties under the Fourth Republic. The two main parties are the National Democratic Congress and the New Patriotic Party. The National Democratic Congress is the successor organisation to Jerry John Rawlings' Provisional National Defence Council which was in power from 1981 to 1992."Government and Politics". A Country Study: Ghana' (La Verle Berry, editor). Library of Congress Federal Research Division (November 1994). ''Thi ...
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Daily Graphic (Ghana)
The ''Daily Graphic'' is a Ghanaian state-owned daily newspaper published in Accra, Ghana. History The paper was established along with the ''Sunday Mirror'' in 1950, by Cecil King of the London Daily Mirror Group.Eribo, F., & W. Jong-Ebot, eds (1997). ''Press Freedom and Communication in Africa.'' Africa World Press. . With a circulation of 100,000 copies, the ''Graphic'' is the most widely read daily newspaper in the country. One journalist in particular, Fredrick Botchway, so gifted in his work had excelled at the paper and was swiftly promoted to Chief Editor in the mid 1950s. The paper has seen many editors replaced over the course of its history, particularly post-independence, after a string of successive military coups that resulted in the sacking editors who opposed the government policies.Anokwa, K. (1997). In Erbio & Jong-Ebot (1997), ''Press Freedom and Communication in Africa'', Africa World Press. In 1979 the newspaper was renamed the ''People's Daily Graphic'' ...
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UniBank
uniBank (Ghana) Limited, commonly known as uniBank, was an indigenous private bank in Ghana, West Africa. The bank was placed in administration in March 2018 and subsequently consolidated as part of the Ghana Government's handling of its banking crisis. The collapse was controversial as it involved allegations of trading insolvently, and 5 billion cedis in illegal and related party transactions, unlawful loans and illegal acquisition of bank assets by Directors and shareholders. Founded by a former governor of the Bank of Ghana, uniBank was one of the thirty-five commercial banks licensed to operate in Ghana. Overview uniBank was a tier one financial services provider, in 2013 the bank's total assets were valued at approximately US$433 million (GHS:1.3 billion), with shareholders' equity of approximately US$50 million (GHS:151 million). The bank was placed under administration on 20 March 2018 as part of Ghana's ongoing banking crisis. It was subsequently placed in receivers ...
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Small And Medium Sized Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a lar ...
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Non-governmental Organization
A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in humanitarianism or the social sciences; they can also include clubs and associations that provide services to their members and others. Surveys indicate that NGOs have a high degree of public trust, which can make them a useful proxy for the concerns of society and stakeholders. However, NGOs can also be lobby groups for corporations, such as the World Economic Forum. NGOs are distinguished from international and intergovernmental organizations (''IOs'') in that the latter are more directly involved with sovereign states and their governments. The term as it is used today was first introduced in Article 71 of the newly-formed United Nations' Charter in 1945. While there is no fixed or formal definition for what NGOs are, they are genera ...
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