OmniBSIC Bank Ghana Limited
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OmniBSIC Bank Ghana Limited
OmniBSIC Bank Ghana Limited is a commercial bank in Ghana that is licensed by the Bank of Ghana, the central bank and national banking regulator. It was created by the merger of the erstwhile ''Omni Bank Ghana Limited'' and ''BSIC Ghana Bank Limited''. Location The headquarters of the bank and its main branch, are located at Atlantic Tower, Airport City, in Accra, Ghana's capital. As of April 2020, the geographical coordinates of OmniBSIC Bank's headquarters are:05°36'31.0"N, 0°12'31.0"W (Latitude:5.608611; Longitude:-0.208611). Overview OmniBSIC Bank Ghana Limited is a retail bank that serves large corporations, small and medium enterprises, individuals and non-governmental organisations in Ghana. As of March 2019, the bank's total assets were GHS:1.22 billion (approx. US$215 million), with shareholders' equity of in excess of GHS:400 million (approx. US$70 million). At that time, the bank served over 125,000 customers at 46 brick-and mortar branches and employed 614 perm ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Bank Of Ghana
The Bank of Ghana ( BoG) is the central bank of Ghana. It is located in Accra and was formed in 1957. The bank is active in developing financial inclusion policy and is a member of thAlliance for Financial Inclusion History The Central Bank of Ghana traces its roots to the Bank of the Gold Coast (BGC) or Ghana Commercial Bank, where it was nurtured. As soon as local politicians and economists saw political independence in sight in the mid-1950s the agitation for a central bank was revived. It was argued that a central bank was one institution which would give true meaning to political independence. It may be recalled that way back in 1947 some leading politicians had called for the establishment of a national bank with central bank functions to act as banker to government and to cater for the indigenous sector of the economy. Proposals of the advocates for a central bank were accepted and in early 1955 another select committee was set up by the government to take a new loo ...
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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 Companies Of Ghana
Ghana is a Unitary state, unitary Presidential system, presidential constitutional democracy, located along the Gulf of Guinea and Atlantic Ocean, in the subregion of West Africa. A multicultural nation, Ghana has a population of approximately 27 million, spanning a variety of ethnic, linguistic and religious groups. Five percent of the population practices traditional faiths, 71.2% adhere to Christianity and 17.6% are Muslim. Its diverse geography and ecology ranges from coastal savannahs to tropical jungles. Ghana is a democratic country led by a president who is both head of state and head of the government. Ghana's economy is one of the strongest and most diversified in Africa, following a quarter-century of relative stability and good governance. Ghana's growing economic prosperity and democratic political system have made it a regional power in West Africa.Arie Marcelo, ''Zones of Peace in the Third World: South America and West Africa'', Kacowicz, p. 144. Notable firms Th ...
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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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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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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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Non-governmental Organisation
A non-governmental organization (NGO) or non-governmental organisation (see American and British English spelling differences#-ise, -ize (-isation, -ization), spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit organization, nonprofit entities, and many of them are active in humanitarianism or the social sciences; they can also include club (organization), clubs and voluntary association, 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 organization, 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 ...
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Small And Medium 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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Airport City
An airport city is the “inside the fence” airport area of a large airport, including the airport (terminals, apron, and runways) and on-airport businesses such as air cargo, logistics, offices, retail, and hotels. The airport city is at the core of the Aerotropolis, a new urban form evolving around many major airports. The concepts of airport cities and Aerotropolises are promoted in the works of John D. Kasarda, a professor and a CEO of a consulting company associated with these concepts. General description The airport city model is based on the idea that an airport can target non-Aeronautics, aeronautical services such as offices, hotels, Convention center, convention centers, and entertainment to generate new sources of income. Airports are now routinely targeting non-aeronautical revenue streams amounting to 40–60% of their total revenues. Industry leaders and researchers share best practices on non-aeronautical revenues for airports at conferences and in literature, ...
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Mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the form ...
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