Skip to main content

West Africa Banking Awards launched

By Toma IMIRHE

The inaugural West African Banking Awards have been launched in Accra. The awards which will be held next year, will be held under the auspices of the Business In Africa publishing group, which publishes the pan-African Business in Africa magazine as well as a prominent local bi-weekly business newspaper in Ghana, Business & Financial Times.

The launch of this year’s awards was done at a gala dinner at La Palm royal Beach Hotel last week during the maiden two-day West African Banking Congress, also organized by the Business in Africa Group. Indeed the maiden awards will be held at the 2009 West African Banking Congress which the organizers have promised to make an annual event. The awards will recognize best banking practices across the sub-region.

The inaugural West African Banking Congress attracted senior professional bankers, economists, IT experts and the likes from across Anglophone West Africa, particularly Nigeria and Ghana. Issues addressed by various presentations during the congress included global trends in banking, regional expansion case studies, key enablers for regional expansion and integration, the West Africa Monetary Zone Payment System, and securities integration, global brand positioning for success and e-payments and transactions among others.

Edith Dankwa, Group Managing Director of the Business in Africa Group, noted during the congress that although the banking industry in West Africa is one of the most rapidly expanding industries, the potential has not been fully tapped.

The organizers of the congress are now looking ahead to their regular pan-continental event, the African Business Leaders Forum, a gathering of business leaders in the private and public sectors. This year’s edition, the sixth, will take place in London next month.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...