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Linda Larbie's Blog – May 2012 Archive (4)

World Bank Announces Makhtar Diop as its New Vice-President for Africa

Makhtar Diop, a Senegalese national with more than 25 years of development experience, today becomes the new World Bank Vice-President for Africa.  

 

Diop was previously Country Director for Brazil since 2009 where he managed the World Bank’s largest country program. Prior to joining the Bank, Diop worked at the International Monetary Fund and served as Minister of Finance of Senegal, and as Chair of the West African Monetary Union (WAEMU) Board of Finance…

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Added by Linda Larbie on May 10, 2012 at 4:03pm — No Comments

GTBank Introduces Mobile Savings Account In Ghana

To further expand its range of convenient banking services, Guaranty Trust Bank (Ghana) Limited has teamed up with Airtel Ghana Limited to introduce mobile savings account.

Named as GTMobile Savings Account, this service offers new or existing GTBank and Airtel customers the opportunity of transacting some normal banking operations through their mobile phones by linking their mobile money wallet to their GTBank account(s).



The service allows users to make deposits into their…

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Added by Linda Larbie on May 10, 2012 at 4:01pm — No Comments

Bank of Ghana draws investors to T-bills

The Bank of Ghana (BoG) is luring investors to government paper with higher yields that will raise the opportunity cost of holding dollars and stabilise the exchange rate.



At its auction last Friday, for bills to be issued this week, the bank hiked interest rates on short-term bills and notes to levels not seen in two years. The yield on the 91-day bill rose to 15.4%, the highest since March 2010, while the 182-day bill…

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Added by Linda Larbie on May 10, 2012 at 3:59pm — No Comments

IFC and The MasterCard Foundation Launch Partnership to Improve Financial Services for Millions in Africa

IFC, a member of the World Bank Group, and The MasterCard Foundation today launched a partnership to increase access to financial services for an estimated 5.3 million people in Sub-Saharan Africa. Building on recent economic momentum and stability in many African economies, the project will create new opportunities for economically disadvantaged people to expand businesses, gain access to cost-effective financial services, and manage risk.

Through this new…

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Added by Linda Larbie on May 8, 2012 at 6:08pm — No Comments

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