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Tuesday 18 June 2013

2013-06-13

[B] World Bank approves $155 million for Ghana

2013-06-12

[B] Ghanaian Investment Co. acquires Liberian Finance Co.
[B] AfDB Governors announce Bank’s return to its headquarters in Abidjan

2013-06-11

[B] Bank of Ghana assures public of adequate supply of dollars for banks
[B] Republic Bank rules out an immediate takeover of HFC bank

2013-05-28

[B] COCOBOD to raise $1.25 billion through 5 international lenders

2013-05-19

[B] Fiaseman Rural bank declares 1,828,387.00 cedis as net profit
[B] EDAIF can boost agricultural productivity to GDP- Board Member

2013-05-13

[B] Gov't pins hopes on capital market

2013-05-10

[B] NIC to get tough on uninsured commercial property owners

2013-05-08

[B] MTN commands 65% of data market in Ghana

2013-05-06

[B] Effutu To Get Oil Refinery

2013-05-01

[B] Prestea Comes Alive…As Underground Mines Open

2013-04-20

[B] UT Bank launches Bank on Wheels

2013-04-15

[B] Remove fuel subsidies now - IMF tells Gov't  

2013-04-12

[B] Market premium not negotiable - White Paper

2013-04-09

[B] Offshore oil discovery affecting maritime security dynamics - Navy

2013-04-08

[B] Inflation will return to single digit by June – BoG
[B] Local airlines resume full capacity operations to Kumasi

2013-04-07

[B] Mining sector gives Ghana US$2 billion annually

2013-04-05

[B] Ghana to mine diamond in Zimbabwe

2013-04-04

[B] PEF now Private Enterprise Federation
[B] Tullow Oil downplays worries over possible damages to wells   

2013-03-28

[B] World Bank provides support for developmental gov’t programmes
[B] Sea water to be purified for Takoradi residents   

2013-03-22

[B] Tullow Oil apologizes to Ugandan President over false allegations
[B] GNAT bank can compete – Banking Consultant  
[B] Improving energy capacity is a must - Hannah Tetteh   

2013-03-21

[B] Barclays Bank Ghana MD resigns
[B] Tullow signs 5-year deal with FMC Technologies

2013-03-12

[B] 9% deficit reduction is not ambitious – Dr. Kwakye
[B] Access Bank temporarily closes Ring Road

2013-02-28

[B] 2013 Budget to be presented to parliament on March 5
[B] Employers Association decries high cost and access to credit
[B] Statement: GGBL launches new true Ghanaian beer, Ruut Extra

2013-02-27

[B] Gov’t is scheming to sell TOR - Minority  

2013-02-26

[B] Credit Union Bill anticipated to be passed this year
[B] British Airways is very committed to Ghana - James Wooldridge
[B] Lufthansa awarded 5-Star rating for its First Class product
[B] TOR boss, Energy Minister, make contradictory statements on TOR debt
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Business

[ 2012-05-09 ]

Prince Kofi Amoabeng, Chief Executive Officer of UT Bank

No dividend for UT Bank shareholders
Shareholders of UT Bank will not enjoy dividend
this year. This is as a result of moves to plough
back some of last year's profit to recapitalize
the bank.

This was announced to shareholders at the bank's
Annual General Meeting in Accra on Tuesday.

According to Chief Executive Officer of UT Bank,
Prince Kofi Amoabeng in an interview with Joy
Business disclosed that the decision was also
influenced by a directive from the Bank of Ghana.

"The regulator says we looked at your books and
you have not met the Ghc60 million capital
requirement, so what do you mean you are paying
dividend when you have not recapitalized, it does
not make sense to us..." Kofi Amoabeng added.

Meanwhile UT Bank has secured $10 million dollars
from Dutch investment firm DEG as part of it
recapitalization bid. This adds up to the $15
million from IFC, the private sector arm of the
World Bank.

UT Bank now expects to pay up state capital of
almost Ghc 80 million by June 2012.





Source - Joy Business


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