DOCSLIB.ORG

1 CONTACT DETAILS of PENSION FUND CUSTODIANS No. Company

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
1 CONTACT DETAILS of PENSION FUND CUSTODIANS No. Company CONTACT DETAILS OF PENSION FUND CUSTODIANS No. Company Name & Address Location Company Company Email & Website Contact Telephone # Person/Mobile 1. ECOBANK GHANA LIMITED Ecobank Ghana 0302-681146–8 [email protected] Vera-Marie Ayitey- PMB, GPO, Accra. Head Office. 0302-680869 Smith 0244-483036 2. STANDARD CHARTERED BANK High Street, 0302-664591–8, [email protected] Beverly Firmpong GHANA LTD. Accra 0302-769210–22 [email protected] 0302-633569 P. O. Box 768, Accra. 0202-023933 3. STANBIC BANK GHANA Stanbic Heights, 0302-610690 [email protected] Eunice Amoo- LIMITED Airport City, www.stanbic.com.gh Mensah P. O. Box CT 2344, Accra. Accra [email protected] 0244-333145 4. CAL BANK LIMITED No. 23 0302798334/5 [email protected] Nan Opoku (Ms.) P. O. Box 14596, Accra- Ghana. Independence www.calbank.net 0244-601170 Avenue-Ridge, [email protected] Accra 5. GUARANTY TRUST BANK 25A, Castle 0302-611560 [email protected] Solace Fiadjoe (GHANA) LTD. Road, 0302-662727 [email protected] 0504-100263 P. O. Box CT 416, Cantonment Ambassadorial www.gtbghana.com Area, Ridge, Accra. 6. AGRICULTURAL ADB House, 0302-770403 [email protected] Elorm Aidem DEVELOPMENT BANK Independent 0302-762104 www.agricbank.com 0244-253181 P. O. Box 4191, Accra. Avenue, 0302-783123 [email protected] Accra. 0302-784394 0302-262085 7. REPUBLIC BANK GHANA #48A, Sixth 0302-664372 www.republicghana.com Audrey Smith LIMITED Avenue, North 0302-668890 [email protected] Dadzie Head of Custody Services Ridge, Accra [email protected] 0208-737616 Department P. O. Box CT4603, Cantonment, Accra. 1 No. Company Name & Address Location Company Company Email & Website Contact Telephone # Person/Mobile 8. PRUDENTIAL BANK 8 John Harmond 0302-781197 [email protected] Seth A. LIMITED Street, Ring Road [email protected] Kyeremeh PMB, General Post Office, Central, Accra. [email protected] 0244-762652 Accra. 9. FIDELITY BANK LTD. 1st Floor Ridge 0302-214490 [email protected] Rebecca Gyebi PMB 43, Cantonments, Towers, Ridge, www.myfidelitybank.com.gh 0544-338784 Accra. Accra. [email protected] Elias Augustine [email protected] Dey 0576-036467 10. ZENITH BANK (GHANA) 31 Independence 0302-611500 [email protected] Alvin Abbah-Foli LTD. Avenue, Accra 0302-660760 www.zenithbank.com.gh 0242-729012 P.M.B CT 393 Accra- [email protected] Ghana 11. SOCIETE GENERALE 2nd Crescent 0302-202001 [email protected] Nii Arday GHANA Royalty Castel www.sgssb.com.gh Wontumi P. O. Box 13119, Road, Ring 0302-202001 Ring Road Central, Accra Road Central, Kokomlemle 12. UNIVERSAL MERCHANT SSNIT Emporium 0302-666331-4 www.myumbbank.com Emmanuel BANK Liberation Rd, [email protected] Ashirfie P. O. Box GP 401, Accra- Airport City [email protected] 0302-666331-6 Ghana 0244-627993 13. FIRST ATLANTIC BANK Atlantic Place, ≠1 0302-682203-6 [email protected] Yvonne Oppong LIMITED Seventh Avenue, yoppong- Ayisi P. O. Box CT 1620, Ridge West Accra [email protected] 0541-704753 Cantonments, Accra 14. GCB BANK LIMITED No.2 Thorpe Road, 0302-664910-8 [email protected] John Ekow P. O. Box 134, Accra Accra 0302-944316-7 [email protected] Appiah-Sam 0557-410577 2 15. CONSOLIDATED BANK 1st Floor, Manet 0243-187631 [email protected] Frederick Kwasi GHANA LIMITED Tower 3 Airport Dah P. O. Box CT 363, City, Accra 0243-187631 Cantonments 16. FIRST NATIONAL BANK 6th Floor Accra 0242-435050 [email protected] Llewellyn Foxcroft GHANA LIMITED Financial Centre, www.firstnationalbank.com.gh 0501-452306 P. O. Box TU 23, Accra Liberia Road. [email protected] Independence Avenue 17. ACCESS BANK GHANA Starlets '91 Road 0302-661613 www.ghana.accessbankplc.com Franklin Ayensu- LIMITED Opposite Accra 0302-661624 [email protected] Nyarko P.O. Box GP 353, Accra Sports Stadium, [email protected] 0244-128163 Osu 3 .
Load more

Recommended publications
  • Ecobank Group Annual Report 2018 Building
    BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 BUILDING AFRICA’S FINANCIAL FUTURE ECOBANK GROUP ANNUAL REPORT 2018 ECOBANK GROUP ANNUAL REPORT CONTENTS 05 Performance Highlights 08 Ecobank is the leading Pan-African Banking Institution 09 Business Segments 10 Our Pan-African Footprint 15 Board and Management Reports 16 Group Chairman’s Statement 22 Group Chief Executive’s Review 32 Consumer Bank 36 Commercial Bank 40 Corporate and Investment Bank 45 Corporate Governance 46 Board of Directors 48 Directors’ Biographies 53 Directors’ Report 56 Group Executive Committee 58 Corporate Governance Report 78 Sustainability Report 94 People Report 101 Risk Management 141 Business and Financial Review 163 Financial Statements 164 Statement of Directors’ Responsibilities 165 Auditors’ Report 173 Consolidated Financial Statements 178 Notes to Consolidated Financial Statements 298 Five-year Summary Financials 299 Parent Company’s Financial Statements 305 Corporate Information 3 ECOBANK GROUP ANNUAL REPORT 3 PERFORMANCE HIGHLIGHTS 5 ECOBANK GROUP ANNUAL REPORT PERFORMANCE HIGHLIGHTS For the year ended 31 December (in millions of US dollars, except per share and ratio data) 2018 2017 Selected income statement data Operating income (net revenue) 1,825 1,831 Operating expenses 1,123 1,132 Operating profit before impairment losses & taxation 702 700 Impairment losses on financial assets 264 411 Profit before tax 436 288 Profit for the year 329 229 Profit attributable to ETI shareholders 262 179 Profit attributable per share ($): Basic
    [Show full text]
  • Gcb Bank Limited Annual Report 2017 2
    1 GCB BANK LIMITED ANNUAL REPORT 2017 2 VISION We aspire to be Ghana’s favorite Bank and one of the most recognised and preferred fi nancial service brands in Africa and beyond MISSION Our mission is to provide friendly, helpful and accessible banking services, combined with expert fi nancial solutions that help people and businesses realize their goals. GCB BANK LIMITED ANNUAL REPORT 2017 3 CONTENTS 4 Corporate Information 5 Notice of Annual General Meeting 7 Board of Directors 8 Profi les of the Board of Directors 12 Financial Highlights 13 Five Year Financial Summary 16 Chairman’s Statement 20 Managing Director’s Review 24 Report of the Directors 28 Corporate Governance 33 Independent Auditor’s Report 37 Statements of Comprehensive Income 39 Statements of Financial Position 40 Statements of Changes in Equity 43 Statements of Cash Flows 45 Notes to the Financial Statements 130 Appendix 1 - Value Added Statement 131 Appendix 2 - Shareholder Information 134 List of Branches 145 Invitation and Form of Proxy GCB BANK LIMITED ANNUAL REPORT 2017 CORPORATE INFORMATION 4 Corporate Information BOARD OF DIRECTORS Mr. Jude Kofi Arthur (Chairman) Mr Anselm Ransford Adzete Sowah (Managing) Mr. Socrates Afram Mr. Samuel Amankwah Appointed 25/10/17 Mrs. Lydia Gyamera Essah Mr. Nik Amarteifi o Appointed 07/06/17 Mr. Richard Oppong Appointed 07/06/17 Nana Ama Ayensua Saara III Appointed 07/06/17 Mr. Francis Arthur-Collins Appointed 25/10/17 Mr. Osmani Aludiba Ayuba Appointed 25/10/17 Mr. Ray Ankrah Appointed 25/10/17 Mr. Kofi Worlanyo Resigned 03/04/17 Mr.
    [Show full text]
  • Abdul-Nashiru Issahaku: Developing Ghana's Banking System
    Abdul-Nashiru Issahaku: Developing Ghana’s banking system Speech by Dr Abdul-Nashiru Issahaku, Governor of the Bank of Ghana, at the inauguration of the Sunyani regional office building, Sunyani, 30 June 2016. * * * Nananom Board of Directors of Bank of Ghana Representatives of Banks in the Brong-Ahafo Region Representatives of Security Agencies in the Brong -Ahafo Region Heads of Departments Regional Managers My cherished members of staff Distinguished ladies and gentlemen Good morning I am delighted to welcome you all to the inauguration of our new Sunyani Regional Office building. Let me sincerely thank the Chiefs and people of Sunyani, in fact, the Brong Ahafo Region for making the land available to us. This is a clear indication of the support and collaboration between the Bank and the Chiefs. And let me also take this opportunity to thank the immediate past Governor of the Bank of Ghana Dr. Henry Kofi Wampah for spearheading this project and seeing to its completion. As we may all be aware, prior to the construction of this ultra-modern office complex, the Sunyani Regional Office had operated from the second floor of a building whose lower floors were occupied by GCB Bank. The regulator sharing office with the client is not ethically sound and exposes the Bank to familiarity threats. In addition, the former Office did not have a banknote processing capacity and depended on the Kumasi Regional Office for the processing of its deposits as well as fit-sorting banknotes for re-issuance to banks and other financial institutions in its catchment area.
    [Show full text]
  • Digital Access: the Future of Financial Inclusion in Africa Acronyms
    DIGITAL ACCESS: THE FUTURE OF FINANCIAL INCLUSION IN AFRICA ACRONYMS ADC Alternative Delivery Channel ISO International Organization for Standardization AFSD African Financial Sector Database IT Information Technology ARPU Average Revenue Per User KES Kenyan Shilling API Application Programming Interface KPI Key Performance Indicator ATM Automated Teller Machine KYC Know Your Customer B2P Business to Person LAPO MfB Lift Above Poverty Organization BCEAO Central Bank of West Africa (Banque Centrale Microfinance Bank des Etats de l’Afrique de l’Ouest) M-banking Mobile Banking BOI Banking Operations Intermediary M-wallet Mobile Wallet BVN Bank Verification Number MFI Microfinance Institution CEO Chief Executive Officer MM Mobile Money CBA Commercial Bank of Africa MSME Micro, Small and Medium Enterprise CBN Central Bank of Nigeria MTN Mobile Telephone Network CFA West African Franc, or Central African Franc MNO Mobile Network Operator CGAP Consultative Group to Assist the Poor MVNO Mobile Virtual Network Operator CRM Customer Relationship Management NFC Near Field Communication DFS Digital Financial Services OTC Over the Counter DJ Disc Jockey P2B Person to Business DVD Digital Versatile Disc P2P Person to Person E-banking Electronic Banking PC Personal Computer EFT Electronic Funds Transfer PIN Personal Identification Number EMI e-Money Issuer POS Point of Sale E-money Electronic Money PSP Payment Service Provider E-wallet Electronic Wallet E-warehousing Electronic Warehousing QR Quick Response FCMB First City Monument Bank RCT Randomized
    [Show full text]
  • The Determinants of Bank's Profitability in Ghana, The
    The Determinants of Bank’s Profitability in Ghana, The Case of Merchant Bank Ghana Limited (MBG) and Ghana Commercial Bank (GCB) By Anthony Kofi Krakah & Aaron Ameyaw Henrik Sällberg (Supervisor) Master’s Thesis in Business Administration, MBA programme 2010 Table of Contents Table of Contents ............................................................................................................................................ i ABSTRACT ...................................................................................................................................................... v ACKNOWLEDGEMENT ........................................................................................................................................ vi CHAPTER ONE ............................................................................................................................................... 1 1.0 INTRODUCTION ...................................................................................................................................... 1 An overview of the banking industry in Ghana ..................................................................................................... 3 1.2 Background of the banks ......................................................................................................................... 6 Global Banking Industry .................................................................................................................. 12 Statement of the problem ..........................................................................................................................
    [Show full text]
  • National Pensions Regulatory Authority
    NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LIST OF REGISTERED PENSIONS FUND CUSTODIANS THAT HAVE FULFILLED THE PRESCRIBED REQUIREMENTS OF THE AUTHORITY FOR THE 2020 AUTHORISATION PROCESS. THE LICENCES ARE VALID UNTIL 31ST JULY, 2021 LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 1. Prudential Bank Limited FC12007 8 John Hammond Seth Kyeremeh 0244-762652 Street, Ring Road Central, Accra 2. Access Bank Ghana Limited FC20002 Starlets '91 Road Franklin Ayensu- 0244-128163 Opposite Accra Nyarko Sports Stadium, Osu 3. First National Bank Ghana FC20001 6th Floor Accra Hilda Esenam 0242-435156 Limited Financial Centre, Odame-Gyenti 0501-632441 Liberia Road. 4. Agricultural Development FC12005 Accra Financial Elorm Aidam 0244-253181 Bank Centre, 3rd Ambassadorial Development Area, Ridge-Accra 5. GCB Bank Limited FC18002 No. 2 Thorpe Road, John Ekow 0557-410577 Accra Appiah-Sam 6. Ecobank Ghana Limited FC12001 Ecobank Ghana Albert Amekugee 0244-427476 Head Office, Accra 7. Zenith Bank Ghana Limited FC12013 31 Independence Alvin Abbah-Foli 0242-729012 Avenue, Accra Website: www.npra.gov.gh , e-mail: [email protected] “Ensuring Retirement Income Security” NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 8. Republic Bank Ghana FC12006 No 48A Sixth Audrey Smith 0208-737616 Limited Avenue, North Dadzie Ridge, Accra 9. Fidelity Bank Ghana Limited FC12011 1st Floor, Ridge Rebecca Gyebi 0544-338784 Towers, Accra Elias Augustine 0576-036467 Dey 10. Guaranty Trust Bank FC12008 25A Castle Road Michael Yevu 0504-100158 (Ghana) Limited Ambassadorial Area, Ridge, Accra 11.
    [Show full text]
  • AGYAKWA KUSI SENIOR.Pdf
    KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY KUMASI COLLEGE OF ARTS AND SOCIAL SCIENCES DEPARTMENT OF ACCOUNTING AND FINANCE SCHOOL OF BUSINESS THE EFFECT OF LOAN DEFAULT ON THE PROFITABILITY OF COMMERCIAL BANKS IN GHANA By AGYAKWA KUSI SENIOR. (BA. ECONOMICS) (PG9613313) A thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of MASTERS OF BUSINESS ADMINISTRATION (FINANCE OPTION) JULY, 2015 1 DECLARATION I hereby declare that this submission is my own work towards the Masters of Business Administration (Finance Option) Degree and that, to the best to my knowledge, it contains no material previously published by another person nor material which has been accepted for the award of any other degree of the University, except where due acknowledgement has been made in the text. Agyakwa Kusi Senior ………………………………… ………………… (PG9613313) Signature Date Certified by: Michel Adusei ………………………………... ……………….. Supervisor Signature Date Certified by: Dr. K.O. Appiah ………………………………. ……………….. Head of Department Signature Date i ABSTRACT The focus of this study was to ascertain the effects of loan default on the profitability of commercial banks in Ghana. Secondary data in the form of end of year financial statements from 2007 to 2014 was acquired from four commercial banks in Ghana (UT bank, Ecobank, CAL bank and Fidelity bank,. The Ordinary Least Square regression was employed to estimate the effect of loan default on profitability. It was discovered from the OLS results that, loan default, cost income ratio, total revenue and liquidity ratio were statistically significant. The liquidity risk was not statistically significant.
    [Show full text]
  • Bank Recapitalization and Market Concentration in Ghana's Banking
    GLOBAL JOURNAL OF BUSINESS RESEARCH ♦ VOLUME 7 ♦ NUMBER 3 ♦ 2013 BANK RECAPITALIZATION AND MARKET CONCENTRATION IN GHANA’S BANKING INDUSTRY: A HERFINDAHL-HIRSCHMAN INDEX ANALYSIS Samuel Yaw Akomea, Kwame Nkrumah University of Science and Technology, Ghana Michael Adusei, Kwame Nkrumah University of Science and Technology, Ghana ABSTRACT Using Concentration Ratio and Herfindahl-Hirschman Index techniques, the paper investigates the concentration levels of the banking industry in Ghana and forecasts the future concentration levels of the industry should consolidations triggered by the new bank recapitalization policy occur in the industry. The study finds that the HHI indices provide evidence for the contention that for the past eight years the banking industry in Ghana has been highly competitive with no signs of concentration. Evidence also exists to underpin the conclusion that any consolidation of four banks or less stimulated by the new bank recapitalization policy will not upset the existing market concentration. However, consolidation of five or more banks will culminate in high concentration which will be inimical to the interest of customers. The paper, therefore, recommends that, all things being equal, policy makers should permit consolidation of four or less banks if that is the only way the banks will meet the new bank recapitalization requirement. JEL: D40, D41, E02, G21 KEYWORDS: Banking, Market Concentration, Herfindahl-Hirschman Index, Ghana INTRODUCTION riven, ostensibly, by the desire to promote prudent management of banks in Ghana, the Bank of Ghana introduced a bank recapitalization policy in 2007. In this policy, universal banks operating D in Ghana were required to recapitalize from GH¢ 7 million to GH¢ 60 million (approximately US$ 60 million at the time) by the end of 2012.
    [Show full text]
  • A Study of Ecobank Ghana Limited and the Trust Bank
    Texila International Journal of Management Volume 3, Issue 2, Nov 2017 Synergies from Mergers and Acquisitions: A Study of Ecobank Ghana Limited and the Trust Bank Article by Daniel Kwabla- King Management, Texila American University, Ghana E-mail: [email protected] Abstract The Social Security and National Insurance Trust (SSNIT) the national Pension Scheme managers in Ghana with significant stake in the Ghanaian banking industry, in the year 2011 made a strategic move to drive bank consolidation in Ghana through the swapping of its shares in The Trust Bank (TTB) for ETI’s shares in Ecobank Ghana Limited (EBG). This study was set examine whether synergies were derived from the merger. It also examined whether the objectives set by SSNIT were met and finally determine whether the bank has remained competitive after the merger. The approach used for the study was quantitative technique and case study which concluded that the merger of Ecobank Ghana Limited and TTB achieved the intended results for SSNIT. Keywords: Synergies, Merger, Acquisition, Ecobank Ghana Limited, the Trust Bank, SSNIT, Ghana. Introduction The Social Security and National Insurance Trust (SSNIT) which had shares in most banks with controlling interest in TTB, in line with realigning its investments portfolio to achieve maximum returns, decided to drive bank consolidation through the swapping of its shares in The Trust Bank (TTB) for ETI’s shares in Ecobank Ghana Limited (EBG). The objective of the merger was to take advantage of efficiencies and synergies leading to enhanced shareholder value. Making a case for the merger, it was established that the core business of TTB was Commercial and retail banking with their focus on Small and Medium Scale Enterprises (SMEs).
    [Show full text]
  • BUSINESS CONSOLIDATION and ITS IMPACT on FINANCIAL PERFORMANCE: EVIDENCE from the GHANAIAN BANKING INDUSTRY Haruna Maama1
    European Journal of Accounting Auditing and Finance Research Vol.5, No.8, Pp.62-76, August 2017 ___Published by European Centre for Research Training and Development UK (www.eajournals.org) BUSINESS CONSOLIDATION AND ITS IMPACT ON FINANCIAL PERFORMANCE: EVIDENCE FROM THE GHANAIAN BANKING INDUSTRY Haruna Maama1. Rev Dr. John Poku2. Kennedy Frimpong3 1Kwame Nkrumah University of Science and Technology 2Senior Lecturer, Department of Accountancy, Kumasi Technical University, Ghana and Director, International Affairs and Institutional Linkages 3Lecturer, Department of Accountancy, Sunyani Technical University, Ghana ABSTRACT: The study provides empirical examination on the impact of business consolidation or mergers and acquisitions (M&A) on the financial performance of banks in Ghana. Both descriptive and correlational research designs were employed for the study. Two banks: Ecobank Ghana Ltd and Access Bank Ghana Ltd were chosen for the study. The annual reports of the banks from pre-merger period (2009 to 2011) and post-merger period (2012 to 2015) were used for the analysis. Two analysis techniques: ratio and regression analysis were used to examine the impact of mergers and acquisitions (M&A) on the profitability of these firms. Net profit margin (NPM) and return on capital employed (ROCE) were used as proxies for financial performance and Ordinary Least Square (OLS) regression model was used to estimate the level of impact of M&A on the performance of the banks. The study revealed that mergers and acquisitions (M&A) resulted to more than 80% growth in income and the net assets immediately after acquisition. The growth in profitability continued in subsequent years, however at a decreasing rates.
    [Show full text]
  • WEEKLY MARKET REVIEW 8 March 2019
    DATABANK RESEARCH WEEKLY MARKET REVIEW 8 March 2019 ANALYST CERTIFICATE & REQUIRED DISCLOSURE BEGINS ON PAGE 4 GSE MARKET STATISTICS SUMMARY Current Previous % Change Weekly Market Review Databank Free Float Index (DSI-20) 111.92 111.68 0.21% At the end of this week’s trading sessions, the Ghana GSE-CI Level 2,476.55 2,482.10 -0.22% Stock Exchange (GSE) recorded 10 price changes: 4 Market Cap (GH¢ m) 59,971.27 60,227.38 -0.43% YTD Return DSI-20 -4.88% -5.08% advancers and 6 decliners. The gainers for the week were YTD Return GSE-CI -3.72% -3.50% Ecobank Ghana (+10.24% w/w, GH¢7.75), GCB Bank Weekly Volume Traded (Shares) 4,899,415 1,963,159 149.57% (+8.26% w/w, GH¢3.80), Enterprise Group (+2.29% w/w, Weekly Turnover (GH¢) 3,905,685 12,076,818 -67.66% GH¢2.23) and Camelot (+11.11% w/w, GH¢0.10). Societe Avg. Daily Volume Traded (Shares) 372,148 290,938 27.91% Generale (-8.16% w/w, GH¢0.90), Total Petroleum (- Avg. Daily Value Traded (GH¢) 778,082 759,192 2.49% 1.53% w/w, GH¢4.52), Cal Bank (-2.91% w/w, GH¢1.00) No. of Counters Traded 16 22 and MTN Ghana (-2.70% w/w, GH¢0.72) were the top No. of Gainers 4 5 laggards. No. of Laggards 6 6 Trading activity slackened this week. Total Market Turnover for the week slowed ~68% w/w to ~GH¢3.91 KEY ECONOMIC INDICATORS million.
    [Show full text]
  • 20 Most Credible Banks in Ghana
    Report Launched: 20 Most Credible Banks in Ghana A new ranking of Ghanaian banks based on an assessment of their credibility has just been launched. The assessment draws on an index of the banks compiled using Credmap technology (www.credmap.com), a novel “credibility-rating” engine that is capable of combining crowd- rating and data mining to generate “credibility scores” of individuals and institutions using pooled data about their track record, history, commentary, biography, popular sentiment and reputation. Credmap’s algorithms mash the data together to distill the complex information into compact rankings, scores and benchmarks. All 30 of Ghana’s tier one/universal banks were subsequently benchmarked against Credmap’s measures, compared to each other, and then ranked in what became the Ghana Banking Credibility Index (GBCI), a process that was overseen by a team of senior technical analysts at Konfidants, a management consulting company based in Accra, Johannesburg and Geneva. In this inaugural index, the primary focus was on the quality of bank boards and senior management personnel. The Konfidants team was of the view that in the wake of recent developments in the banking sector, corporate governance and management competence have emerged as, by far, the most critical factors in determining bank performance and success. Some major criteria in the computation of the GBCI therefore included: A. Executive track record of the board & management membership B. Educational qualifications of board members and senior management personnel C. The emphasis on continuous professional development within the studied banks. D. Reputational factors E. Degree of board independence from shareholder and management control and influence (this factor was analysed using a proprietary “relationship graph” and “insider connections” rating logic).
    [Show full text]