GCB Bank appoints new Deputy Managing Director ghanaiantimes.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaiantimes.com.gh Daily Mail and Mail on Sunday newspapers.
Mr. Lamptey was sworn in as the DMD Operations and Executive Director of the Bank on Wednesday, 20th January 2021 by Justice Sophia Bernasko Essah, a Justice of the Court of Appeal, Ghana.
The swearing-in ceremony was witnessed by the Chairman, Mr. Jude Arthur, and other members of the GCB Bank Board.
Mr. Lamptey takes over from Mr. Samuel Amankwah who retired from the Bank in 2020 after 20 years of service in Executive Management and Senior Management positions.
Mr. Lamptey brings to the role over 20 years’ multinational experience working for listed companies in corporate and retail Banking, asset management, securities, brokerage services, pensions, insurance and micro-finance with operations in over 30 African countries.
By Obinna Chima
The Group Chief Executive Officer, Ecobank Transnational Incorporated (ETI), Mr. Ade Ayeyemi, has said that the pan-African banking group is positioned to facilitate payments across Africa as the implementation of the African Continental Free Trade Area Agreement (AfCFTA) commences.
Ayeyemi, who was quoted in a statement to have made this assertion during an interview recently, pointed out that Ecobank has been able to effect international payment across the 33 countries where it operates on the continent through its Rapid Transfer platform.
He reiterated that the bank’s platform could be scaled to accommodate other African countries under the AfCFTA based on their respective regulations.
The Nigerian equity market, yesterday, closed transactions for the month of December upbeat, with a gain of N397 billion, driven by price appreciation on BUA Cement and 17 others.
According to Bloomberg, the Nigerian equities benchmark index in Africa’s largest economy recorded its highest return, this year, the most among 93 equity indexes tracked by Bloomberg. It is the world’s best-performing stock market year-to-date. x
The All-Share Index (ASI) gained 758.41 absolute points, representing a gain of 1.92 per cent to close at 40,270.72 points. Similarly, the overall market capitalisation value also appreciated by N397 billion to close at N21.057 trillion.
The uptrend was driven by price appreciation in medium and large capitalised stocks among which are, MTN Nigeria, BUA Cement, BOC Gases, Northern Nigeria Flour Mills (NNFM) and C&I Leasing.
The nation’s bourse on Thursday closed 2020 upbeat, appreciating by 50.03 per cent, with the All-Share Index crossing the 40, 000 mark on the last trading day, in spite of COVID-19 pandemic.
Specifically, the All-Share Index which opened trading for the year at 26, 842.07 rose by 13, 428.65 points or 50.03 per cent to close at 40, 270.72.
Similarly, the market capitalisation rose by N8.098 trillion to close at N21.056 trillion from the opening year figure of N12.958 trillion.
According to analysts, the market was positively impacted by policies introduced by the Central Bank of Nigeria (CBN), which favoured the stock market.
They noted that the apex bank policies impacted positively on Nigerian stocks, with the stock market recording the highest growth in six years.