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In 1970, UBA listed its shares on the Nigerian Stock Exchange and became the first Nigerian Bank to undertake an Initial Public Offering (IPO). Today's UBA emerged from the merger of the dynamic and fast-growing Standard Trust Bank, incorporated in 1990, and UBA, one of the biggest and oldest banks in Nigeria.
In September 2021, the Bank of Ghana began the process of withdrawing GH₵1 and GH₵2 notes from circulation to encourage the use of coins of their corresponding face values. [ 8 ] [ 9 ] In August 2022, accelerating inflation and continued economic mismanagement has caused the cedi's value to drop to 10 U.S. cents (GH₵10 = US$1). [ 10 ]
Ghana's central bank kept its main interest rate unchanged at 19%, Governor Ernest Addison said on Monday, citing a deceleration of the rate of inflation and concerns over economic growth. The ...
United Bank for Africa (Ghana) Limited, part of UBA Group; Universal Merchant Bank Limited; Zenith Bank (Ghana) Limited, part of Zenith Bank Group; See also.
Following the merger of Standard Trust Bank and United Bank for Africa in 2005, Elumelu led the company as Group Managing Director from a single-country banking group to a pan-African bank with subsidiaries in 20 African countries, France, the U.S and the U.K, eventually stepping down in 2010.
UBA Uganda is a retail bank that serves small and medium enterprises (SMEs), large corporations and individual customers. As of 31 December 2023, UBA Uganda's total assets were USh 623,093,431,000/= (approx. US$164.235 million), with shareholders' equity of USh 142,572,067,000/= (approx. US$37.6 million).
The pound was the currency of Ghana between 1958 and 1965. It was subdivided into 20 shillings, each of 12 pence. Until 1958, Ghana used the British West African pound, after which it issued its own currency. In 1965, Ghana introduced the first cedi at a rate of £1 = ₵2.40, i.e., ₵1 = 100d.
2004, “Measurement of Real Effective Exchange Rate (REER) in Ghana” CREDIT Research Paper 04/11, University of Nottingham, UK. [ 36 ] [ 37 ] 2004, “ Real Exchange Rate Response to Capital Inflows: A Dynamic Analysis for Ghana” CREDIT Research Paper 04/12, University of Nottingham , UK (with Morrissey, O and Lloyd, T).