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Business World Magazine Issue 31

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Africa focused Investor Tutu Agyare

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Page 1: Business World Magazine Issue 31
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Increasingly, top-notch organisations are becoming targets of security breaches leading to significant financial losses of affected companies.

“The economy of Ghana, which is growing rapidly in recent times, will soon, if not already, become a target of the actors behind security breaches,” Net Solutions’

CEO, Dr Rashard said adding that the product, Pfortner IT security solution, is a unique solution that will significantly bolster the defences of financial institutions.

Mr Aubrey Swanepoel of Pfortner, at the launch explained that the product, which encrypts data, was targeted at businesses that have offices in bucolic or remote areas.

“The product provides secure redundant connectivity to banks, government departments, and anybody with local and remote offices in rural areas. It provides encryption across those bleeps to ensure that no one can intercept their data.

“Because

it provides redundancy in communication, if one mobile operator goes down, another operator’s network can be used

thereby making it constantly available with the benefit of better service delivery,” he said.

Mr Amponsah of the Controller Accountant Generals Department

commended the product describing it as expedient as the

department was currently dealing with projects, which contained a lot of vital information, online.

“We have this Ghana Integrated Financial Management Information Systems that brings together budget planning, budget development, financial reporting and all other resources including the management of our payroll integrated into one system.

“As we go into this direction, the issue of security becomes very

challenging. We have developed a system that enables all the people on the Government of Ghana

payroll to be able to assess their payslips,” Amponsah

said. He noted that whatever the

Controller and Accountant General Department does has a great impact, since it is linked to all government institutions, including, the Ghana Revenue Authority (GRA), the Bank of Ghana, and the Ministry of Finance.

PFORTNER IT SECURITY SOLUTION TARGETS BLUE-CHIP BUSINESSESNet Solutions Ghana, in partnership with equipment manufacturer, Pfortner, and Tri-continental UK has launched a world class security product, in Accra, that seeks to curb security breaches of blue-chip businesses.

22 Business World Issue 31

NEWS

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BANK TOTAL ASSETS (GHC) 2013 PROFIT

1 Ghana Commercial Bank Limited 3,391,100,000 223,508,000

2 Standard Chartered Bank Ghana Limited 2,968,358,000 208,019,000

3 Ecobank Ghana Limited 4,624,405 185,862,000

4 Barclays Bank of Ghana Ltd. 2,326,109,000 143,071,000

5 Stanbic Bank Ghana Ltd 2,930,852 107,191,000

6 CAL Bank Limited 1,558,963,000 92,010,000

7 United Bank for Africa (Ghana) Ltd 1,550,529,617 90,001,001

8 Agricultural Development Bank Limited 1,621,761,000 80,629,000

9 Zenith Bank (Ghana) Limited 1,920,626,146 73,610,816

10 Guaranty Trust Bank (Ghana) Limited 937,810,000 52,673,000

11 HFC Bank Ltd 973,066,054 47,530,368

12 Access Bank (Ghana) Limited 991,334,000 45,578,000

13 Fidelity Bank Ghana Limited 1,689,670,000 43,877,000

14 National Investment Bank Ltd 1,018,770,000 43,372,000

15 Societe Generale Ghana 1,216,553,205 36,364,192

16 Prudential Bank Ltd 830,607,000 14,112,000

17 UT Bank Limited 1,336,336,000 9,757,000

18 The Royal Bank Ltd 278,099,529 ** 9,301,042

19 ARB Apex Bank 271,944,849 8,669,851

20 International Commercial Bank Limited 302,808,808 7,513,976

21 Energy Bank (Ghana) Ltd 245,231,485 5,537,486

22 First Atlantic Bank Ltd 431,735,946 5,521,177

23 Bank of Africa (Gh) Ltd

24 Bank of Baroda (Ghana) Limited

25 "Banque Sahélo-Saharienne pour

26 I’Investissement et le Commerce (BSIC ) Ghana

27 Citibank N.A. Ghana Rep. Office

28 First Capital Plus Bank Limited

29 Ghana International Bank plc

30 Merchant Bank (Ghana) Limited

31 uniBank Ghana Ltd

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BANK TOTAL ASSETS 2013 PROFIT 2012 PFOFIT %CHANGE IN

1 International Commercial Bank Limited 302,808,808 7,513,976 147,812 4983.47%

2 National Investment Bank Ltd 1,018,770,000 43,372,000 11,637,000 272.71%

3 HFC Bank Ltd 973,066,054 47,530,368 15,715,571 202.44%

4 Agricultural Development Bank Limited 1,621,761,000 80,629,000 26,696,000 202.03%

5 Zenith Bank (Ghana) Limited 1,920,626,146 73,610,816 30,390,628 142.22%

6 United Bank for Africa (Ghana) Ltd 1,550,529,617 90,001,001 47,531,455 89.35%

7 Stanbic Bank Ghana Ltd 2,930,852 107,191,000 56,745,000 88.90%

8 CAL Bank Limited 1,558,963,000 92,010,000 49,517,000 85.81%

9 Ghana Commercial Bank Limited 3,391,100,000 223,508,000 138,645,000 61.21%

10 Fidelity Bank Ghana Limited 43,877,000 27,675,000 58.54%

11 Prudential Bank Ltd 830,607,000 14,112,000 9,615,000 46.77%

12 First Atlantic Bank Ltd 431,735,946 5,521,177 3,984,149 38.58%

13 Barclays Bank of Ghana Ltd. 2,326,109,000 143,071,000 105,119,000 36.10%

14 Guaranty Trust Bank (Ghana) Limited 937,810,000 52,673,000 38,968,000 35.17%

15 Access Bank (Ghana) Limited 991,334,000 45,578,000 34,631,000 31.61%

16 Ecobank Ghana Limited 4,624,405 185,862,000 143,169,000 29.82%

17 ARB Apex Bank 271,944,849 8,669,851 7,190,902 20.57%

18 Societe Generale Ghana 1,216,553,205 36,364,192 30,266,314 20.15%

19 Standard Chartered Bank Ghana Limited 208,019,000 196,288,000 5.98%

20 Energy Bank (Ghana) Ltd 245,231,485 5,537,486 6,021,496 -8.04%

21 UT Bank Limited 1,336,336,000 9,757,000 20,931,000 -53.38%

22 The Royal Bank Ltd 278,099,529 9,301,042 **

23 Bank of Africa (Gh) Ltd

24 Bank of Baroda (Ghana) Limited

25 "Banque Sahélo-Saharienne pour

26 I’Investissement et le Commerce (BSIC )

27 Citibank N.A. Ghana Rep. Office

28 First Capital Plus Bank Limited

29 Ghana International Bank plc

30 Merchant Bank (Ghana) Limited

31 uniBank Ghana Ltd

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Page 56: Business World Magazine Issue 31

www.firstatlanticbank.com.gh

We say 'ank You' to our customers and stakeholders for driving us to win:

• Best Bank, Customer Service • Best Bank, Advisory Services• First Runner Up, Best Growing Bank

All we do is truly driven by you!

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