The Bank of Ghana on Thursday unveiled a comprehensive road map document that it believes will lead to an enhancement in existing payment systems in the country. The goal of the Strategic Payments Roadmap for Ghana, a paper commissioned by the central bank, is to build on current payment systems infrastructure engineered by the Ghana Interbank Payment and Settlement Systems (GhIPSS) to reduce the dependence of cash for transactions. The paper, put together by Standard Chartered Bank, was presented
Cnergy Global Holdings and Conferences, organisers of the First Global PPP Conference, says the international conference will come off despite the Ebola Virus scare that has forced government to place a temporary three- month ban on international conferences as part of measures to contain the spread of the virus into the country. A Director of Cnergy Global Holdings, Michael Cobblah argues that the decision to push ahead with the conference is as a result of the fact that there are no participants
Cnergy Global Holdings and Conferences, organisers of the First Global PPP Conference, says the international conference will come off despite the Ebola Virus scare that has forced government to place a temporary three- month ban on international conferences as part of preventive measures to check against the spread of the virus in the country. A Director of Cnergy Global Holdings, Michael Cobblah argues that the decision to push ahead with the conference is as a result of the fact that the organisers
Databank Asset Management Services Limited witnessed strong performance and growth in the 2013 operational year with all four fundsâ€â€Epack, MFund, BFund and Ark Fundâ€â€posting impressive returns on investments and an increase in assets under management. Long-term collective investment fund, Epack recorded 84 percent returns on investments and grew its assets under management from GH¢54.3 million in 2012 to GH¢95.6 million, while the Balanced Fund (BFund) returned 53.8 percent on investment with
President John Mahama on Wednesday called for the release of about GH¢6million (appr. US$1.68million) to boost the fight against the Ebola Viral Disease. The latest move comes after the President met a team of ministers coordinating the country’s approach to the outbreak of the disease that has claimed at least 1,013 lives since the first case was recorded in December. According to a release from the Communication’s Ministry, the President has also directed that about 10,000 Personal Protective
President Mahama on Tuesday challenged Ghanaian youth to demonstrate their creativity and skills in the provision of goods and services to move into the era of prosperity. He also urged them to be bold and confident in whatever ventures they were engaged in to harness prosperity for themselves and to create jobs for other youth in the country. President Mahama said this when he launched a GH¢ 10 million Youth Enterprise Support (YES) initiative in Accra. The YES initiative, which is in fulfillment
Ghana's annual inflation rate hit a four-year high of 15.3 percent in July and analysts warned that food prices could push it up further after the harvest if the government fails to slow its borrowing. The rise in inflation from 15.0 percent in June was driven by increases in the price of utilities and fuel, mainly due to a persistent decline in the value of the cedi currency, government statistician Philomena Nyarko told a news conference in Accra. The rise pushes the rate past Ghana's
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