When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
“On Transgender Day of Visibility, we honor the extraordinary courage and contributions of transgender Americans and reaffirm our Nation’s commitment to forming a more perfect Union — where all people are created equal and treated equally throughout their lives. I am proud that my Administration has stood for justice from the start, working to […] The post Racism in LGBTQ+ appeared first on The
a call for policy revision By Emmanuel KUNDO A recent directive issued by the Ghana Revenue Authority (GRA) has stirred controversy within the business community regarding the implementation of the Commissioner-General’s invoice (VAT Invoice) as proof for allowable expense deduction under Section 9 of the Income Tax Act, 2015 (Act 896) as amended. Although, the […] The post
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
The team with the award Fidelity Bank Ghana has been recognised for its steadfast commitment to gender equality. The bank secured a coveted spot among the top 50 employers Read More... The post Fidelity Bank Gets Gender Equality Recognition appeared first
The Bank of Ghana has urged the public to volunteer information on suspected cases of money laundering and unexplained wealth. This is to combat financial crimes, sanitize the industry and uphold the integrity of the country’s financial system. The Central Bank stressed collaborative efforts in identifying and addressing illicit financial activities that pose a threat […] The post Volunteer
By Catherine ADODOADJI-DOGBE and Fatima FAROUTA Globally there has been an increase in municipal solid waste generation. Predictions indicate that Municipal solid waste generation will grow from 2.3 billion tonnes in 2023 to 3.8 billion tonnes by 2050. The global direct cost of waste management was estimated at USD 252 billion in 2020 and the […] The post Harnessing
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed that the central bank intends to hand over the Gold for Oil programme to a commercial bank to operate. This, he said, would allow for the BoG to focus on its core mandate. Asked by Buem lawmaker Kofi Adams whether this programme is […] The post Bank of Ghana seeking to hand over Gold for
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured the Public Accounts Committee (PAC) of Parliament that by next year the central bank will see a huge jump in its holdings of gold due to the Gold For Reserves programme. He said that the full benefits of the programme have not […] The post Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
By J. N. Halm I was wondering why the secretary was not taking minutes. Taking into consideration the importance of the meeting, I could not help but wonder why the secretary just sat there without making any notes. So you can imagine my shock when within hours of the meeting, she had sent the minutes […] The post The evolving landscape:
By Kofi Anokye Owusu-Darko (Dr) According to the banks, there is a Bank of Ghana (BOG) directive that all third-party transactions in the banking hall must be supported by an identification (ID) of the party undertaking the transaction. This stems from the Anti-Money Laundering Act, 2020 (Act 1044), and the December 2022 BOG Guidelines for […] The post Anti-money
By Rosemary MBABAZI Sunday April 7, 2024, marked the beginning of the 30th commemoration of the 1994 Genocide Against the Tutsi. It is a period to remember the lives of more than one million people who were brutally killed during a 100-day period from April to mid-July 1994. This period of remembrance called “Kwibuka”, meaning […] The post By
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
By Godson Kofi DAVIES In the fight against infectious diseases, vaccines stand as one of public health’s most powerful tools. Yet, the challenge of vaccine hesitancy, particularly within minority communities, poses a significant barrier to achieving widespread immunisation and herd immunity. Amid this challenge, an innovative solution has emerged: using artificial intelligence (AI) to understand […] The post
The human science specialist have studied prisons. Prisons are fascinating thing to study. No wonder the series called Prisons Break was so captivating to watch! When you are a human being, what you do is normally in the context of society. Society is nothing more than a system of normalised averages. For there to be […] The post MINDSET with
Those men who have been sinning with their distins nu, please be careful o. Remember sin fascinates and assassinates. Now that our wives have gotten to know where we keep condoms in our cars usually under the spare tyre compartment of our cars, men have stopped keeping left over condoms in any part of their […] The post Useless Column: Kasoa Missing items appeared first
In the height of the covid pandemic, when the virus had compelled governments to cage people indoors as part of the many desperate measures to slow down the spread, I spent part of my time listening to music and feasting on photos I had taken of fishermen on the Volta Lake and Prampram. There were […] The post CanoeVibes: The Eleanor Rigby
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