By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
Independent presidential candidate Alan John Kyerematen has announced a strategic partnership with the National Interest Movement, led by former Convention People’s Party (CPP) flagbearer Abu Sakara, ahead of the 2024 elections. This collaboration, operating under the banner ‘Alliance for Revolutionary Change (ARC),’ was unveiled through a statement released on Thursday, April 4, 2024. In the […] The post 2024
The Chairman of the Energy Committee of Parliament, Samuel Atta Akyea, has disclosed that President Akufo-Addo has directed the Volta River Authority to reduce the export of electricity to neighbouring countries in response to the ongoing intermittent power outages, commonly known as ‘dumsor’. “The President is on top of the issues and I am even […] The post Dumsor:
At the maiden edition of the Women in Business Dialogue series organised by the Business and Financial Times and held in Accra, the Sector Head, SME & Retail Banking at Zenith Bank, Gloria Cabutey-Adodoadji, urged businesswomen to leverage on the golden opportunities of the African Continental Free Trade Area (AfCFTA) agreement to expand their reach […] The post Zenith
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
Sustainable finance, in its simplest form, is a way of managing money that takes care of our planet while achieving our business objectives. It’s about making smart financial decisions that positively impact the environment and society, not just today but for posterity. For banks, sustainable finance means supporting projects and businesses that promote the sustainability […] The post Banking
The Independent Power Generators Ghana (IPGG) has commended President Akufo-Addo regarding his directive to the Volta River Authority to halt the exportation of electricity to neighbouring nations such as Togo and Burkina Faso. The group acknowledged that while this suspension may not completely resolve the current energy crisis, it will certainly provide some relief and […] The post Dumsor:
By Kwami AHIABENU ll Innovations thrive at the speed of interactive communication. Previously, most FinTech services were positioned in various silos; this is based on historical antecedents of banking where various banking services were intentionally built to be independent for several good reasons, including security concerns. Change took place, and systems began to talk to […] The post Powering
In a recent initiative to bolster economic resilience, Absa Bank Ghana has organized a seminar for its Business Banking clients focused on understanding and managing market risks effectively. The event, themed ‘Anticipate and Effectively Manage Market Risk’, aimed to provide insight into the current macroeconomic climate, highlighting potential market risks and outlining risk management solutions. […] The post
By Mansa NETTEY The third month of every year, March has become a canvas on which the pertinent issues of women empowerment and inclusion are laid bare and deliberated upon. There’s a flurry of initiatives aimed at investing in women and inspiring inclusion whiles the achievements of those who have accomplished impressive feats are heralded […] The post Investing
In the annals of history, there are tales of remarkable women who defied the odds, shattered stereotypes, and blazed trails in fields traditionally dominated by men. From Marie Curie’s groundbreaking work in physics to Rosa Parks’ courageous stand for civil rights, these women have left an indelible mark on the world, inspiring generations to come. […] The post
The Ghana International Bank (GHIB), a wholly Ghanaian-born bank incorporated in the United Kingdom, has launched its 65th anniversary celebration at the Kempinski Hotel, Gold Coast City, in Accra. Speaking at the launch, Chief Executive Officer of the Ghana International Bank, Dean Adansi, emphasised the importance of learning from the 65 years of the bank’s […] The post
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
Complete Farmer, a pioneering force in agricultural technology and marketplace solutions, is set toannounce the grand opening of its Trade Center located in Tagadzi near Juapong, Volta Region, Ghana on Thursday April 4,2024. According to the team, this momentous occasion marks a significant step forward in revolutionizing Africa’s agricultural landscape and fostering economic growth in the […] The post Complete
Fidelity Bank Ghana, a leading advocate for financial inclusion, took a centre-stage role in empowering young minds at the 13th African Games. The bank sponsored the Youth Pavilion and as part of this initiative, Fidelity Bank’s Ag. Director of Retail Segments, Thomas Ishmael Adjei, delivered a powerful keynote address focused on equipping young people with […] The post
Onwe in Ashanti Region came to a standstill as hundreds of mourners thronged the town to join family and constituents for the one-week observation of the late MP for Ejisu, Dr John Kumah. There was human and vehicular traffic as people headed to the Onwe M/A Basic School Park. Dr John Kumah’s untimely death occurred […] The post Late John Kumah’s grief-filled
In a strategic move to promote trade liberalisation under the African Continental Free Trade Area (AfCFTA), the United Bank for Africa (UBA) Ghana has collaborated with the Ghana Export Promotion Authority (GEPA) to host a crucial sensitisation seminar titled ‘Trade Liberalisation after the AfCFTA’ at the Africa Trade House in Accra. Peter Dery, Head of […] The post
In a move to revitalize the operations of the Tema Oil Refinery (TOR), Ghana’s Energy Minister, Dr. Matthew Opoku Prempeh, has inaugurated the reconstituted board of the refinery. The Read More... The post Energy Minister
Dr Matthew Opoku Prempeh, the Minister of Energy, on Tuesday inaugurated the newly constituted 11-member board of the Tema Oil Refinery (TOR) Company Limited in Accra and urged them to rise to the occasion. The board includes Leon Kendon Appenteng as the chair, Kofi Mocumbi Tagoe as the Managing Director, and other members such as […] The post Ensure TOR becomes viable
By Juliet Aguiar DUGBARTEY Dr. Steven Blessing Ackah, Executive Director of Ghana Gold Expo, has called for the establishment of exploration fund in Africa, particularly Ghana, to serve as a financial catalyst, enabling local individuals and entities to actively participate in exploration activities. He said the Exploration Fund should be accompanied by a strong commitment […] The post
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