Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […] The post Stanbic
By Nelson Semanu BOANDOH-KORKOR & Elizabeth BOANDOH-KORKOR “Money is not sinful or evil. The kingdom of God needs it desperately! Making money is what I do best but it must be made for God’s glory and not mine. As a Christian entrepreneur, my company relies on prayer and inward confirmation by the Holy Spirit before […] The post The roll call
In the realm of US-Africa economic relations, the African Growth and Opportunity Act (AGOA) stands as a pivotal legislation designed to foster trade and investment between the United States and eligible Sub-Saharan African countries. Since its inception in 2000, AGOA has sought to support economic growth and sustainable development by providing duty-free access to the […] The post Assessing
The World Bank (WB) is expecting an upward progression of Ghana’s Gross Domestic Product (GDP) to hit 5.0% by 2026. This follows a projected 2.9% marginal GDP growth for Read More... The post Ghana To Return To 5.0% GDP Growth – WB appeared first on
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
In the past few years, the whole world has faced changes – or one might even say structural shifts – in the economy, society, logistics and other areas. The new state of business relationships require completely different approaches and business decisions. Global challenges have forced different countries to implement projects and initiatives that would allow […] The post
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
By Kizito CUDJOE The Public Utilities Regulatory Commission (PURC) has issued a strict directive aimed at the Electricity Company of Ghana Limited (ECG) to ensure the financial stability and operational integrity of the energy sector. The directive, issued under Sections 3 and 24 of the Public Utilities Regulatory Commission Act, 1997 (Act 538), follows ECG’s […] The post
Head of Financial Advisory & Equity Capital Markets at Stanbic Bank, Isaac Simpson, has emphasized the need for collaboration between the right stakeholders in order to form the necessary policies to accelerate sustainable finance. He made this statement at the 2024 Africa Energy Technology Conference, held at the Labadi Beach Hotel. Speaking on the topic […] The post
Latest data from the Ghana Statistical Service indicates that the cumulative growth of the economy stood at 2.9 percent in 2023. This is a 0.9 percentage points drop from the 3.8 percent recorded in 2022 but higher than the government’s revised target of 1.5 percent for the period under review. The fourth quarter also expanded […] The post Ghana’s economy expanded by 2.9% in 2023
Nottingham Forest have been deducted four points for breaching the Premier League’s Profit and Sustainability Rules (PSR), the league announced yesterday moving the side into the relegation zone. Forest Read More... The post Nottingham
As digitalization continues to transform accounting practices, a business organization needs to respond and adapt to a more reliable and efficient system and application to streamline its operations. The current trend is the integration of financial management with cloud accounting software. Cloud accounting is the use of internet-based accounting software to store, process and secure […] The post
Dr. Ernest Addison, Governor of the Bank of Ghana has emphasized the pivotal role of digital technologies in shaping Africa’s future. Speaking passionately about the urgency of embracing digitization in trade and finance, Dr. Addison at the launch of the 3i Africa Summit highlighted Africa’s strengths, including a tech-savvy youth population, extensive mobile penetration, expanding […] The post
By Ebenezer Ashley (PhD). The concept of inflation has attracted diverse theories from different economists across the globe. Economists with varied forms of theories on inflation are grouped into two. These include structuralists and monetarists (Nitisha, n.d.). Structural economists assert, inflation is the end-product of the imbalances inherent in economic systems; and adapt both fiscal […] The post
By Alexander Ayertey Odonkor According to the World Travel Market’s Global Travel Report from 2024 to 2033, the proportion of Chinese households with purchasing power to embark on international travel is set to “roughly double.” Attributed to rising incomes and more middle-class consumers, China’s growth is expected to add more than 60 million households to its existing population […] The post
By Pearl Annoh I have heard my friend Professor Robert E. Hinson say times without number, there are two things we do from when we are born to when we die: “oral presentation and written presentations”. I agree with him and in today’s dynamic business landscape, the ability to articulate thoughts, convey messages, and foster […] The post OutStandingBrands24:
Access to financial services continues to play a pivotal role in driving economic growth in nations across the globe. In the wake of rapid post-COVID-19 structural transformations in economies worldwide, the issue of financial inclusion has taken centre stage in national policy discussions. Financial inclusion stands as a vital indicator for inclusive growth in any […] The post
Financial irregularity is one of the thorny issues organizations tend to grapple with in their operations. It is a matter of interest in terms of demanding accountability regarding the use of resources. The issue is a yearly ritual in the public financial management of government institutions and attracts wide national commentary. The private sector also […] The post
According to the Global Risks Report, some of the most severe risks the world may face over the next decade against a backdrop of rapid technological change, economic uncertainty, a warming planet and conflict is one that would not easily rebound from continued shocks. As cooperation comes under pressure, weakened economies and societies may only […] The post
Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions. She put up the defence in response to the Chairman of the Public Accounts Committee, James Klutse Avedzi, who attributed the tax default of some of the institutions to the financial sector clean-up. The Ghana […] The post Abena Osei-Asare
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