…targets 3,000 annual visitors The Ministry of Tourism Arts and Culture (MoTAC) and the Ghana Tourism Development Company (GTDC) are targetting 3,000 annual visitors to the redeveloped and upgraded ‘Big Tree’ tourist site and its receptive facility at Aprokumasi Akyem-Manso, in the Asene Manso Akroso district of the Eastern Region. The redevelopment project involved two […] The post MoTAC,
Government continues to be the biggest spender in terms of procurement of goods, works and services. Government also remains the main provider of infrastructure and related services including roads, health facilities, sewerage and sanitation infrastructure and services, sport facilities, residential and commercial facilities among others. All these are funded from public funds which are mostly […] The post Framework
Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto, urged homeowners to do backyard gardens when he launched the ‘Let’s make agriculture flourish in Greater Accra’ campaign at the Teshie Military academy and Training School (MATS) in Accra. He observed that the history of Ga Homowo Festival talks about ensuring food security in the Ga […] The post ‘Homowo goes green’
The Director of Public Prosecutions, Yvonne Atakora-Obuobisa, has called on Police Investigators to conduct proper investigations into reported child online cases for effective prosecutions. Speaking at a two-day workshop on the Child Online Protection (COP) provisions in the newly passed Cybersecurity Act, 2020 (Act 1038) in Accra, the Director of Public Prosecutions further indicated that […] The post Child
As part of the bank’s commitment to empower female entrepreneurs with financial and business skills, Access Bank Plc. has unveilled the third edition of its Womenpreneur Pitch-a-ton Africa programme. The Womenpreneur Pitch-a-ton Africa programme is designed to provide female-owned businesses across Africa an opportunity to access finance, world-class business trainings as well as mentoring opportunities. […] The post Access
The Ghana Maritime Authority (GMA) is confident that Ghana’s maritime trade numbers will increase with consistent updates of its nautical chart by the National Hydrographic Office (NHO). Since the setting up of the NHO last year, the country has on a consistent basis been updating its nautical data to provide reliable information for vessels that […] The post Maritime
There is a strong proclivity to consume but a low proclivity to save. Consumption would imply minimal savings, investment, and capital development. Savings reflect the percentage of net income not spent on current use. Saving is, thus, a sacrifice from present consumption, which allows wealth to be accumulated. It is the preservation of income for […] The post Insight into the
Fidelity Bank and VIAMO are partnering to bring financial innovation to the Ashanti and Western regions of Ghana. The United Nations Capital Development Fund (UNCDF) has announced that it has entered into an agreement with Fidelity Bank Ghana, a leading commercial bank headquartered in Ghana engaged in financial inclusion and Viamo, a global social enterprise […] The post Fidelity
Banks in Ghana have been advised to develop attractive savings products with competitive interest rates to aggressively boost the savings culture of Ghanaians. This will be in support of the Bank of Ghana (BoG) and Ministry of Finance initiatives and encouragement for Ghanaians to have absolute confidence in the banking industry – especially as the […] The post Banks
– is it an obstacle in modern banking? (3) “Money in the bank is like toothpaste in the tube. Easy to take out, hard to put back.” – Earl Wilson. Ghana is still recovering from the shock of the recent armed attack on a cash van (not a bullion van) which ended up with the […] The post Segregation of duties in transactional banking appeared first on
Polytank Ghana, a trailblazer in the packaging industry over the past fifty years, has outdoored a first-of-a-kind biodegradable paper bin. The bins which are very light, foldable and 100% recyclable are meant to store dry waste in homes offices and public areas. This innovation forms part of the company’s green initiatives of producing recyclable products […] The post Polytank
A Hight Court has ordered Italian oil and gas firms ENI and Vitol to set aside 30 percent of oil proceeds from the Sankofa Field in an escrow account, pending the final determination of an application filed by Springfield E&P – a wholly Ghanaian-owned upstream firm. The two oil companies were directed to unitise their […] The post Court directs
On 11 September 2017, the Bank of Ghana issued a new minimum capital directive as part of its banking sector reforms. The new directive required that universal banks operating in Ghana increase their stated capital to GHS400 million by the end of 2018. We all know what happened afterwards, particularly the fact that nine banks […] The post FBNBank@25; the walk of the
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has expressed optimism that private sector credit will pick up as the signs of an economic rebound are positive after the ravages caused by the COVID-19 pandemic. According to him, the policies introduced in the throes of the pandemic to control its effect on […] The post Private sector credit to
…as both see heavy contraction in Q1 Even as the country strives to recover from ravages of the pandemic, the two hardest-hit sectors – extractives and hospitality – continue finding it difficult to come out of the economic quagmire, as both saw their largest contraction in first quarter of the year. Data published by the […] The post Extractive, hospitality
KGL Group, a wholly Ghanaian- owned group of subsidiaries, lent support to host the maiden edition of the Ghana Diaspora Investment Summit 2021 organised by the Ghana Investments Promotions Council (GIPC). The event was held under the theme ‘The New Normal: Leveraging Diaspora Investments To Build Back Better’, and sought to highlight diasporan collaborative investments […] The post KGL
Payments made via the universal GhQR attract no charges, the Chief Executive of Ghana Interbank Payment and Settlement System (GhIPSS) Mr. Archie Hesse has said. According to him, the no-charge and other qualities such as efficiency, convenience and security make it a very convenient payment channel. Transaction cost remains one of the concerns which the […] The post GhQR transactions
For the past three months, currency trading speculators have been increasingly taking trading positions against the cedi in an effort to reap quick profits from the national currency’s signs of weakening against the dollar, a forex broker with Sarpong Capital Limited, Jeffery Paa-Kwesi Tawiah, has revealed. The Ghana cedi has shown a weakening position against […] The post Currency
The country’s religious landscape is likely to change in the next 20 years, as more children embrace the idea that hard work, educational qualification and individual talent are more beneficial in improving one’s socio-economic situation than religious beliefs and practices. According to the Executive Director of Child Rights International ( CRI), Mr. Bright Appiah, this […] The post Children
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