Togbe Afede XIV, the Agbogbomefia of the Asogli State, has strongly criticised the recent decision by the Bank of Ghana (BOG) to reduce the policy rate from 30% to 29%, describing it as nothing more than a “big joke.” The BOG’s Monetary Policy Committee (MPC) announced this cut on January 29, 2024, with Togbe Afede […] The post BoG’s 1% policy rate cut
By Prof. Samuel Lartey In the annals of human progress, each epoch witnesses the emergence of tools and technologies that redefine societal structures, from transportation and agriculture to administration and education. Today, Artificial Intelligence (AI) stands at the forefront of this evolutionary march, particularly in the domains of education, research, and development. While some view […] The post
Ghana Premier League giants, Accra Hearts of Oak have officially dissolved their board in anticipation of the forthcoming annual general meeting. The board, consisting of eleven members including Togbe Afede XIV, Frank Nelson, Dr. Nyaho Nyaho-Tamaloe, Prof. Kofi Kumado, Ivy Heyward-Mills, Alhaji Alhassan Andani, Thomas Kwesi Esso, Eric Barimah-Atuahene, Alhaji Imoro Briamah, Vincent Sowah Odotei, […] The post OFFICIAL:
Barbara Okai-Tettey, Senior Compliance Manager at Stanbic Bank Ghana has emphasized the need for collaboration between the financial service industry and regulators to enhance the evolving use of AI in transaction monitoring. She made this statement at ‘The Fintech & Banking Event’ hosted by fintech software company, ThetaRay, at the Kempinski Hotel Gold Coast City, […] The post
By Effie AMISSAH The banking industry underpins the financial services industry in the country. Regulated by the Bank of Ghana, the industry provides an avenue where cash, credit and other financial transactions for both individuals and businesses are accessed. According to the 2023 Price Water House Coopers Banking Survey Report, the banking industry contributed GHC16.21 […] The post The
The Minority in Parliament has issued a warning to the Minister for Roads and Highways, Francis Asenso-Boakye, regarding what they perceive as his continuous absence from parliamentary sessions where he is expected to address queries related to his ministry. According to the Caucus, the Minister has, on three separate occasions since his nomination to lead […] The post Minority
The Member of Parliament (MP) for Madina, Francis-Xavier Sosu, has staunchly defended his Parental Leave Bill Proposal, designed to address the gender gap by advocating for a parental leave period ranging from 7 days to 4 weeks for fathers to support their spouses after childbirth. Sosu highlighted the need for immediate parental leave for working […] The post Paternal leave
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […] The post Over
Prince Harry has lost a High Court challenge against the government over the level of his security protection when he is in the UK. The Duke of Sussex had been trying to overturn a ruling which saw his security status downgraded after he stopped being a “working royal”. His lawyers argued there was unfairness in […] The post Prince Harry loses
Francis-Xavier Sosu A new bill extending maternity leave from three to four months, introducing paternal leave for men, and providing for other ‘related matters’ in maternal health, such as the Read More... The post Parental Leave Bill Coming appeared first on DailyGuide
Ghana and Suriname have expressed a mutual interest in strengthening their trade relations. This intent was pronounced by the Ambassador Extraordinary and Plenipotentiary of the Republic of Suriname, Fidelia Graand-Galon, during a pivotal meeting with officials from the Ghana Shippers Authority (GSA) on February 22, 2024. The discussions were centered on pinpointing potential business ventures for both […] The post
By Ernest Bako WUBONTO The Deputy Minister of Finance, Dr. John Kumah, has stressed the critical role entrepreneurs play in the socio-economic development of the country. Dr. Kumah said entrepreneurs have demonstrated over the years, especially in times of crisis like the COVID-19 pandemic, that they are the true lifeline of the economy. Dr. John […] The post Deputy
In today’s dynamic financial landscape where borders are increasingly blurred and customer demands transcend local confines, only institutions with a forward-thinking global perspective can truly thrive. Fidelity Bank, Ghana’s foremost privately-owned bank, exemplifies this ethos, consistently surpassing local standard while making its mark on the global stage. Seamless banking solutions for a connected world At […] The post
Hiplife Legend Okyeame Kwame and actor Prince David Osei have been named on the manifesto committee for the flagbearer of the New Patriotic Party, Dr Mahamudu Bawumia. They form part of the party’s sub-committee on tourism, arts and culture chaired by the Executive Secretary of the National Film Authority (NFA), Juliet Yaa Asantewaa Asante and […] The post Okyeame
The Group Managing Director (GMD) of UBA Group, Mr. Oliver Alawuba, recently paid a working visit to the Governor of the Bank of Ghana, Mr. Ernest Addison, in a meeting that underscored UBA’s commitment to regulatory compliance and strategic expansion in Ghana and beyond. Mr. Alawuba assured Governor Addison that UBA would continue to adhere […] The post Governor
…exuding leadership confidence through appearance and communication Are you a leader who command attention by your voice but have no message? Do you sound nice and articulate to listen to but does not have influence? Executives serve as the face of the organization, representing its values, goals, and interests. Therefore, it is important for executives […] The post
The Manhyia South constituency organizer of the National Democratic Congress (NDC) in the Ashanti Region, Mustapha Alhassan, is expected to report to the police headquarters today. This comes after the police declared him wanted following a viral video capturing him issuing threats of electoral violence. The regional executives of the party, unhappy with the summons, […] The post Viral
Frank Aidoo The Akuapem South Municipal Assembly has dispelled claims circulating on social media about the involvement of the Municipal Chief Executive (MCE), Frank Aidoo, in the cutting and Read More... The post ‘I’m Not Selling Rail Tracks‘ appeared first on DailyGuide
By Raghuram G. Rajan & Viral V. Acharya Almost a year after the mini banking crisis in the United States, it is worth revisiting the episode. Was it just a tempest in a tea-cup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the […] The post The danger of forgetting the 2023 banking crisis appeared
The value of loans granted by financial institutions fell by 54.9 % in the last quarter of 2023. The total amount of secured loans registered by banks and Specialized Deposit-Taking Institutions (SDIs) stood at almost GH¢5.9 billion compared to the GH¢13.2 billion in the same period of 2022. This huge decline of GH¢7 billion in […] The post Total value of secured loans
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