Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
Abubakar Kamoko, the son of retired Ghanaian boxer Bukom Banku, has etched his name in history at the recently concluded 2023 African Games by securing a silver medal, surpassing his father’s achievements from 25 years ago. Competing in the fiercely contested 86kg cruiserweight category, Kamoko initially secured his place in the semifinals with an outstanding […] The post African
The Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency. The Central Bank emphasizes its progress toward achieving a zero-counterfeit regime. Counterfeiting and possession of counterfeit banknotes are punishable by law. During a press conference held during a tour of the currency processing centre as part of Ghana Heritage Month, […] The post BoG
Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […] The post Ghana’s policy rate is one of the highest
The Bank of Ghana (BoG) has a duty to slash its Policy Rate (PR) drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing the rate drastically will trigger a decline in the ‘artificially high’ lending […] The post Cut policy rate drastically – Economist tells Bank
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
Stephen Asamoah Boateng presenting certificate to one of the winners The Ghana Culture Forum (GCF) has commended GCB Bank PLC’s support towards the 2024 Ghana Culture Week. Chairpersonof the Read More... The post Ghana Culture Forum Lauds GCB Bank appeared first on
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
The Nigerian Federal Government is in talks with the World Bank to complete the processes of obtaining over $1 billion loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country. The request is contained in a recent World Bank document […] The post Govt eyes fresh $1bn World Bank loan for
Fidelity Bank, Ghana’s largest privately-owned bank has held its inaugural Stakeholder Workshop, as well as the Orange Summit, to address critical needs in sustainability and young entrepreneur development. These events are in line with the bank’s commitment to a brighter future for Ghana, through impactful initiatives on two key fronts – fostering sustainable development and […] The post Fidelity
Zenith Bank, one of Ghana’s leading financial institutions, has opened its newest branch at Techiman, in the Bono East Region of Ghana. Strategically located in the heart of Techiman, this expansion underscores Zenith Bank Ghana’s commitment to serving communities across Ghana and fostering economic growth in the region. With the opening of the Techiman branch, […] The post
Award-winning artist, Sharon Dede Padiki has commenced her painting marathon seeking to break the Guinness World Record for the longest painting by an individual. The post Guinness World Record : Artist Sharon Padiki embarks on 168-hour painting marathon first appeared on 3News.
Zenith Bank, one of Ghana’s leading financial institutions, has proudly opened its newest branch in Techiman, in the Bono East Region of Ghana. Strategically located in the heart of Techiman, this expansion underscores Zenith Bank Ghana’s commitment to serving communities across Ghana and fostering economic growth in the region. With the opening of the Techiman […] The post Zenith
Banks in Ghana have apologised to their customers and all stakeholders for the dusyrption in internet banking service following the cuts in internet service. A statement signed by the Association’s Chief Executive, John Awuah, the internet breakdown has affected service delivery, particularly online banking and services delivered through digital channels. “Information we have received from […] The post Internet
Participants at the workshop Fidelity Bank Ghana says it is demonstrating commitment to a brighter future for Ghana through fostering sustainable development and empowering young entrepreneurs. The bank recently Read More... The post Fidelity Bank
It is becoming increasingly difficult for businesses to function without technology these days, the President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor has said. He attributed this to the enhanced interconnectivity and efficiencythat technology brings to businesses. Technology, he noted, is an […] The post It
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor has said that it is becoming increasingly difficult for businesses to function without technology these days. That is because of the enhanced interconnectivity and efficiency technology brings to businesses, he said. He explained that […] The post Technology
Fidelity Bank, Ghana’s largest privately-owned bank, is demonstrating its commitment to a brighter future for Ghana through impactful initiatives on two key fronts: fostering sustainable development and empowering young entrepreneurs. The bank recently hosted both its inaugural Stakeholder Workshop and the Orange Summit, events that addressed critical needs in sustainability and young entrepreneur development. The […] The post Fidelity
The Ghana National Fire Service (GNFS) has raised concerns about the lack of fire tenders in Weija and Kasoa, posing a potential threat to residents in these areas. The Fire Service emphasizes that in the event of a fire outbreak, the affected residents would face serious challenges. ADO1 Alex King Nartey, the Public Relations Officer […] The post There’s no functional
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