Banks’ performance has rebounded after the Domestic Debt Exchange Programme (DDEP), Governor of the Bank of Ghana, (BoG), Dr Ernest Addison has said. He indicated that the banks that were severely hit by the DDEP are relying on the Bank of Ghana-approved capital restoration policy. Dr Addison said these at the 117th Monetary Policy Committee […] The post Banks’ performances
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
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
Bayobab Group, a subsidiary of MTN Group, has successfully restored its operations, recovering over three terabits per second (Tbps) of capacity across the world to bolster network connectivity. A statement from MTN Group dated March 19 said, “Bayobab’s ecosystem facilitates secure and scalable global traffic within Africa and the rest of the world, serving 19 […] The post Undersea
The late Bennet Agyekum Adomah Mam Yandey Joof, the girlfriend of the late Bennet Agyekum Adomah, Chief Executive Officer of Kikibees Restaurant and Lounge has been discharged by the Madina Read More... The post Late Kikibees CEO’s Girlfriend Freed appeared first on
FA Cup defending champions, Dreams FC, will cross swords with Division One campaigners, Soccer Intellectuals in this year’s MTN FA Cup quarter finals. The Dawu-based side, who defeated King Read More... The post Dreams Face Intellectuals… In MTN
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 Madina District court has discharged Mam Yandey Joof, the lady standing trial over the alleged murder of her boyfriend Benett Agyekum Adomah alias Kikibee. The post Kikibee CEO’s death: Court finds girlfriend not guilty of murder first appeared on 3News.
…significance of technology in education Education has since time immemorial been present. Well, how did this even come about? In prehistoric times, education happened informally through oral communication. The ancient Egyptians, for instance, traveled to study plant and animal species. However, ancient civilization led to a gradual shift from informal to formal education. History was […] The post An
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
Head of Sports at Despite Media, Dan Kweku Yeboah, has stated that Otto Addo has always been a favourite of the Ghana Football Association (GFA) and that he is not surprised he has been reappointed to lead the Black Stars. Otto Addo was rehired by the Executive Council of the Ghana Football Association on Friday, […] The post Otto Addo’s return not surprising –
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
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
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