Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
Sustainable finance, in its simplest form, is a way of managing money that takes care of our planet while achieving our business objectives. It’s about making smart financial decisions that positively impact the environment and society, not just today but for posterity. For banks, sustainable finance means supporting projects and businesses that promote the sustainability […] The post Banking
By Kwami AHIABENU ll Innovations thrive at the speed of interactive communication. Previously, most FinTech services were positioned in various silos; this is based on historical antecedents of banking where various banking services were intentionally built to be independent for several good reasons, including security concerns. Change took place, and systems began to talk to […] The post Powering
In a recent initiative to bolster economic resilience, Absa Bank Ghana has organized a seminar for its Business Banking clients focused on understanding and managing market risks effectively. The event, themed ‘Anticipate and Effectively Manage Market Risk’, aimed to provide insight into the current macroeconomic climate, highlighting potential market risks and outlining risk management solutions. […] The post
By Mansa NETTEY The third month of every year, March has become a canvas on which the pertinent issues of women empowerment and inclusion are laid bare and deliberated upon. There’s a flurry of initiatives aimed at investing in women and inspiring inclusion whiles the achievements of those who have accomplished impressive feats are heralded […] The post Investing
The Ghana International Bank (GHIB), a wholly Ghanaian-born bank incorporated in the United Kingdom, has launched its 65th anniversary celebration at the Kempinski Hotel, Gold Coast City, in Accra. Speaking at the launch, Chief Executive Officer of the Ghana International Bank, Dean Adansi, emphasised the importance of learning from the 65 years of the bank’s […] The post
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
Fidelity Bank Ghana, a leading advocate for financial inclusion, took a centre-stage role in empowering young minds at the 13th African Games. The bank sponsored the Youth Pavilion and as part of this initiative, Fidelity Bank’s Ag. Director of Retail Segments, Thomas Ishmael Adjei, delivered a powerful keynote address focused on equipping young people with […] The post
A man, who defiled and impregnated a 15-year-old student, has been sentenced to seven years’ imprisonment in hard labour, by the Tarkwa Circuit Court. The convict, Kingsley Acquah, 24, pleaded not guilty to the charge, but he was found guilty at the end of the trial. Prosecuting, Superintendent of Police Juliana Essel-Dadzie told the court, … The post Man jailed 7 years for impregnating student
The Tarkwa Circuit Court has sentenced an okada rider, Kofi Sumaila, to 10 years imprisonment for robbing a commercial tricycle rider, at Bompieso in the Prestea Huni-Valley Municipality. The 22-year-old convict, also known as Blackman, pleaded guilty and prayed the court, presided over by Mrs Hathia Ama Manu, for forgiveness. The judge passing judgement, said: … The post Okada rider jailed 10
The Technical Working Group tasked to oversee the completion of the Saglemi Housing Project has been given five weeks to issue the international expression of interest to pave way for private sector participation. Minister of Works and Housing, Kojo Oppong Nkrumah, who issued the directive, said, the move would enable the Ministry to commence the … The post We’ll
In a strategic move to promote trade liberalisation under the African Continental Free Trade Area (AfCFTA), the United Bank for Africa (UBA) Ghana has collaborated with the Ghana Export Promotion Authority (GEPA) to host a crucial sensitisation seminar titled ‘Trade Liberalisation after the AfCFTA’ at the Africa Trade House in Accra. Peter Dery, Head of […] The post
The Ghana Education Trust Fund (GETFund) is committing a total of GH¢2.6 billion to contractors to complete the fund’s stalled projects across the country. This followed the approval by Parliament of more than GH¢3.9 billion for the financing of educational infrastructure projects for this year. Speaking in an exclusive interview with the Ghanaian Times in … The post GETFund
The trial of Dr Cassiel Ato Forson, the Minority Leader, and Richard Jakpa, a businessman, for allegedly causing financial loss of €2.37 million to the state in an ambulance deal, has been adjourned to April 9 for continuation. This is because Mr Jakpa has engaged the service of a new lawyer, Mr Thaddeus Sory, to … The post €2.37m ambulance financial loss case adjourned
The government and its advisors in the coming weeks will begin extensive discussions with the country’s commercial creditors in line with its debt restructuring strategy to ensure debt sustainability, the Finance Minister, Dr Mohammed Amin Adam, has stated. The engagement with the commercial creditors, including bond holders, he said were expected to ensure that Ghana … The post At
The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has reaffirmed his unwavering support for the Proper Human Sexual Rights and Ghanaian Family Values Bill unanimously passed by parliament. The Speaker, in a keynote address delivered on his behalf by his aide, Mr Peter Bamfo, at the 2024 Suma Akwantu Kesie Festival in Suma in the … The post Anti-LGBTQI+
A comedian and actor, Nana Yaw Oduro, was yesterday remanded in police custody by the Ofaakor Circuit Court, near Kasoa, in the Awutu Senya East District of the Central Region. Oduro, also known as Funny Face, who appeared before court for alleged drunk-driving, faces additional charge of careless driving. The accused last Sunday night allegedly … The post Funny Face remanded for
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
The President, Nana Addo Dankwa Akufo-Addo, yesterday launched the Smart Schools Project with about 1.3million students set to receive one tablet each. An initiative of the Ministry of Education with support from the Centre for National Distance Learning and Open Schools (CENDELOS), the project is designed to equip students in the country with the requisite … The post Govt
THE Minister-designate of Finance, Dr Mohammed Amin Adam, has designated the Commissioner of Customs as the sole officer to approve the clearance of goods in warehouses under the Customs Suspense Regime (CSR). The CSR permits importers to suspend payment of import duties because the imports are to be kept in bonded warehouses. Dr Mohammed Amin … The post We’ll
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