At the maiden edition of the Women in Business Dialogue series organised by the Business and Financial Times and held in Accra, the Sector Head, SME & Retail Banking at Zenith Bank, Gloria Cabutey-Adodoadji, urged businesswomen to leverage on the golden opportunities of the African Continental Free Trade Area (AfCFTA) agreement to expand their reach […] The post Zenith
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:
By Christabel DANSO ABEAM The Divisional Director of Retail and Business Banking at Fidelity Bank, Nana Esi Idun-Artkhurst, has outlined essential strategies to prepare women-owned businesses for investment. She stated that a crucial factor determining a business’ creditworthiness is the owner’s discipline and commitment to maintaining accurate bookkeeping records. Expanding further, Ms. Idun-Artkhurst noted that […] The post
The Bank of Ghana (BoG) has appointed Dr Joseph O. France as a Management Advisor to the Universal Merchant Bank Ltd. (UMB). Dr. France’s role will involve advising UMB’s management, monitoring its recapitalization efforts, and overseeing governance reforms agreed upon with the Bank of Ghana. The appointment is in accordance with section 101(1) of the […] The post BoG
The Bank of Ghana (BoG) says it remains committed to promoting a sound and resilient banking sector that retains the trust and confidence of the general public. The central bank said this while announcing that it has appointed Dr. Joseph O. France as an Advisor to advise the management of Universal Merchant Bank LTD (UMB) […] The post Bank
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 Absa
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the security agencies to play their role in the fight against cross-border illegal transfers. He says that there is nothing the central bank can do about it if the security agencies do not help. Dr Addison indicated that although the Bank hears rumors […] The post If the
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
Thomas Ishmael Adjei Fidelity Bank Ghana, a leading advocate for financial inclusion, took a centre stage role in empowering young minds at the just ended 13th African Games. The Read More... The post Fidelity Bank Empowers Youth At African Games appeared first
The Bank of Ghana (BoG) has received a US$300 million facility from the World Bank as budgetary support. According to a report by Citi News, the BoG’s account was officially credited on Wednesday, March 27, 2024. The release today is the first of three $300 million World Bank operations for disaster response and resilience in […] The post $300m World Bank budgetary support hits
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29%. This move comes in response to a Read More... The post BoG Maintains Monetary Policy Rate At 29% appeared first on DailyGuide
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
The Central Bank announced Monday it has decided to adjust the Cash Reserve Ratio (CRR) for banks. Governor of the Bank of Ghana and Chairman of the Monetary Policy Read More... The post BoG Adjusts Banks’ Cash Reserve Ratio appeared first on DailyGuide
Dr. Ernest Addison, Governor of Bank of Ghana The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29% following a review of some developments in Read More... The post Policy Rate Remains 29% appeared first on DailyGuide Network
Dawda M. Hafisadeen, a former Chief Financial Officer (CFO) of the defunct Beige Bank, says the Bank of Ghana (BoG) declared his outfit insolvent without an opportunity of fair hearing. According to him, Beige Bank was denied the opportunity for explanation, despite being given 10 days to do so. Mr. Hafisadeen, now a lawyer, working […] The post BoG didn’t give Biege
As part of this year’s International Women’s Day celebrations, Stanbic Bank Ghana hosted a webinar focused on fostering a culture of inclusion in business operations. This initiative underscores the Read More... The post Stanbic Hosts Webinar On Inclusion appeared first on
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that banking is a profitable business in Ghana. This explains the reasons why more investors want to move into the sector and inject their capital there, he said. Dr Addison said this while answering a question as to whether or not investors have […] The post Banking is a profitable business in Ghana – Governor Addison
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