The United States has restricted travel for its embassy personnel in Israel amid fears of an attack by Iran. The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas “out of an abundance of caution”. Iran has vowed to retaliate, blaming Israel for a strike […] The post US restricts travel
New cases of breast cancer have doubled from 2,000 as of 2022 to 4,000 on a yearly basis since last year across the country. Unfortunately, over 20 percent of the patients are less than 40 years old, thus raising concerns on the need to move beyond awareness creation as a country. The peak age group […] The post New breast cancer cases recorded in Ghana
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
By Ebenezer Chike Adjei NJOKU ([email protected]) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move will offer existing shareholders […] The post
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
Fidelity Bank Ghana has been recognised by Ianmatsun Global Services at a ceremony held at the Kempinski Gold Coast Hotel for its steadfast commitment to gender equality. The bank secured a coveted spot among the top 50 employers for gender equality in Ghana and achieving the prestigious distinction of Gender Equality Champion within the banking […] The post Fidelity
In the upcoming 2024 elections in the United States, Americans are gearing up for a rematch between President Joe Biden and his previous contender and former President Donald Trump. After securing their parties’ nominations, these two familiar faces will go head-to-head in a presidential election rematch, something that hasn’t happened in 70 years! President Biden […] The post Nana
The first man to receive a genetically modified kidney transplant from a pig has been discharged from the hospital. The 62-year-old was sent home on Wednesday, two weeks after the ground-breaking surgery at Massachusetts General Hospital (MGH). Organ transplants from genetically modified pigs have failed in the past. However, the success of this procedure so […] The post Pig kidney
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:
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
The UK and US have signed a landmark deal to work together on testing advanced artificial intelligence (AI). The agreement signed on Monday says both countries will work together on developing “robust” methods for evaluating the safety of AI tools and the systems that underpin them. It is the first bilateral agreement of its kind. UK […] The post UK and US sign landmark agreement
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
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
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
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