Founder and Board Chairman of Quick Credit, Richard Nii Armah Quaye, has announced that his company will no longer undertake house-to-house recovery of loans. Quick Credit had been in the news in the past months due to the activities of its loan recovery officers. Videos on social media capture confrontations between these officers and customers […] The post Quick Credit
Ken Ofori Atta Ghana is inching towards securing a $1.15 billion funding from the International Monetary Fund (IMF) and the World Bank by the end of February 2024, as discussions with bilateral creditors Read More... The post Ghana, Creditors Near $1.5bn Funding Deal
UBA official handing over the donation to the management of Madina Polyclinic Staff of the Universal Merchant Bank (UMB) has donated medical equipment to the Madina Polyclinic. It included Read More... The post #UMBCares Brings Cheer To Madina Polyclinic appeared
Morgan Ayawine The Industrial and Commercial Workers’ Union (ICU-Ghana) has appealed to social partners, especially the government, to support State-Owned Enterprises (SOEs). According to the workers’ union, SOEs like Read More... The post Support
French President Emmanuel Macron has appointed Gabriel Attal as the country’s new prime minister, making him the youngest and first openly gay official to hold the position. The 34-year-old education minister was named to the post on Tuesday, and is one of the country’s most popular politicians, according to recent opinion polls. ‘’I know I […] The post 34-year-old
Lawyers representing the Vice-Chancellor of SD-Dombo University of Business and Integrated Development Studies (UBIDS) have threatened legal action against the Ghana Tertiary Education Commission (GTEC) for instructing their client to retire. Professor Philip Duku Osei’s legal team argues that GTEC committed an illegality by directing him to retire upon reaching the compulsory retirement age of […] The post SDD
The Bank of Ghana (BoG) has authorized 16 Foreign Exchange (FX) brokers to commence operations on the Ghana Interbank Forex Market effective January 1 to December 31, 2024. This is in accordance with section 3. 13. 1 of the Ghana Interbank Forex Market rules which provide that local and international FX Brokers who wish to […] The post BOG grants approval to 16
Charity-driven corporate entity, Yoga Business Group, has donated assorted items, including beverages, detergents, toiletries, and an undisclosed amount of money to the renal units of the Korle-Bu Teaching Hospital and the 37 Military Hospital in Accra. The gesture is part of the organization’s annual charity drive and a strategic effort to address the recent dialysis […] The post Yoga
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama has announced plans to set up and personally chair an Accelerated Export Development Council to prepare Ghana to become an export-led economy. This move comes alongside his 24-hour economy plan aimed at boosting economic growth and creating job opportunities for the country. Mr. Mahama […] The post Mahama
Professor Godfred Alufar Bokpin, an economist, has urged governments to ensure that Ghana achieves an inflation rate of at least six percent annually for about 15 years. He believes that, coupled with a stable currency, high productivity, and lower interest rates, this would enable macroeconomic gains to translate into improvements in the lives of citizens. […] The post Ghana
Ghana’s official creditors are scheduled to meet on Monday to discuss restructuring some $5.4 billion in loans to the country, three sources told Reuters, a key step needed to secure its next tranche of funding from the International Monetary Fund. The bilateral lenders, including the governments of China and France who co-chair the Official Creditor […] The post Ghana’s
Staff of the Universal Merchant Bank (UMB) has donated medical equipment to the Madina Polyclinic. It included beds for adults and children, medical equipment consumables, and drugs of various Read More... The post #UMBCares Brings Cheer To Madina Polyclinic appeared
It was interesting to hear Bank of Ghana (BOG) officials pat themselves on the back because year-on-year inflation had dropped to 26.4% in November 2023, from 35.2% in October 2023 and 54.1% in December 2022. This trend should have been expected, I thought, because of the massive price increases and exchange rate depreciation that were […] The post Togbe Afede XIV writes –
The Paramount Chief of Asogli, Togbe Afede XIV, in an op-ed, has bemoaned the implementation of economic policies that he described as predatory, designed to rip off the masses and benefit a few privileged individuals in society. Togbe Afede XIV also complained about what he said is the dishonesty, recklessness, and arrogance of our political […] The post We’ve
Ghana, according to the paramount chief of Asogli, Togbe Afede XIV, would have filed for bankruptcy if it were a company. The Paramount Chief, in an opinion piece titled ‘Bank of Ghana has failed us,’ complained about the economic and fiscal failures of the country, which he attributed to poor and ill-crafted policies. Togbe Afede […] The post Ghana
Trade and Industry Minister, KT Hammond, has described as troubling the decision of cement producers and importers to increase prices. The Adansi Asokwa MP says the development is a “conspiracy of a cabal of cement producers and importers,” which should be condemned. According to him, the government has provided the necessary enabling environment for cement […] The post KT
The payment system in Africa appears to be advancing, with Nigeria leading the mobile banking app chart with 70%, and Ghana trailing with 53%, according to the 2023 West Africa Banking Industry Customer Experience Survey by KPMG. The research highlights diverse value-seeking behaviours across customer segments. The research is KPMG West Africa’s inaugural combined customer […] The post Nigeria
The Chartered Institute of Logistics and Transport (CILT) International, the world’s leading professional body for logistics and transport, has appointed a Ghanaian, Chief Teete Owusu-Nortey FCILT, as its new international President. This historic moment marks a significant milestone for the organization, welcoming its first-ever African president since its founding in 1919. Chief Teete brings a […] The post Ghanaian,
The Ghana Private Road Transport Union (GPRTU) has announced that it submitted a proposal to Parliament for the reconsideration of the Emission Levy Bill, scheduled for implementation in 2024. The Emissions Levy Bill, approved by Parliament, imposes an annual charge of GH¢100 on all owners of petrol and diesel cars, starting from January 2024. The […] The post GPRTU
Following the recent Akosombo Dam Spillage that displaced residents in Lower Volta, OmniBSIC Bank staff have demonstrated their generosity and commitment to the community through the Bank’s Staff CSR project known as the SEEK Initiative. Recognizing the urgent need for support, the bank’s staff raised funds and donated essential supplies to families now residing at […] The post OmniBSIC
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