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
The management of the Ghana Revenue Authority has celebrated its outgone Commissioner-General Rev. Dr. Ammishaddai Owusu-Amoah. They commended him for his exceptional leadership and immense contribution to the operations of GRA, especially in the area of digitalization and wish him well in his future endeavours. President Akufo-Addo on March 28, 2024, appointed Madam Julie Essiam […] The post GRA
The National Communications Authority (NCA) has provided an update on the repair to the damage of the submarine cables which occurred on 14th March, 2024, and resulted in the disruption of data services in Ghana. The NCA said it engaged with the four Submarine Cable Service Providers (SAT-3, ACE, WACS and MainOne) to receive updates […] The post NCA updates on the repair to the damage
The Sekyere Rural Bank has made giant strides in spite of the Economic and Business Environment challenges in the first quarter of 2022. The bank recorded impressive performance in all the key financial indicators as Deposit hit-GHS126,840,132, Loans and advances – GHS45,675,697, Investment – GHS68,765,948, Total assets – GHS145,013,316, Share Capital – GHS2,240,178, Profit/loss before […] The post Sekyere
The Climate Vulnerable Forum (CVF) will now have a permanent headquarters in Ghana. The secretariat, which is expected to do more of the day-to-day work, is located in Accra and housed in the Africa Trade House, However, leadership or chair position rotates among member countries every two and half years. The leadership position (Presidency or […] The post Ghana is now the Headquarters
Joe Jackson, the Director of Business Operations at Dalex Finance, has assured customers of the Universal Merchant Bank Ltd. (UMB) that there is no cause for alarm regarding the Bank of Ghana’s (BoG) monitoring of the bank’s recapitalisation efforts. He urged customers to have confidence in the central bank’s role. The BoG has appointed Dr […] The post UMB
By Ebenezer Chike Adjei NJOKU [email protected] The Ghana Stock Exchange (GSE) is pushing for the reinstatement of the capital gains tax exemption on listed securities, with Managing Director Abena Amoah confident it would deepen investor participation and solidify the bourse’s gains. She believes the tax break, coupled with tax incentives for listing companies, would significantly […] The post
The Locked-up Investment Holders Forum will hold a protest today, Wednesday, March 27, 2024, against the Bank of Ghana (BoG). The demonstration aims to urge the central bank to address the issue of investments trapped in BoG-regulated financial entities. In a statement, Dr. Adu A. Antwi, the group’s convener, announced that participants would gather at […] The post Locked-up
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
MR John Kuuku Dsane, a retired Forensic Psychiatry specialist, says Ghana can rake in more revenue, annually, by instituting a 24-hour-economy for growth advancement. He said the country could take advantage of such policy and position itself as an attractive destination for investment, to foster economic growth, create job opportunities, and contribute to the improvement … The post Ghana
The Minister of Finance Dr Mohammed Amin Adam has said that a Preliminary assessment undertaken by the Ministry and the central bank shows that they are on course to meet most of the targets under the Programme with the International Monetary Fund (IMF). He said that the Finance Ministry is working with the Bank of […] The post 2nd review: We’re on course
The Minister of Finance Dr Mohammed Amin Adam has said that the Finance Ministry is working with the Bank of Ghana (BoG) as part of preparations ahead of the second review of the programme with the International Monetary Fund (IMF). He said that the Preliminary assessment undertaken by the Ministry and the central bank shows […] The post Finance Ministry working with
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
Herbert Krapa President Nana Addo Dankwa Akufo-Addo has appointed Herbert Krapa, Deputy Minister for Energy, as the new Chairman of the Board of Directors of the Electricity Company of Read More... The post Herbert Krapa Replaces
In a move to revitalize the operations of the Tema Oil Refinery (TOR), Ghana’s Energy Minister, Dr. Matthew Opoku Prempeh, has inaugurated the reconstituted board of the refinery. The Read More... The post Energy Minister
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
Dr Matthew Opoku Prempeh, the Minister of Energy, on Tuesday inaugurated the newly constituted 11-member board of the Tema Oil Refinery (TOR) Company Limited in Accra and urged them to rise to the occasion. The board includes Leon Kendon Appenteng as the chair, Kofi Mocumbi Tagoe as the Managing Director, and other members such as […] The post Ensure TOR becomes viable
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS