Business
IMF: We are satisfied with Ghana’s Economic Performance
The International Monetary Fund (IMF) has expressed satisfaction with Ghana’s Economic performance under the IMF-supported program, as it reaches staff-level agreement on the second review of Ghana’s economic program under the Extended Credit Facility (ECF) arrangement. Addressing the media at a joint news conference with the Bank of Ghana (BoG) and the Ministry of Finance […]
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Business
OmniBSIC Bank posts historic profit, makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring program, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Business
Govt to tax foreign incomes of resident Ghanaians to replace VAT on electricity
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […]
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Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
The post OmniBSIC
Banking & Finance
Fidelity Bank reaffirms commitment to empowering women-owned businesses
Fidelity Bank, Ghana’s largest privately-owned bank, reaffirmed its commitment to empowering women entrepreneurs during the Women in Business Dialogue Series hosted by the Business and Financial Times. Nana Esi Idun-Arkhurst, Divisional Director, Retail & Business Banking at Fidelity Bank, delivered impactful insights at the event, emphasizing the importance of cultivating investor-ready businesses and Fidelity’s commitment […]
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Business
BBAG: Revolutionising tech landscape with Blockchain
To position Ghana as a leading force in blockchain utilisation, development and talent cultivation to address pressing societal needs, Eric Annan – alongside a dedicated founding team – embarked on a transformative journey to establish the Blockchain Builders Association of Ghana (BBAG). In just under seven months, BBAG has achieved remarkable milestones, showcasing its unwavering […]
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Business
Stanbic Bank, GMA Sign Financial Care Package MOU
Mr. Asomaning, Dr. Serebour exchanging pleasantries Stanbic Bank Ghana has officially signed a Memorandum of Understanding with the Ghana Medical Association (GMA) to introduce financial care packages tailored to
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The post Stanbic Bank, GMA Sign
Business
IMF 2nd Review: Govt Reaches Staff-Level Agreement
IMF, BoG and Finance Ministry officials after the press conference Ghana has reached a staff-level agreement with the International Monetary Fund (IMF) on the second review of the country’s
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The post IMF 2nd Review: Govt Reaches Staff-Level
Business
Could insurtech overtake traditional insurance?
…Are we ready? By Daniel Sarkodie DUAH Just a little more than five years ago, technology started to focus on changing the insurance industry. Even though insurance is super important for the world to grow and expand, it was slower to use new technology compared to other industries. This means that while other industries were […]
The post Could insurtech overtake
Business
Entrepreneuring the impending youth bulge
By Gordon ADOMDZA (Dr) The sub-Saharan African region is set to power the next phase of global population growth. According to Foresight Africa (2020), 8 out of 10 fastest-growing countries will be in the region by 2030. This situation will intensify the demand for meaningful work, with more qualified graduates competing for limited job opportunities. […]
The post Entrepreneuring
Guardiola confident of Walker return against Madrid in UCL quarter final
Pep Guardiola says Kyle Walker could play a part in Manchester City’s crucial UEFA Champions League quarter-final second-leg clash with Real Madrid at the Etihad Stadium on Wednesday. Walker has not featured in any game for Manchester City since he suffered a hamstring injury on international duty with England on March 16, and the Cityzens […]
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Business
Personal Branding with Bernard Kelvin Clive: The designer and Uber driver experience
…The power of exceptional customer experience “Often times consumers, clients, and customers are not just buying a product or service, they are buying an experience, a feeling, a perception, a person (YOU)” – Bernard Kelvin Clive Agyemang responded in Pidgin English, “Now the system spoil o, every small business owner thinks say dem be bossu, […]
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Business
Taxing foreign incomes of resident Ghanaians a smart approach – Tax Analyst
Francis Tomore Boi, a renowned Tax Analyst, has endorsed the government’s initiative to tax the foreign incomes of resident Ghanaians as a strategic move to address the revenue shortfall resulting from the abandoned VAT on electricity. He described this as a smart move by the government. His comments are on the back of the government’s […]
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Business
Ghanaian women will benefit more from Mahama’s 24-hour economy – Shirley Naana
Shirley Naana Ampem, the Eastern Regional Women’s Organizer for the National Democratic Congress (NDC), has stated that Ghanaian women will be one of the major beneficiaries of John Dramani Mahama’s proposed 24-hour economy policy. According to her, the policy could significantly boost economic opportunities for women, particularly in the night market economy and key industries […]
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Business
CEO of IPGG calls for strategic planning in power generation and distribution framework
The CEO of the Independent Power Generators, Ghana (IPGG), Dr. Elikplim Kwabla Apetorgbor is advocating strategic planning in our power generation and distribution framework. He says that the focus of IPGG is on enhancing efficiency through advanced technologies and better planning strategies. In a statement, Mr Apetorgbor said “We are dedicated to working collaboratively with […]
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