According to the 2023 World Economics Governance Index study, Ghana is one of Africa’s top ten best-governed countries, ranking fifth behind Mauritius, Namibia, South Africa, and Botswana. Per the ranking, Ghana outperformed Senegal, Malawi, Lesotho, Burkina Faso, Togo, and Nigeria. Ghana scored a grade of B, and with an index of 61.7, secured the 5th […] The post Ghana ranked 5th best-governed
The president of Botswana has threatened to send 20,000 elephants to Germany in a dispute over conservation. Earlier this year, Germany’s environment ministry suggested there should be stricter limits on importing trophies from hunting animals. Botswana’s President Mokgweetsi Masisi told German media this would only impoverish people in his country. He said elephant numbers had […] The post Botswana
Rescue efforts are under way in Taiwan after a 7.4 magnitude earthquake struck the island’s eastern coast, killing at least nine and injuring more than 800. Some 127 people are trapped in collapsed tunnels and on mountainous roads along the rugged coastline. The epicentre was 18km (11 miles) south of Hualien city, but strong tremors […] The post Rescue efforts continue after
Uganda’s Constitutional Court has rejected a petition seeking to annul an anti-gay law that has been roundly condemned internationally as one of the toughest in the world. The court found on Wednesday that some sections of the law violated the right to health and it was “inconsistent with right to health, privacy and freedom of religion” but […] The post Uganda’s Constitutional
Tens of thousands of people have fled the Haitian capital, Port-au-Prince, to escape a surge in gang violence over the past weeks. United Nations figures suggest more than 53,000 left between 8-27 March. The UN is warning that the rural regions to which many have fled are not equipped to deal with such a large […] The post More than 50,000 flee Haiti capital after surge in gang violence
The White House wants US space agency Nasa to develop a new time zone for the Moon – Coordinated Lunar Time (CLT). Because of the different gravitational field strength on the Moon, time moves quicker there relative to Earth – 58.7 microseconds every day. This might not seem like much, but it can have a […] The post White House wants Moon to have its own time zone appeared first
Ghana has suffered a significant drop in the FIFA World Rankings following their recent games during the March international break. The Black Stars, led by Otto Addo, suffered a 2-1 loss against the 2023 Africa Cup of Nations (AFCON) runners-up Nigeria and a 2-2 draw with Uganda’s Cranes during the March International break. Ghana, who […] The post FIFA Rankings: Ghana drops to
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
Ukraine has claimed responsibility for a drone attack in Russia’s Tatarstan region – more than 1,300km (807 miles) from the Ukraine-Russia border. The strikes, in which 12 people were injured, are the deepest into Russian territory since the start of the war. Local authorities said that the strikes hit the town of Yelabuga, where drones […] The post Deepest Ukraine drone
The judge overseeing Donald Trump’s criminal hush money case has expanded a gag order on the former president after his online attacks against his daughter. Justice Juan Merchan has banned Mr Trump from criticising his family members or those of Manhattan prosecutor Alvin Bragg. The Trump campaign has called the gag order unconstitutional. In the […] The post Trump gag order expanded
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
By Ngozi OKONJO-IWEALA Taking place in challenging and uncertain times, the World Trade Organization’s 13th Ministerial Conference in Abu Dhabi produced mixed results: a few successes, but also some disappointments. By contrast, the previous ministerial conference, held in June 2022, concluded with the adoption of numerous multilateral agreements and decisions, giving the WTO a temporary […] The post
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
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