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
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
To build the capacity of pupils and instil in them the importance of choosing a good career path at the basic level, teachers of Sanso Methodist Primary School in the Obuasi Municipality invited officials from the National Ambulance Service, Ghana to educate the pupils on basic life support techniques. This programme is part of the […] The post Ambulance Service
Aggrieved Customers of the defunct Gold Coast Fund Management have issued an ultimatum to government to release members’ locked up funds. They have given the government up to June 30, 2024 to respond to their concerns. Over 50,000 of customers have their investments locked up following the revocation of the company’s licence by the Securities […] The post Aggrieved
The Ghana Police Service has announced its arrest of some nine persons for false claim of missing genitals. The Police in its statement said the false reports by these persons has led to fear and panic among innocent citizens, hence their arrests. “Police investigations including medical examinations disclosed that all the claims are false,” the […] The post Police arrest nine
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
A man has been sentenced to 30 years in prison for helping an Islamist attacker who killed five people at a French Christmas market in December 2018. Audrey Mondjehi, 42, was convicted of obtaining a gun used by Cherif Chekatt, who shot and stabbed his victims in Strasbourg, north-eastern France. The pair were former prison […] The post Strasbourg shooting:
Henry Quartey, exchanging pleasantries with GIS staff The Minister of the Interior, Henry Quartey, has assured the public of government’s commitment to continuously retool the Ghana Immigration Service (GIS) Read More... The post Gov’t Committed To Retool GIS – Minister
The President of the Coalition of Concerned Teachers, Ghana, King Ali Awudu, is concerned about the condition of service for teachers in Ghana. Regarding the salaries of teachers, Ali Awudu said when asked whether teachers in Ghana earn up to GHS3000 ” For being in the service for 19 years and with a second degree […] The post With
The Ghana Police Service has disclosed that through an intelligence-led operation and investigation, it has arrested Six (6) persons including Four (4) Juveniles who are all Students of Presbyterian Boys Senior High School (PRESEC), Legon, Accra for staging a kidnapping incident. The two (2) adults among the six (6) are Isaac Kissi Adjei alias Kofi […] The post Police arrest
The Ghana Police Service has stated that its investigation has revealed that the reported kidnapping of a student of Presbyterian Boys Senior High School (PRESEC), Legon, Accra, was staged. According to the Police, the supposed kidnappers demanded an amount of Three Hundred and Forty Thousand Ghana Cedis (GHC340,000.00) as ransom from the alleged victim’s parents […] The post Fake
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
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:
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:
The Ministry of Foreign Affairs and Regional Integration has announced upward adjustments in its fees and charges for services effective Monday April 1, 2024. The Ministry in a statement clarified that this decision aligns with the 2023 fees and charges regulations, L.I.2481. “The Ministry of Foreign Affairs and Regional Integration wishes to inform its valued […] The post New
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