Finance Minister Ken Ofori-Atta has expressed welcome the International Monetary Fund’s release of the second tranche of Ghana’s extended credit facility with the Bretton Woods institution. According to the Finance Minister, the approval of an additional $600 million for Ghana’s bailout programme signifies the country’s progress in its economic reform trajectory. “Earlier today, the IMF […] The post Release
Bank of Ghana Governor Dr. Ernest Addison has reassured the public that the launch of the much-anticipated e-Cedi, the country’s digital currency, will take place before the end of 2026. The Governor acknowledged progress made in the f the e-Cedi’s development, but attributed the delay in its launch to economic dislocation caused by the events […] The post BoG
Development Bank Ghana (DBG) has partnered with its Participating Financial Institutions (PFIs) to disburse GHS 623 million into the private sector. This capital injection has contributed to the creation of jobs, expansion of businesses, increased revenue, and generation of foreign exchange. DBG’s key highlights in 2023 are captured in a year-end wrapped video on its […] The post
The World Bank Group has welcomed the agreement in principle on the key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors’ Committee under the G20 Common Framework. This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in this country. […] The post World
The concept of who a customer is has more to do with life than the common reference within a business context. Simply put a customer is someone with whom we exchange value. Therefore, in a business sense, we will exchange money for a product or service. A retail store will sell products to its customers […] The post Customer
Fidelity Bank Ghana, the nation’s largest privately-owned bank, has been recognised for its outstanding contributions to agricultural lending in Ghana – receiving two prestigious awards from the Ghana Incentive-based Risk Sharing System for Agricultural Lending Project (GIRSAL). The bank was named the Most Responsive Partner Financial Institution of the Year and earned the Highest Staff […] The post
China has summoned the Philippine ambassador after Manila congratulated the winner of Taiwan’s presidential election. China lashed out on Tuesday, a day after Filipino President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. The highly undiplomatic comments from Beijing, which warned Manila “not to play with fire,” will […] The post China
Hamas has issued a new video purporting to show the bodies of two Israeli hostages, with the militants claiming that they died in air strikes on Gaza. It comes a day after Hamas released another video of the hostages when they were alive, but warning they could die if Israel continued its bombardment. Israel denied […] The post Hamas video claims to show dead Israeli hostages appeared first
The US has condemned Iran over ballistic missile attacks near Iraq’s northern city of Irbil, calling them “a reckless and imprecise set of strikes”. Iran’s Revolutionary Guards said they struck what they claimed were Israeli “spy headquarters” in Iraq’s semi-autonomous Kurdistan Region. Four people were killed and six wounded in Monday’s attack, according to the […] The post US
North Korean leader Kim Jong Un on Monday vowed to remove a massive monument to the possible reunification of the Korean Peninsula that his father constructed in Pyongyang, calling it an “eyesore.” Kim’s call during a speech at a Supreme People’s Assembly (SPA) meeting in Pyongyang was the latest in a string of recent bellicose statements […] The post North Korea declares South Korea
Former United States President Donald Trump has decisively won the Iowa caucuses, cementing his Republican frontrunner status as he bids to retake the White House in 2024. Trump handily beat former US Ambassador to the United Nations Nikki Haley and Florida Governor Ron DeSantis in a widely-expected result on Monday, taking him a step closer […] The post Trump wins Iowa caucuses,
Ecobank, the leading pan-African financial services group, unveils its new brand campaign ‘A Better Way | A Better Africa’, at the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 (AFCON). Ecobank is a proud official sponsor of the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 and is leveraging the unifying, exhilarating and […] The post Ecobank
…as it marks 40th anniversary The Brakwa-Breman Rural Bank PLC, located in Brakwa in the Asikuma-Odoben-Brakwa District of the Central Region, has indicated its readiness to intensify adoption and integration of modern technologies, in a bid to deliver innovative financial services to customers. According to the Board Chairman of the bank, Alexander Koomson, Brakwa-Breman Rural Bank […] The post
The Member of Parliament (MP) for Kwesimintsim, Dr. Prince Hamid Armah, has listed a number of developmental projects he has undertaken in the constituency within three years, as a Legislator. With over 20 infrastructural developmental projects completed, the Legislator appears to have taken development to the next level. Going through the tall list as evidence […] The post Kwesimintsim
A parliamentary candidate hopeful on the ticket of the governing New Patriotic Party in the Bekwai constituency, COP George Alex Mensah (Rtd), has vehemently denied any wrongdoing that may affect his chances of winning the polls. He was involved in the controversial leaked audio scandal, where an alleged plot to oust the Inspector General of […] The post NPP primaries: ‘My
Namibia has condemned former colonial ruler, Germany, for rejecting a case at the UN’s top court accusing Israel of committing genocide in Gaza. Germany has offered to intervene on Israel’s behalf in the case brought by South Africa at the International Court of Justice (ICJ) in The Hague. President Hage Geingob urged Germany to “reconsider …
Far-right groups have discussed toppling the German government as they seek to harness the anger of ongoing farmer protests over subsidy cuts. A protest took place in Berlin on Monday amid fears extremists are infiltrating the agricultural movement. Our team Germany has been working with BBC Verify to build up a picture both online and …
Ukraine’s military says it has shot down a Russian military spy plane over the Sea of Azov, in what analysts say would be a blow to Moscow’s air power. Army chief, Gen Valerii Zaluzhnyi, said the air force had “destroyed” an A-50 long range radar detection aircraft, and an Il-22 control centre plane. The A-50 …
Two British brothers have admitted raiding a museum in Switzerland and making off with iconic Chinese Ming dynasty era artefacts worth millions in order to “clear a debt”, a court heard. Prosecutors said the Museum of Far Eastern Art in Geneva was burgled in June 2019 by a gang of three who used tools to …
The World Bank Deputy Chief Economist, Ayhan Kose, has said the global economy has been remarkably resilient, especially in the last year. Growth last year, he said, surprised on the upside, thanks to the US economy, the strength of the US economy. But, he further noted, some large emerging markets like India, Indonesia, Brazil, Mexico, […] The post There is global economic resilience
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