FBNBank Ghana says it is working with the Bank of Ghana to identify and address issues that led to the suspension of its forex trading license by the apex bank. The Bank of Ghana announced on Monday the suspension of the Foreign Exchange Trading Licenses of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana […] The post We’re working with
…Championing African Energy Independence As the Africa Energy Technology Conference draws near, one name stands out prominently among the key speakers—NJ Ayuk. Internationally acclaimed as a thought leader, lawyer, entrepreneur, and the Executive Chairman of the African Energy Chamber, NJ Ayuk’s presence at the conference adds immense value and expertise to the discussions on Africa’s […] The post
Guaranty Trust Bank Ghana has assured its customers and stakeholders of its commitment to resolving the Central Bank’s recent suspension of its Foreign Exchange Trading License. The suspension is effective from March 18, 2024, until April 18, 2024. In a statement issued on March 4, the Bank emphasized its ongoing collaboration with relevant Government Agencies […] The post We’re
Construction of a large-scale apparel manufacturing facility has commenced in Savelugu in the Northern Region to create over 1,600 jobs for women and youth in Northern Ghana. Students from the Savelugu School for the Deaf will be among the vulnerable to benefit from jobs to be created by the company. The project is spearheaded by […] The post German
Fidelity Bank Ghana, the nation’s largest privately-owned bank, has successfully constructed a mechanized borehole for the Police Public Safety Training School (PPSTS) at Pwalugu in the Upper East Region, providing a sustainable and reliable source of clean water for the officers and the entire community. For more than a decade, the PPSTS has grappled with […] The post Fidelity
Management of the Ghana Export–Import Bank (GEXIM) has announced it will be hosting “Freedom Market” on Tuesday, March 5, 2024. The “Freedom Market” is a prelude to the 67th National Independence Day celebration next week in the Eastern Region under the theme “Our Democracy, Our Pride”. “Freedom Market”, a special edition of the Bank’s popular […] The post GEXIM
By Bernard Yaw ASHIADEY, Atlanta-Georgia Delta Air Lines has assured the Ghanaian travelling public that the international airline is duty-bound to ensure standards are the same across the globe irrespective of where it is flying from or where its final destination is. Rahsaan Johnson, Managing Director, International Communications at Delta, noted that recent suggestions that […] The post
Togbe Afede XIV, the Agbogbomefia of the Asogli State, has strongly criticised the recent decision by the Bank of Ghana (BOG) to reduce the policy rate from 30% to 29%, describing it as nothing more than a “big joke.” The BOG’s Monetary Policy Committee (MPC) announced this cut on January 29, 2024, with Togbe Afede […] The post BoG’s 1% policy rate cut
Nana Amoasi IV, the Executive Director of the Institute for Energy Security (IES), has warned that the ongoing power cuts in parts of Ghana may persist unless immediate and deliberate actions are taken to address underlying challenges related to installed capacity and fuel supply. He emphasized that these issues significantly impact the country’s power sector. […] The post Recent
The Association of Ghana Industries is in support of efforts by the Tree Crop Development Authority and others to crack down on smuggled vegetable oil in the Ghanaian market. The Tree Crop Development Authority, the Oil Palm Development Association of Ghana, the Customs Division of the Ghana Revenue Authority, and National Security on Tuesday closed […] The post Action
Women at the food market The latest Food Security Update by the World Bank has revealed that about 1.96 million Ghanaians are facing acute food and nutrition insecurity. This Read More... The post 1.96m Ghanaians Face Food, Nutrition Insecurity
The Government has plans to set up a FinTech Innovation Fund to support Start-ups to drive Ghana’s digital revolution. Vice President Mahamudu Bawumia announced this in Accra on Monday during the official press launch of the maiden 3i Africa Summit. The three-day summit, to be held in Accra, is scheduled for May 13-15, 2024, on […] The post Government to introduce
Standard Chartered Bank Ghana PLC has held a STEM (Science, Technology, Engineering and Mathematics) hackathon in commemoration of International Day of Women and Girls in Science. The hackathon held at Accra High School was under the global theme for this year’s celebration “Women and Girls in Science Leadership, a New Era for Sustainability”, and designed […] The post Standard
Kenya has waived entry fees for passport holders from South Africa and six other countries, following widespread criticism of the recently introduced $30 fee. The move aims to boost tourism and attract business travellers. Previously, all foreign passport holders were subject to visa requirements, but the government’s decision sparked backlash for potentially increasing travel costs […] The post Kenya
By Emmanuel AKOMEA Access Bank Ghana PLC has signed a partnership agreement with Mac Autos & Spare Parts Ghana Limited to enhance vehicle ownership in the country. Mac Autos & Spare Parts Ghana Limited, including its subsidiary, MG Auto Trading Ghana Limited, is a leading automobile dealership, selling a wide range of leading brands. As part of […] The post
The Mines and Energy Committee in Parliament has given the Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Edward Nana Yaw Koranteng, a seven-day ultimatum to provide the Committee with further details regarding the $12 million spent on the botched Agyapa royalties deal. He is expected to provide the committee with the documents […] The post Mines
The value of loans granted by financial institutions fell by 54.9 % in the last quarter of 2023. The total amount of secured loans registered by banks and Specialized Deposit-Taking Institutions (SDIs) stood at almost GH¢5.9 billion compared to the GH¢13.2 billion in the same period of 2022. This huge decline of GH¢7 billion in […] The post Total value of secured loans
Raman Malhotra (L) and Kafui Bimpe (R) exchanging the signed document Access Bank Ghana has entered into an agreement with Mac Autos & Spare Parts Ghana Ltd and MG Read More... The post Access Bank, Mac Autos Partner To Increase Vehicle
Dr. Ernest Addison (M) with the delegation An eight-member delegation from the Stellar Development Foundation (SDF), last Thursday paid a courtesy call on the Governor of the Bank of Read More... The post BoG, SDF Hold Talks On Creative Industry Financing
Homeownership is one of the most rewarding experiences in one’s lifetime. It is an important decision to make and requires the right type of financing options to suite the purpose. Buying your first home has been made easy through Republic Bank’s Home Purchase products. Existing homeowners can also take a mortgage to renovate, expand, release […] The post OutStandingBrands24:
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