Fiscal space, in its simplest form, is the capacity of governments to adjust their revenue and expenditure policies to overcome economic shocks and foster growth. It is a precarious balance between short-term responsiveness and long-term prudence. It is essential to realise that fiscal space is not an abstract concept. It is tangible and can be created through […] The post
The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme targets. The government is seeking to secure the 2nd tranche of the IMF bailout after securing the 1st tranche in 2023. The government embarked on a Domestic Debt […] The post IMF
Over the last 15 years, one of the major developments that has revolutionized and disrupted the entire financial sector in Ghana is the emergence of Mobile Money Services (MoMo). Though MTN launched its Mobile Financial Services (MFS) in 2009, many Ghanaians were yet to warm up to it as a safe mode of payment in […] The post Navigating
We are in a world where by the click of button, money is transferred from one jurisdiction to the other with ease. The emergence of digital payment platforms and money remittance services (Fintech) has changed the way we interact with money on daily basis. Technology has contributed to this effective and efficient way of doing […] The post Micro
Ken Ofori Atta Ghana is inching towards securing a $1.15 billion funding from the International Monetary Fund (IMF) and the World Bank by the end of February 2024, as discussions with bilateral creditors Read More... The post Ghana, Creditors Near $1.5bn Funding Deal
French President Emmanuel Macron has appointed Gabriel Attal as the country’s new prime minister, making him the youngest and first openly gay official to hold the position. The 34-year-old education minister was named to the post on Tuesday, and is one of the country’s most popular politicians, according to recent opinion polls. ‘’I know I […] The post 34-year-old
The President, Nana Addo Dankwa Akufo-Addo, has ordered the immediate suspension of the revenue assurance contract signed between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML). He has also appointed the Audit, Tax, and Advisory Services firm, KPMG, to conduct an immediate audit of the transaction. In a statement dated January 2, […] The post Akufo-Addo
France’s powerful CGT trade union has called for nationwide “civil disobedience” following the adoption by parliament of an immigration law designed to toughen conditions for foreigners living in or moving to France. CGT chief Sophie Binet on Thursday made the call for civil disobedience against the legislation, which she says calls into question France’s “republican principles”. Speaking […] The post French
Ghana’s financial sector is gradually witnessing a remarkable transformation as traditional brokerage firms embrace cutting-edge technology to offer a seamless and secure investment experience. Teak Tree Brokerage, a Licensed Dealing Member (LDM) and Depository Participant (DP) of the Ghana Stock Exchange (GSE), is at the forefront of this shift. In an exclusive interview with John […] The post
Employees in the Bancassurance Unit of Stanbic Bank Ghana have organised a beach clean-up at the Korle Beach in Accra, demonstrating the bank’s commitment to protecting the natural environment. Speaking at the clean-up exercise, the Head of Bancassurance at Stanbic Bank, Henry Manyo-Plange, explained the importance of corporate institutions involving themselves in helping to keep […] The post
In a landmark agreement at the 28th Conference of the Parties (COP28), nations worldwide committed to a decisive reduction in fossil fuel consumption – aiming to combat climate change. For Ghana, a nation endowed with diverse natural resources and a chronically challenged economy, the implications of this deal are multifaceted; carrying both challenges and opportunities […] The post
Data loss can have serious consequences for any business. It is one of the most common causes of business disruption or failure. To control the effects of data loss means that a business must have a robust data backup and recovery plan in place. What then is data backup and data recovery? This article discusses […] The post Underpinnings of Data Backup and Data Recovery
The Minister of Lands and Natural Resources, Samuel Abu Jinapor, has once again defended the controversial Ghana-Barari Lithium deal, assuring Ghanaians that the government meticulously considered all options before choosing the current path. Speaking on Point of View on Citi TV, Mr Jinapor emphasized that the chosen option addresses concerns about green minerals while remaining […] The post Lithium
Development Bank Ghana (DBG) has pledged financial support for the Breast Cancer Unit of Korle-Bu Teaching Hospital (KBTH) over the next five years. Presenting an amount of GH¢100,000 to the Breast Cancer Unit in Accra, Chief Executive Officer-DBG, Kwamina Duker, explained that the decision to support KBTH is to help address certain needs of the facility over […] The post DBG
The Member of Parliament for Wa Central, Dr. Rashid Pelpuo, has endorsed calls for due diligence supported by legislation to regulate Ghana’s lithium deal with Barari DV Ghana Ltd, a subsidiary of Atlantic Lithium Limited. In an interview with Selorm Adonoo on The Big Issue on Citi TV, the NDC MP criticized the government’s defense […] The post Parliament
Ecobank Ghana and partner organisations implementing the Zero Malaria Business Leadership Initiative (ZMBLI) have called on the private sector to join forces in contributing toward efforts to eradicate malaria. The ZMBLI, which was launched in June 2023, received a seed capital of US$120,000 from Ecobank; but considering the huge financing gap between resources required and […] The post
GTBank has handed over a refurbished computer lab to the Department of Computer Science at the University of Ghana (UG). The facility is replete with computers, Internet access and a projector – all in a bid to augment efforts of the department and also make needed resources accessible to lecturers and students. “We build ICT […] The post GTBank hands
Advans Ghana Savings and Loans Ltd., a multiple award-winning company and leading savings and loans firm, has risen from 85th place last year to 69th position at the Ghana Club 100 Awards’ 20th edition held in Accra. The Ghana Club 100 Awards, organised annually by Ghana Investment Promotion Centre (GIPC), celebrate the exemplary achievements of […] The post Advans
GCB Bank PLC has reinvented digital banking in the country with the relaunch of its revamped digital banking platform. The enhanced mobile banking app dubbed ‘Recoded’, the bank said, has been painstakingly developed to provide convenience to customers while ensuring the safety of investments. The new platform comes with unique features compared to any other […] The post GCB
The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, believes the government made a reckless decision by terminating a power purchase agreement with the Ghana Power Generation Company (GPGC), leading to Ghana being slapped with a $170 million judgment debt. The GPGC agreement was canceled by the Akufo-Addo government, following recommendations by a committee […] The post Ablakwa
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