Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that Nigeria is currently saddled with a crisis related to the challenges posed by its currency, the Naira. He said this is similar to what Ghana went through in 2022 when inflation kept rising, coupled with the rapid depreciation of the Cedi. Reuters […] The post Naira woes: Nigeria going through
In a landmark visit highlighting its commitment to knowledge sharing and industry collaboration, Fidelity Bank Ghana, the nation’s largest privately owned bank, welcomed a delegation of 35 students and faculty from Columbia Business School, a world-renowned institution for business education. The visit, held at Fidelity Bank’s head office at Ridge Towers in Accra, served as […] The post
Prudential Bank Ltd (PBL), a leading indigenous bank, has held its maiden women empowerment seminar on the theme “Empowering Women for Sustainable Business Growth”. The event, held in Accra, was targeted at the female employees of the bank in line with principle four of the Ghana Sustainable Banking Principles (GSBPS) of the Bank of Ghana, … The post Prudential Bank holds
The Volta River Authority (VRA) has told the Chief Executive Officer of the Independent Power Generators, Ghana (IPGG) Dr Elikplim Kwabla Apetorgbor to stop misleading the public regarding his comments that the VRA’s export activities are affecting the supply of energy to the Ghana market. The VRA indicated that Dr Kwabla Apetorgbor’s claim was erroneous […] The post Power
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
The newly constituted board of directors of the Tema Oil Refinery (TOR) can turn the country’s premier oil refinery into a profitable institution if allowed to stay focused on its Read More... The post ‘We’ll Turn TOR Into Profitable Enterprise’ appeared first on
The Minister of Finance, Dr. Mohammed Amin Adam, has highlighted the inadequacy of the country’s generated revenue to meet its infrastructural demands. He underscored the necessity for the government to resort to borrowing from the international capital market to supplement its efforts in addressing the country’s infrastructure needs. Expressing concern about the revenue raised from […] The post We
The Masloc team Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Hajia Abibata Shanni Mahama Zakariah, was named one of the continent’s top 50 most influential Read More... The post MASLOC CEO Honoured For Driving SMEs Devt appeared
Dr Ernest Addison, BoG Governor Ghana earned $2.8 billion from its major exports in the first two months of this year. A recent assessment of the country’s external sector Read More... The post Exports Rake In $2.8bn appeared first on DailyGuide
The NPA management with the team from Tanzania The National Petroleum Authority (NPA) has hosted a Tanzanian delegation on a working visit to the country’s downstream petroleum sector. The Read More... The post Tanzanian Energy Regulators Understudy NPA appeared
Banks’ performance has rebounded after the Domestic Debt Exchange Programme (DDEP), Governor of the Bank of Ghana, (BoG), Dr Ernest Addison has said. He indicated that the banks that were severely hit by the DDEP are relying on the Bank of Ghana-approved capital restoration policy. Dr Addison said these at the 117th Monetary Policy Committee […] The post Banks’ performances
The Chamber of Petroleum Consumers (COPEC) has expressed concerns about the recent increase in the number of the reconstituted Tema Oil Refinery Board. President Akufo-Addo, in a letter dated March 18 and under the hand of Nana Bediatuo Asante, Secretary to the president, announced the reconstitution of the board of the Tema Oil Refinery (TOR) […] The post Increased
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
Accra – 8 March 2023. Unilever Ghana’s skin cleansing brand, Geisha Soap, has reiterated its commitment to mothers and women, saluting the strength and resilience that these groups exhibit in their daily life. By adding the brand’s voice of support to women and female causes, Geisha Soap is continuing with its focus of being a […] The post Geisha Soap champions
The Energy Minister, Dr. Matthew Opoku Prempeh, has stated that the country is not facing ‘dumsor’ (erratic power supply), indicating that individuals calling for a load-shedding timetable should release it themselves. He said the current power situation is “300 times better” than what was experienced under former President John Mahama in 2015. “If you are […] The post Load-shedding
The Importers and Exporters Association of Ghana (IEAG) has voiced its disapproval of Vice President Dr. Mahamudu Bawumia’s remarks regarding the Ghana Revenue Authority’s (GRA) operations. During a meeting with the Ghana National Chamber of Commerce and Industry, the Vice President raised issues about the GRA staff’s conduct, accusing them of harassing customers under the […] The post We’ll
Unilever Ghana PLC has appointed Mr Chris Wulff-Caesar as its new Managing Director. Mr. Wulff-Caesar’s appointment takes effect from April 1, 2024, as he takes over from Mr George Owusu-Ansah, The new Managing Director is an accomplished International Business Executive with 24 years of FMCG experience gained across various countries and is returning to Unilever […] The post Chris
The latest assessment of Ghana’s external sector developments shows that the country earned $2.8 billion from its major exports in the first two months of 2024. On a year-on-year basis, however, the value of exports did not see any significant growth from the same $2.8 billion posted as of February the previous year. The figure […] The post Ghana’s
The Chief Executive Officer (CEO) of the Independent Power Generators, Ghana (IPGG), Dr. Elikplim Kwabla Apetorgbor, has appealed to the Ministry of Energy to reconsider its decision to reject their request to include them in the Cash Waterfall Mechanism Committee. The IPGG said that the earlier appeal to be included was rejected by the Ministry. […] The post Independent
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS