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
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
The Executive Director of Ghana’s Environmental Protection Agency (EPA), Dr. Henry Kwabena Kokofu, has disclosed that plans are far advanced to turn the Agency into an Authority. He was speaking during the UK-Ghana Chamber of Commerce’s (UKGCC) webinar on ‘Navigating Environmental Regulations: Ensuring Compliance with EPA Guidelines in Ghana’. “The Environmental Protection Law is being amended to change the EPA […] The post
The Ministry of Lands and Natural Resources has stated that it has commenced a probe into the clash between some residents of Manso Tontokrom and security personnel of Asanko Gold Mine Limited, in collaboration with the appropriate security authorities. An altercation between residents of Manso Tontokrom and Asanko Gold Mine security personnel on Saturday, March […] The post Perpetrators
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
Archbishop Charles Agyinasare, the Founder and Senior Pastor of Perez Chapel International, has called upon believers to pray for peace in the Middle East amidst the ongoing conflict between Israel and the Gaza Strip. During a sermon delivered on Sunday, February 25th, he emphasized the need for people of all backgrounds to be concerned about […] The post Israel-Gaza
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
In a period of unprecedented technological advancement, harnessing the power of technology and digitalisation presents a promising solution to one of the most pressing challenges facing economies worldwide: unemployment. Ghana, like many other nations, grapples with the scourge of joblessness, but amidst the gloom, there shines a beacon of hope – the rapidly growing FinTech […] 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
Dr. Ernest Addison, Governor of the Bank of Ghana has emphasized the pivotal role of digital technologies in shaping Africa’s future. Speaking passionately about the urgency of embracing digitization in trade and finance, Dr. Addison at the launch of the 3i Africa Summit highlighted Africa’s strengths, including a tech-savvy youth population, extensive mobile penetration, expanding […] The post
By Buertey Francis BORYOR Business leaders have been reminded of the need to incorporate environmental, social and governance (ESG) principles into their operations and business strategies to enable the world to meet the Sustainable Development Goals (SDGs) target by 2030. The United Nations Global Compact Network Ghana’s Board Chairman, Sulemanu Koney, who made the appeal […] The post
– initiate and drive an internal framework supportive of customer thinking I know a utility that is constantly reneging on its services to clients in my locality, making life extremely difficult as the service disruption can last weeks. I have stopped calling the big man. Even though he was kind enough to share his contact […] The post Stepping
The Jospong Group of Companies (JCG) has entered into agreement with the Lagos State Government through the Ministry of Environment and Water Resources to build waste treatment plants in Lagos. The integrated waste treatment facility will help to transform the environmental situation of Africa’s most populous city. The landmark agreement was formalized with the signing […] The post
Over the years, the threat landscape has evolved into a dynamic and complex ecosystem as our world becomes increasingly interconnected. The threat landscape refers to the ever-evolving panorama of potential cyber threats and dangers with which individuals, organisations and governments are confront in the digital realm at any given time. As new cyber threats emerge, […] The post An
Ghana and Suriname have expressed a mutual interest in strengthening their trade relations. This intent was pronounced by the Ambassador Extraordinary and Plenipotentiary of the Republic of Suriname, Fidelia Graand-Galon, during a pivotal meeting with officials from the Ghana Shippers Authority (GSA) on February 22, 2024. The discussions were centered on pinpointing potential business ventures for both […] The post
By Bernard BEMPONG As a result of ever-evolving business environment, auditors now face new challenges in evaluating emerging risks and controls. This is also premised on the fact that the usual traditional auditing methodologies are unable to keep pace with new business models and processes being driven by new technologies. In that regard, auditing requires […] The post
By Buertey Francis BORYOR The Minister for Finance, Dr. Mohammed Amin Adam has reiterated the government’s commitment to the Eastern Region, particularly its first share of infrastructural development. “In this year’s budget we allocated about GH¢4 billion to the Ministry of Roads in order for us to be able to make payments to contractors so […] The post Gov’t
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
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