The African Guarantee Fund (AGF) and United Bank for Africa (UBA), on Monday, signed a partnership that ensures that UBA provides US$100million in new loans to small and medium enterprises (SME) and businessowners across the 20 African countries where the bank has presence in Africa. The AGF, under this agreement, will support and guarantee SMEs with US$50million Portfolio […] The post
By Cina Lawson and Rory Stewart For decades, the international community has grappled with the challenge of ending extreme poverty, which is the leading Sustainable Development Goal for 2030. Despite some progress, we remain far off track, with an estimated 700 million people still struggling to survive on less than $2.15 per day. Unlike in […] The post A
A new report to guide the formation and implementation of the proposed UK-Africa Innovation Trust Corridor (ITC) to facilitate the transparent, secure and demonstrable exchange of research and innovation outputs between the United Kingdom and its African Commonwealth nations has been launched in Accra. The report, titled ‘Research-Based Evidence to Support the Formation of the […] The post
Haruna Iddrisu, the immediate past Minority Leader in Parliament, has accused the Speaker of Parliament, Alban Bagbin, of breaching the constitution regarding the re-composition of the Parliamentary Service Board. According to the Tamale South MP, Bagbin failed to comply with Article 124 of the 1992 Constitution, which mandates the formation of a committee to advise […] The post Haruna
President Akufo-Addo Ghana is likely to lose US$3.8 billion in World Bank financing over the next five to six years if the Human Sexual Rights and Family Values Bill Read More... The post Anti-Gay Bill… Ghana To Lose $3.8bn World Bank Funds appeared
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 Akufo-Addo-Bawumia-led New Patriotic Party (NPP) government has announced the setting up of a FinTech Innovation Fund (FIF) to support FinTech start-ups in a move to drive the country’s Read More... The post Govt To Set Up FinTech Fund appeared first on DailyGuide
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […] The post Gold
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […] The post Public
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
Zenith Bank has reaffirmed its commitment to the real economy, as evidenced by a slew of measures geared toward empowering Micro, Small and Medium Enterprises (MSMEs) in the country, a move which it describes as ‘true banking’. This renewed dedication was announced by its Managing Director and Chief Executive Officer, Henry Onwuzurigbo, and comes on […] The post Zenith
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The latest Ghana Petroleum Holding Fund (PHF) semi-annual report, released by the Bank of Ghana, shows that the country received over $521 million into its Petroleum Holding Fund (PHF) for the second half of 2023. However, this amount represents a decrease compared to the US$696.82 million petroleum receipts recorded during the same period in 2022. […] The post Ghana’s
A delegation from the Global Community Engagement and Resilience Fund (GCERF), led by the Board Chairman Mr. Stefano Manservisi, visited Ghana to discuss collaborative efforts in countering violent extremism. During the visit, the team paid a courtesy call on the President of the Republic, HE Nana Addo Dankwa Akufo Addo, the Minister for National Security, […] The post GCERF
In a strategic move to enhance economic ties between East and West Africa, Kenya is extending a warm welcome to Ghanaian tourists – aiming to boost inter-Africa trade. The Kenyan government, recognising the potential for collaboration, commenced the implementation initiatives to showcase the country’s diverse attractions and foster a deeper cultural exchange. Against this backdrop, […] The post
Sentinel Commercial Real Estate Investment Trust acquires One Airport Square The Sentinel Commercial Real Estate Investment Trust (the Sentinel REIT), the first Real Estate Investment Trust (REIT) licensed under the current Securities and Exchange Commission (SEC) REIT Guidelines has acquired One Airport Square (OAS), the iconic Grade A building in the prime area of Accra’s […] The post Sentinel
Ghana is set to import 2,500 tonnes of cocoa beans from Côte d’Ivoire and 1,000 tonnes from Nigeria. Delivery is expected to be done through the Tema Port. This was contained in a letter signed by the Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, sighted by citinewsroom.com, and addressed to […] The post Ghana
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
Ghana’s MIIF has stepped up efforts to attract North American partners into the Ghanaian mining space. MIIF, the sovereign minerals fund of Ghana, was created by law to manage the equity interests of the Government of Ghana in mining companies and collect and manage mining royalties due the state for purposes of investment. M 11F […] The post MIIF
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