Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
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
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
Georgian Prime Minister Irakli Garibashvili resigned on Monday saying he would become chairman of the ruling party going into parliamentary elections in October. The conservative-leaning Garibashvili, 41, had been prime minister since February 2021. His announcement came a month after the political comeback of his close ally the powerful oligarch Bidzina Ivanishvili. “Today, I am leaving […] The post Georgia
Employees from a Ukrainian arms firm conspired with defence ministry officials to embezzle almost $40 million (€37 million) earmarked to buy 100,000 mortar shells for the war against Russia, Ukraine’s security service reported. The SSU said in a statement that five people have been charged, with one person detained while trying to cross the Ukrainian border. If […] The post Ukraine
The former Philippine president Rodrigo Duterte accused his successor, Ferdinand Marcos Jr, of being a drug addict who risked being ousted from office in an expletive-laden tirade that underlined the breakdown in relations between the two powerful political families. Duterte’s speech on Sunday, in which he claimed Marcos Jr’s allies were trying to remove constitutional term limits […] The post Former
A UK vessel shot down a Houthi drone in the Red Sea, the United Kingdom’s Ministry of Defence has said, as tensions in the Middle East soar amid the ongoing war in Gaza. “Yesterday HMS Diamond successfully repelled a drone attack from the Iranian-backed Houthis in the Red Sea,” read a statement from the ministry […] The post UK thwart Houthis’ drone attack in the Red Sea appeared first
Kwamina Asomaning delivering the keynote address at the graduation ceremony Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, has called on young graduates to embrace the journey of discovery Read More... The post Embrace Journey Of Discovery
Dr. Ernest Addison The Monetary Policy Committee (MPC), of the Bank of Ghana has dropped its lending rate from 30% to 29% following a decline in inflation. The Governor Read More... The post Policy Rate Drops To 29% appeared first on DailyGuide N
Fidelity Bank Ghana, the country’s largest privately-owned bank, concluded the festive season with a display of generosity through its Employee Volunteering Program (EVP). Under this program, over 300 staff members engaged in impactful nationwide Corporate Social Responsibility (CSR) initiatives, combining time, financial resources, and personal involvement to uplift the lives of the less fortunate. In […] The post Fidelity
OmniBSIC Bank, the fastest-growing Bank in Ghana and Bank of the Year, 2023 has relocated its Anloga Branch in Kumasi to the City Style Building on Stadium Road Amakom, Kumasi as part of the Bank’s ongoing brand enhancement effort. The relocation of the branch is aimed at providing an improved banking experience, easy accessibility, ample […] The post OmniBSIC
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
Dr. Ernest Addison – Governor of Bank of Ghana The Bank of Ghana (BoG) has announced a significant reduction in its Monetary Policy Rate, also known as the base Read More... The post BoG Lowers Base Rate To 29% To Stimulate Economic Growth
Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, has called on young graduates to embrace the journey of discovery as they begin their lives out of school. Mr. Asomaning said this at the graduating class of 2022/2023 of the College of Humanities, University of Ghana. The Stanbic Bank Chief Executive shared insights from his personal […] The post Stanbic
The Economic Community of West African States (ECOWAS) has responded to the withdrawal of three member states – Niger, Mali and Burkina Faso from the Commission. A joint statement from the military rulers of these member states on Sunday, January 28 said, “after 49 years of existence, the valiant people of Burkina, Mali and Niger […] The post We are yet
Military rulers of Niger, Mali and Burkina Faso have announced their withdrawal from the ECOWAS bloc. A joint statement from the military rulers issued on Sunday, January 28 said, “after 49 years of existence, the valiant people of Burkina, Mali and Niger note with much regret, bitterness and great disappointment that their Organization has moved […] The post Military
Iranian dissidents living inside the Islamic republic and in exile Thursday went on hunger strike to protest the surge of hangings in Iran that included most recently a participant in the 2022 protest movement who activists say had mental health difficulties. Led by jailed 2023 Nobel Peace Prize winner Narges Mohammadi, those going on the […] The post Iranian dissidents on hunger strike
Riot police fired tear gas, flash grenades and used batons to disperse demonstrators in Russia’s Bashkortostan region after a local activist was sentenced on Wednesday to four years in prison. Videos showed supporters of Fail Alsynov clashing with police near the court where he had been convicted of inciting ethnic hatred, according to Russian state media outlet […] The post Russian
Some officials of Absa Bank Ghana displaying the awards ABSA BANK Ghana has been recognised for its outstanding support to the agricultural sector by the Ghana Incentive-Based Risk-Sharing System Read More... The post Absa Bank Grabs 4 Agri-Financing Awards appeared first
Japan was successful in making an unusually precise moon landing just metres from its target, its space agency has announced. The country on Saturday became the fifth to put a spacecraft on the moon when its so-called “Moon Sniper” lander touched down on the lunar surface. On Thursday, the Japan Aerospace Exploration Agency [JAXA] said it had […] The post Japan’s ‘Moon Sniper’
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