Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that banking is a profitable business in Ghana. This explains the reasons why more investors want to move into the sector and inject their capital there, he said. Dr Addison said this while answering a question as to whether or not investors have […] The post Banking is a profitable business in Ghana – Governor Addison
Minister of Finance, Dr. Mohammed Amin Adam, has disclosed that Ghana’s agriculture sector expanded by 4.5 percent for the year 2023. The minister in the ‘2024 1st Monthly Press Briefing on the Economy’ added that the livestock, crops, and fishing subsectors also expanded by 6.5, 4.8, and 4.1 percent respectively. “Agriculture sector which expanded by […] The post Ghana’s
The Ministry of Finance has emphasized the progress of the cedi since 2023, asserting that the currency has exhibited stability against major currencies. Finance Minister Dr. Mohammed Amin Adam highlighted this achievement during the Ministry’s Monthly briefing in Accra on Tuesday, March 26, 2024. Dr. Adam pointed out that from February to December 2023, the […] The post Cedi
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
As part of this year’s International Women’s Day celebrations, Stanbic Bank Ghana hosted a webinar focused on fostering a culture of inclusion in business operations. This initiative underscores the bank’s ongoing commitment to empowering women across the country.. Leading the discussion, the Head of Client Coverage at Stanbic Investment Management Services (SIMS), Desmond Bredu, highlighted […] The post
Societe Generale Ghana has launched a new promo dubbed ‘Ya Te So Biom’ Loans Promo. The offer, open to all Societe Generale customers and non-customers on the Controller and Accountant General’s Department (CAGD) payroll, provides loans at competitively low annual interest rates. Societe Generale Ghana in 2023 launched the very successful Yateso Loan promo which […] The post Societe
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
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