A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
The Parliamentary Candidate for Akuapem North Constituency on the ticket of the ruling New Patriotic Party (NPP) in the Eastern Region, Sammi Awuku has appealed to members of the Read More... The post Let’s Make Bawumia President In 2025-
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
Banks in Ghana have apologised to their customers and all stakeholders for the dusyrption in internet banking service following the cuts in internet service. A statement signed by the Association’s Chief Executive, John Awuah, the internet breakdown has affected service delivery, particularly online banking and services delivered through digital channels. “Information we have received from […] The post Internet
Sammi Awuku Director-General of the National Lottery Authority (NLA), Sammi Awuku, has been elected the Vice President at the African Lotteries Association (ALA) General Meeting in Casablanca, Morocco. His Read More... The post NLA Boss Elected ALA Vice President appeared first
Sammi Awuku with European Lotteries officials The Director-General of the National Lottery Authority (NLA), Mr. Sammi Awuku, has called on the European Lotteries (EL) to support the NLA in Read More... The post Sammi Awuku Declares War On Illegal Lotto appeared first
Nana Yim Awere Ababio, the Chief of Toase in the Atwima Nwabiagya South Municipality, has been elected as the Presiding Member for the Assembly at the fifth inaugural and elections of the Metropolitan, Municipal and District Assembly members (MMDAs) on Monday. The Toasehene, a government appointee to the Assembly, doubles as Director of Finance at the […] The post Toasehene elected
The National Identification Authority (NIA) has confirmed that approximately 191 financial institutions, encompassing Universal Banks, Rural Banks, and Savings and Loan companies, now have access to its data. In an interview on the Citi Breakfast Show on Friday, February 2, Prof. Kenneth Attafuah, the Executive Secretary of the NIA, disclosed that these institutions have seamlessly […] The post About
A 27 year old mason, Victor Amidon, has been charged for allegedly robbing a plumber off one Tecno Spark 7 phone valued at GH¢750.00 and cash sum of GH¢2,400.00 using gun and cutlass. He has pleaded not guilty to two counts of robbery, when presented before the Accra Circuit Court, presided over by Mr Samuel […] The post 27-year old mason in court over alleged robbery appeared first on
Founder of the New Force Movement and Ghanaian Entrepreneur Nana Kwame Bediako, popularly known as Cheddar or Freedom Jacob Caesar, has disclosed his rejection to secure loans from some financial institutions in the country. He decried several Ghanaian banks that turned down his request to grant him loans to facilitate his projects and his array […] The post Ghanaian
Joe Ghartey, Osei Kyei Mensah-Bonsu Deputy Whip of the Minority in Parliament, Ahmed Ibrahim, has stated that the 9th Parliament will suffer from the exit of experienced members known as Read More... The post Losing ‘Old Hands’ Will Affect Parliament
Over the last 15 years, one of the major developments that has revolutionized and disrupted the entire financial sector in Ghana is the emergence of Mobile Money Services (MoMo). Though MTN launched its Mobile Financial Services (MFS) in 2009, many Ghanaians were yet to warm up to it as a safe mode of payment in […] The post Navigating
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