Definition of Credit Bureau Agencies
Credit bureau agencies are specialised organisations that gather, maintain, and share credit information about individuals and businesses. They play a vital role in the financial ecosystem by giving lenders insights into a borrower’s credit history, outstanding debts, payment behaviour, and overall creditworthiness. These agencies thus...
posts GH¢32.8m after tax
Despite facing economic challenges in the year under review, Zeepay - a prominent player in cross-border payments operating as an innovative mobile money firm - grew its pre-tax profit to GH¢43.9million at the close of 2022, its annual report for the period has shown.
Following a...
Consumer inflation rose to 42.50 percent in June 2023 from 42.2 percent the previous month, in line with expectations.
The rise, Ghana Statistical Service (GSS) said, is attributed to renewed price risks stemming from the implementation of revenue and utility tariff measures in May of this year.
It was driven primarily...
The Internet has undeniably changed how we live, work, and communicate. Since its inception, it has played a pivotal role in transforming lives and societies across the globe. From revolutionising access to information to connecting people worldwide, the Internet has broken down barriers and created once unimaginable opportunities. Its...
Consumer inflation has further declined to 52.8 percent in February 2023 from 53.6 percent the previous month, easing price pressures since January 2023.
Inflation peaked around 54.1 percent in December, 2022, accelerating for 19 consecutive months, according to data from the Ghana Statistical Service (GSS). The February 2023 inflation declined...
Consumer inflation declined to 53.6 percent in January, marking the first time in the last 19 months that a fall in the year-on-year inflation rate has been recorded.
The inflation rate had accelerated for 19 consecutive months, ending at 54.1 percent year on year in December 2022 according to data...
Data from Ghana Statistical Services (GSS) show there has been a substantial drop in Producer Price Inflation (PPI) - from 78.1 percent in November 2022 to 52.2 percent in December 2022.
This represents a 25.9 percentage point decrease in producer inflation relative to the rate recorded in the previous month....
As the largest contributor to Ghana's Gross Domestic Product (GDP), accounting for over 50% of GDP, agriculture is essential for the country's overall economic development. In addition, it generates roughly 60% of export revenue. It economically supports 80% of the people, whether directly or indirectly, through farming, the sale...
According to Britannica (2022), industrialization in history refers to the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. These technological changes introduced novel ways of working and living and fundamentally transformed society.
This process started in 18th-century Britain. From there, in...
Review anti-business taxes
The 2023 budget and economic policy must prioritise economic stability and recovery, with local solutions at the centre, says the Ghana National Chamber of Commerce and Industry GNCCI and the Association of Ghana Industries (AGI).
While calling for a review of what they described as not-too-business-friendly taxes...
