Hits more than GH¢1bn in value
Regular mobile money platform also records GH¢67bn in value The country’s largest cross-network payment platform - mobile money interoperability - has seen a record significant jump in transactional value in the very year the first case of the deadly coronavirus pandemic was recorded...
The Ghana Microfinance Institutions Network (GHAMFIN) with its development partner, German Spark Assenstiftung Ghana (SBFIC) have instituted a revolving Credit Fund (RCF) that will see to it GH¢1.4million is disbursed to Microfinance Institutions (MFIs) which have been affected by impacts of the COVID-19 pandemic to enable them continue operating...
Over the years, lots of brilliant students have struggled to finance their tertiary education in the country, with most of them, having to drop out sometimes in the middle of their studies. This has been because of economic hardships and the inability of parents to sometimes raise enough resources to...
The Chief Executive of Stanbic Bank, Kwamina Asomaning, has charged key stakeholders and all Ghanaians to support the Africa Continental Free Trade Area (AfCFTA) if they want to see the continent succeed. Mr. Asomaning said this at the first 2021 edition of the Graphic Business/Stanbic Bank Breakfast Meeting held...
The Ghana Revenue Authority (GRA) has projected total non-oil tax revenue (gross) for 2021 at GH¢57 billion, a report of 2021 budget estimate for the Authority by the Finance Committee of Parliament has stated. The figure is about GH¢12 billion from last year’s outturn of GH¢45 billion. The target, the...
It is only an unconventional means to finance gaps in budget Former finance minister, Seth Terkper, says there are not enough reasons for government to justify the second coming of Special Purpose Vehicle, Agyapa Royalties deal, reiterating that the method may be just another unconventional means of filling in...
Proffers four solutions to manage situation Given the rising cost of debt on the continent, there is the need for governments to adopt an all hands-on-deck approach which will explore all options such as the debt suspension programmes and other initiatives to tackle the situation, the 2021 Africa’s Pulse...
The Ghana Revenue Authority (GRA) has devised a strategy to translate the increased Tax Identification Numbers (TIN) into revenue in the short term, the Commissioner-General Ammishaddai Owusu-Amoah has told the B&FT. According to him, the GRA is well aware that the growth in TIN which has been achieved as a...
To bring sanity to the space and curb Mobile Money (MoMo) fraud activities which are on the rise, MTN Ghana PLC, has introduced the use of ID card verification procedure for all cash withdrawal transactions from April 1, 2021. According to MTN Ghana, this new arrangement does not permit proxy...
Earlier this week, leading financial technology (FinTech) provider, Zeepay, has officially opened its state-of-the-art campus in the Cantonments enclave in Accra, signifying a major step in its expansion drive and infrastructure investment. The move represents another first for the FinTech, after becoming the first indigenous player to be licensed as...