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...
When it comes to choosing the right mutual funds in Ghana, it's important to understand the different investment strategies and types of securities available. Mutual funds typically invest in cash, stocks, and bonds, but there are many subcategories within each asset class. For example, a stock fund may target a...
Fidelity Bank has made five more lucky customers of the bank 10x richer in the third draw of the Fidelity 10x Richer Promo held at Takoradi in the Western Region bringing the total number of winners so far to 15 customers. The five lucky customers are Esther Okuto of the...
President and Board Chairman of Afreximbank, Prof. Benedict Oramah, has given assurance that SMEs - especially those owned by young persons - will be given the necessary support to participate in the next edition of the Intra African Trade Fair (IATF 2023). Speaking at the launch of the trade fair’s...
The Ghana Bankers Association has donated 72 hand-washing materials to the Korle Bu Teaching Hospital as part of efforts to fight the deadly coronavirus pandemic at the country’s premier health facility. The items include what has been termed Veronica buckets, metal stands, and washing sinks which can be directly...
Is deficit financing back? BOG 2020 budget deficit support at 53%? It seems the Bank of Ghana (BOG) May 2020 Monetary Policy Committee (MPC) Report cites the US Fed and US Treasury to prepare our minds for a significant shift its past conservative fiscal stance to an aggressive one....
Researchers at Standard Bank, parent company of Stanbic Bank Ghana, have forecast a GDP growth of 4.3% for Ghana by year-end. This comes after Q2 GDP underwhelmed expectations, coming in at 3.9%. This is contained in the September 2021 edition of the African Markets Revealed (AMR) report. “As base effects...
The Bank of Ghana (BoG) has inaugurated an advanced command centre, the latest in its cybersecurity infrastructure, established to ensure the delivery of a safer digital financial industry. Dubbed the ‘Financial Industry Command Security Operations Centre (FICSOC)’, the move comes in the face of increased cybersecurity risks in the country...
Responding to calls to help alleviate dire situations in various communities across the country, Access Bank Ghana has stepped up its COVID-19 support efforts by earmarking GH¢300,000 for food, sanitary and personal protective equipment (PPEs) to over fifteen municipalities across the country. The beneficiary municipalities selected for this intervention and...
Data Localization laws, regulations and policies are spreading rapidly around the world. Data localisation refers to the requirement that data about citizens/residents and/or transactions within the economy shall be collected, processed, or stored within the boundaries of a particular “jurisdiction”, such as a country or a regional economic community...