Wednesday, October 27, 2021
The Global Competitiveness Index 2017-2018 report by the World Economic Forum indicates that access to finance difficulties, high taxes, and corruption are the three-leading challenges confronting the private sector in Ghana. The data, which ranks on a scale of 0-20, assesses the 16 most problematic factors confronting businesses in all...
The central bank has begun stakeholder engagements toward establishing an apex body for the problematic microfinance sector, in the likeness of the ARB Apex Bank which regulates rural and community banks. In the wake of the DKM and other scandals, some players in the sector have been telling the B&FT...
Mr. Jai Mirchandani, Chief Executive Officer of Avnash Industries Ghana Limited - the country’s most formidable agro-industrial processing company, has said it is ready to invest over US$100million into government’s One District, One Factory (1D, 1F) policy to ensure its success. “We are investing over US$100million from next year. I...
The first tranche of GH¢6 billion of the GH¢10 billion energy bond, which saw bids open yesterday, is expected to deepen the local corporate bond market. With a total of GH¢36.64billion corporate and government bonds and notes listed on the Ghana Stock Exchange (GSE), only GH¢570.55million - representing 1.56 percent...
NPL ratio to reduce Interest rates to drop Private sector to be biggest beneficiary  The government’s roadshow to raise a bond to clear the much talked about energy sector debt, which is in excess of US$2.5billion, has excited bankers. The roadshow for the long-awaited bond issuance saw some...
The Kumawuman Rural Bank Limited at Kumawu in the Sekyere Afram Plains district of Ashanti Region is set to rollout hybrid Automated Teller Machine (ATM) services at some of its branches. This is in fulfillment of government’s rural branchless banking project, and the bank has completed all documentations and signed...
GTBank Ghana, the Digital Bank of the Year, has swept five prestigious awards at the recently concluded CPI Financial’s Banker Africa–West Africa Banking Awards. The awards came after an intensive voting exercise involving more than 13,000 votes across the banking industry in the West African region. This year’s awards saw...
First National Bank, a division of FirstRand group, (which is the largest financial institution in Africa by market capitalisation) has been adjudged The Most Innovative African Bank at the 2017 African FinTech Awards for the second year in a row. The African FinTech Awards recognizes innovative and disruptive financial technology...
HFC Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has signed a Memorandum of Understanding with the University of Ghana to provide support in the beautification and soft landscaping of the Recreational Quadrangle and J.B. Danquah Avenue of the university. Giving a brief background to the partnership, Dr. Benjamin...
Parliament is expected to task the regulatory bodies in the financial sector – Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) – to not hesitate in dealing with recalcitrant players to maintain sanity and trust in the industry. A source close to the Finance Committee of Parliament...
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