Monday, April 19, 2021
… total assets also rise 21% Ecobank has recorded profit after tax of GH¢543.8 million for the year ended December 31, 2020. This represents a 23% growth when compared to the GH¢441.9 million recorded in the corresponding accounting period of 2019. The bank also saw its profit before tax amounted to...
Addressing revenue shortfalls To address the perennial challenge of revenue shortfall, it will be necessary for government to replicate modern technologies such as the Electronic Metering Management System (EMMS) solution across all sectors of the economy to plug revenue leakages as has been done in the petroleum sector, Managing...
… on-site testing scheduled for May All is set for Ghana to be removed from the European Union’s (EUs) list of countries with high levels of deficiencies in their Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) regimes, Head, Financial Stability at the Bank of Ghana (BoG), Dr. Joseph France,...
First National Bank Ghana, the nation’s leading mortgage provider, has signed Memoranda of Understanding (MOUs) with Real Estate Developers to collaborate on the provision of homes to Ghanaians as part of the bank’s ‘Year of Home Ownership’ (YOHO) initiative. Under the ‘YOHO 2021’ initiative the bank is helping as many...
The Chief Executive Officer of Ghana Association of Bankers (GAB) John Awuah has urged banks to properly coordinate and collaborate to tackle the issue of financial illiteracy to help cure the low level of understanding of finance in the economy. He said, coordinating efforts to be able to bring along...
Standard Bank, parent company of Stanbic Bank Ghana, has said the country may have to wait till 2024 to return to its deficit threshold of 5%. In its March 2021 Flash Note of the African Markets Revealed (AMR) report, Standard Bank reported that this is not an isolated case...
… forms part of measures to boost investor confidence post sector clean-up      Regulator for fund management firms in the country, the Securities and Exchange Commission (SEC), has said that as part of mandate to regulate and develop capital market operations as well as ensure the protection of investors, it...
DreamOval Limited, an African fintech company, recently obtained its enhanced Payment Services Provider (PSP) licence from the central bank of Ghana. The Payment Services Act 2019 requires all fintechs to be licenced by the Bank of Ghana before they can operate in the country. The Enhanced Payment Services Provider Licence...
In recent months, there has been the resurgence of the publicly reviled idea of mobile money taxation. Proponents of the tax believe that Telco’s are making such astronomical profit that its almost sinful and morally wrong for the state not to partake of this profit. Opponents of the tax are...
“Green is a process, not a status. We need to think of ‘green’ as a verb, not an adjective.” ------Daniel Goleman, PhD., Science Journalist & Author Origins Policy makers, in the last decade, have put a lot of effort into enhancing green financing with the main purpose of achieving economic growth...
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