Consolidated Bank Ghana (CBG), in the quest to make significant strides towards extending its reach and providing accessible banking services to Ghanaians, has opened five new branches in Hohoe, Nkawkaw, Berekum, Navrongo, and Winneba, strategically positioning itself to cater to the banking needs of these vibrant towns and surrounding communities. The...
...dismisses speculation about profit motives By Joshua Worlasi AMLANU The Bank of Ghana has once again underscored its unwavering commitment to achieving price and financial stability, dismissing suggestions that it would deliberately keep interest rates elevated to generate profits. The central bank's stance comes amid elevated inflationary pressures and a delicate balancing...
At the recently concluded 3i Africa Summit, Nora Bannerman-Abbott, a board member of the Development Bank Ghana (DBG), passionately advocated for increased access to long-term financing and robust public-private partnerships as crucial drivers of economic transformation and job creation. Ms. Bannerman-Abbott in an interview highlighted the DBG's strategic focus on...
By Joshua Worlasi AMLANU The country has successfully executed its first cross-border trade transaction using digital credentials, the eCedi central bank digital currency (CBDC), and a Singaporean stablecoin. The landmark pilot was part of Project DESFT (Digital Economy Semi-Fungible Token), a collaborative initiative between the Bank of Ghana (BOG) and...
....ahead of 2024 elections – study By Ebenezer Chike Adjei NJOKU A recent survey conducted by the Data Insight Group | JOB Group Limited and Chartered Media Consult has revealed a significant shift in voter priorities leading up to the December 2024 General Elections. The study, which polled voter sentiments and preferences...
Producer price inflation rate accelerated to 16.8 percent year-over-year in April 2024, according to the latest data from the Ghana Statistical Service. This marked a notable 1.5 percentage point increase from the 15.3 percent recorded in March 2024. On a month-over-month basis, it rose 4.1 percent between March and April. The...
By Emmanuel AKOMEA Société Générale Ghana, in partnership with Melcom, has inaugurated a 1,262KWP Grid-Tie Rooftop Solar PV system at Melcom's Spintex Branch. With funding exceeding GH¢13million from Société Générale Ghana, the project underscores the bank’s strong commitment to sustainable finance and renewable energy. The installation of the solar power system is...
In a panel discussion on infrastructure development in Africa, at the launch of the 2025 Africa Prosperity Dialogue, Mrs. Abiola Bawuah, the Executive Director and CEO of UBA Africa, emphasized the availability of funding to support the expansion of infrastructure across the continent. Mrs. Bawuah highlighted the presence of regional,...
By Juliet ETEFE Chief Executive Officer of Mobile Money Limited Ghana, Shaibu Haruna has underscored the importance of fostering deeper relationship and trust between banks, fintechs, and mobile money providers to fuel economic growth and financial innovation. Contrary to popular perception, he highlighted the longstanding collaboration between banks, fintechs, and mobile...
First Bank Ghana has picked up three awards (3) at the 2023 Global Brands Magazine Awards held at the Athenee Hotel in Bangkok Thailand last week. The Bank also picked up five awards at the Ghana Finance Focus Awards that held last month at the La Palm Royal Beach...