Second Deputy Governor of the Bank of Ghana (BoG), Elsie Addo Awadzi, has once again touted the scope and timing of the financial sector clean-up - stating that it has left the nation with more resilient financial institutions, without which the post-pandemic recovery would have proved nigh impossible.
While the...
African Export-Import Bank (Afreximbank), has been ranked as Africa’s #1 mandated lead arranger in sub-Saharan Africa, according to Bloomberg’s 2020 full-year “Capital Markets League Tables.”
This assessment of the Bank’s transactions recognizes the institution’s leadership role in mobilizing capital from both within and outside of the continent from a diverse...
The acting Commissioner-General of the Ghana Revenue Authority (GRA), Ammishaddai Owusu-Amoah, has charged the Customs division of GRA to automate more of their processes and develop unique technologies to help block gaps in their system and boost their collection figures.
He made this known in a speech read on his...
After five years of dedicated and growth-oriented service to Universal Merchant Bank (UMB), Mr. Benjamin Amenumey has completed his tenure as UMB’s CEO - making way for the appointment of Nana Dwemoh Benneh as the bank’s new Chief Executive Officer, following approval from the central bank.
In a statement issued...
Hits 74.4% of GDP
New data released by the Bank of Ghana has revealed that out of every GH¢1 value of productive activities undertaken in the country, more than 74 pesewas go into paying debt.
The Summary of Economic and Financial Data (January 2021) published by the Bank of Ghana...
The post- independence failure of development banks in Ghana in the 1980s and 1990s meant that they all but disappeared from the development agenda. However, there are still a large number of development banks worldwide in countries such as Brazil, India and Chile that operate with various degrees of...
As the Monetary Policy Committee (MPC) of the Bank of Ghana concludes discussions on a new policy rate this week to guide financial market activities over the next few months, the business community would crave for a cut in the rate so as to make lending cheaper, but the...
The economy will experience positive private sector participation in public infrastructure programmes, with projects in the energy and transport sectors being key areas for investors, a Fitch Solutions report has said.
The positive outlook for private investment opportunities for this year, Fitch explained, is underpinned by the country’s considerable public...
…real-time payment services post strongest performance
The Ghana Interbank Payment and Settlement Systems (GhIPSS), the central bank’s subsidiary tasked with promoting a cash-lite economy, experienced a significant upshot in its operation for 2020 due to the strong performance shown by its real time payments services.
According to data from GhIPSS,...
To help stem the tide of COVID-19, Dalex Finance has donated an amount of GH¢20,000 to support the 1 Million Face Masks project.
The 1 Million Face Masks project is an initiative by Fashion Connect Africa (FCA). FCA is a Ghanaian-based garment production factory that seeks to help curb the...
