… but other revenue streams keep dwindling
After being badly hit by the pandemic due to lockdown measures and restrictions on trade, new data show taxes generated from trade with other countries have rebounded strongly, a feat the Bank of Ghana has attributed to the effective revenue collection method implemented...
Quartey urges gov’t to invest in productive sectors
A B&FT analysis on the country’s fiscal situation has revealed that the economy is severely cash-strapped, as data show government’s payment obligations are more than 200 percent of the revenue that comes in - leaving no option other than resorting to...
To achieve a successful vaccination campaign and deployment, government cannot work alone and therefore requires the active participation of the private sector, Philip Owiredu, Managing Director of CalBank has said.
“Looking at the limited resources we have as a nation; I do not think we should expect the vaccination programme...
A new report by the Institute of Customer Service Professionals (ICSP), titled ‘The State of Customer Service in Ghana’, has disclosed that measures outlined by the Bank of Ghana (BoG) in 2020 to curb cyber fraud in the financial sector has boosted the confidence of customers.
The report, which was...
CalBank and Saham Insurance have unveilled a partnership that will see the bank provide its customers with innovative general insurance products and services underwritten by the insurance giant.
The partnership, which was unveilled yesterday at the bank’s head office in Accra and witnessed in the presence of Dr. Justice Yaw...
The Securities and Exchange Commission(SEC) has warned the public not to do any business with Wiseling Online Investment Company, a Finnish-based company operating in Ghana
According to the SEC, it has not licensed the company to carry out any Capital Market activity including investing or trading for returns as mandated...
The Central Bank of The Gambia has formally approved the rebranding of First International Bank (Gambia) Limited to Vista Bank (Gambia) Limited; with a formal launch of the new Brand to be announced in due course, Vista Group has announced.
According to the Chairman of Vista Group Simon Tiemtore, the...
In our world today, and particularly in recent times, we are constantly reminded of the basic economic problem – scarcity of resources. The problem stems, not from the absence of resources but from its uneven distribution. As such, the role of financial intermediation, which attempts to equilibrate the demand...
First National Bank Ghana has declared 2021 as the ‘Year of Home Ownership’(YOHO2021) to help make home ownership a reality for many Ghanaians.
Announcing the initiative in Accra, the bank described this as a catalyst in driving greater interest in property ownership using home loans (mortgages). It will be used...
The Bank of Ghana (BoG) has issued guidelines to digitise the operations of crowdfunding schemes - locally known as ‘susu’ collection, ‘nnoboa’ or ‘ntoboa’ - as part of strategies for transforming the traditional model to meet the needs of modern society and provide adequate security for contributors.
The move, according...