As people shop for the Christmas festivities, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), Archie Hesse, is encouraging them to use the GhQR and other electronic payment channels. He explained that opting for GhQR will make shopping more convenient and safer.
Shopping normally picks up during...
There is a need for the country to amend its anti-money laundering laws and comply with the Financial Action Task Force (FATF) recommendations in order to attract needed foreign direct investments, a report by the Finance Committee of Parliament has stated.
According to the report, which was presented by the...
“We need banking but we don`t need banks anymore. Do you think someday we can open bank account or ask for loan without physically having to come to the bank?”
------Bill Gates
The novel corona virus (COVID-19) has seen banks accelerate their digital transformation plans, condensing them from 5yrs strategic plans...
A review of Q3`2020 financial performance
Any strong economy is reflective of its robust financial system so when macroeconomic indicators point to a positive direction, it is largely fueled by players in the financial sector. Financial Analysts and researchers were equally concerned about how the COVID-19 pandemic could derail the...
Policy interventions should be directed at attracting more private capital flows, especially FDI, in markets with less developed financial markets and weak institutions to drive financial inclusion, according to Prof Joshua Yindinaba Abor delivering a virtual lecture on the topic ‘Private Capital Flows and Inclusive Finance: The Moderating Roles...
Economists are divided in opinion on how the current uncertain political environment will impact economic activities in the country, with one saying there may be no serious consequences considering the Supreme Court’s resolve to address the matter promptly; and the other maintaining it can have a negative impact on...
The Bank of Ghana is preparing directives to regulate unclaimed balances and provide consumer protection requirements for digital financial services and products, Governor of the Central Bank, Dr. Ernest Addison, has said.
This means digital financial service providers would have a clear direction as to how to treat monies in locked on...
….Afreximbank affirms as AfCFTA rolls out early 2021
The African Export-Import Bank (Afreximbank) considers factoring as a viable alternative financing instrument for supporting Small and Medium-sized Enterprises (SMEs) at a time when traditional commercial bank lending is tightening while trading is about to begin under the African Continental Free Trade...
Mitsubishi UFJ Finance Group MUFG, a leading global financial services group, one of the largest banking institutions in Japan and African Export-Import Bank (Afreximbank) have closed a ground-breaking $520 million facility, the first to be covered by Nippon Export and Investment Insurance (NEXI).
NEXI’s proactive support for this facility was...
Private pension funds have maintained their strong growth over the years - reaching a record high of GH¢17.3billion in 2019 from GH¢13-billion in the previous year, exactly a decade on since introduction of the three-tier pension system.
The impressive growth of private pension funds over the years, according to the...