… as investors confident over nation’s political stability
Despite the uncertainty which characterised the keenly contested general elections and the uneasy calm trailing its aftermath, the Ghana Stock Exchange (GSE) has not reacted adversely but has, as a matter of fact, recorded some marginal gains, the B&FT can confirm.
On Tuesday,...
The National Information Technology Agency (NITA) and the Ghana Chamber of Telecommunications are pushing state institutions and telecommunication service providers that deploy their own fibre installations to consolidate these installations to fast-track national connectivity to accelerate economic development.
They however warned that the consolidation efforts would amount to little or no...
Compares fiscal situation to HIPC economies
Credit ratings firm, Moody’s Investor Services, has stressed that the new Nana Addo Akufo-Addo administration will continue to face major challenges that could curtail the country’s creditworthiness, including low growth after the coronavirus shock, weak government revenues, low oil prices, and energy...
Ghana’s plans to overhaul its regulatory system and establish a one-stop shop for investors as part of broader efforts to boost FDI are explored in a new COVID-19 Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with the Ghana Investment Promotion Centre (GIPC).
The CRR charts the...
Trend and Causes
Ghana’s total debt hit GHȻ273.8 billion (71% of GDP) at end-September 2020 from GHȻ209.1 billion (62.4% of GDP) in September 2019, indicating an increase of GHȻ64.7 billion (30.9%) in one year.
Domestic debt increased from GHȻ101.4 billion (29% of GDP) to GHȻ135.3 billion (35.1% of GDP) during the...
The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have announced its plan to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana.
The collaboration is expected to benefit the small and medium-sized enterprises (SMEs) and micro SMEs (MSMEs) in both countries by expanding their connectivity...
The Volta River Authority (VRA) wants to diversify it operations by tapping into the growing electric vehicle (EV) space.
The state-owned power generator and supplier is looking to start with providing charging stations across the country - with a pilot set for 2021 - before eventually venturing into assembling of...
Digital transfer payments, including overseas remittances will play an increasingly crucial role in the post-pandemic financial landscape as the role of cash begins to dwindle, and there is the need for improved regulation to curb illicit flows, Gbenga Okejimi, Country Manager, Nigeria and Ghana at WorldRemit, has said.
“People have...
The Head of Client Coverage at First National Bank Ghana, Richard Kokoih, has affirmed the bank’s commitment to supporting government in its bond-issuance programme that will increase the availability of funds for financing developmental projects.
According to Mr. Kokoih, the important role of banks like First National Bank in supporting...
The Chartered Institute of Bankers-Ghana (CIB) has advised bank customers to be circumspect with their criticism of the sector on social media whenever they have challenges with banks, as it goes a long way to not only affect the sector’s image but also adversely impact the hard-earned confidence regained...