Lending is one of the main activities of banks in Ghana. This is evidenced by the volume of loans that constitute bank assets and the annual volume of credit granted to borrowers in the private and public sectors of the economy. However, the banking industry has undergone a challenging...
Sometimes something might seem like bad news but could turn out to be a blessing in disguise. It is an open secret that the outbreak of coronavirus (COVID-19) has been a catastrophic turn of events in economies and business. However, it has also created business space for others to...
The attention of Management of the Ghana Revenue Authority has been drawn to media reports that appear to indicate that the Tema Collection of the Customs Division failed to meet its revenue target by 45% due to the deployment of the Integrated Customs Management System (ICUMS) at the Terna...
Local pharmaceutical manufacturers want the imposition of restrictions on the importation of basic drugs that are being produced in the country, so as to promote the local industry and make the vision of ‘Ghana beyond Aid’ a reality.
Indeed, the impact of COVID-19 on the economy and the realization that...
FBNBank Ghana has signed award winning Reggae and Dancehall recording artiste, songwriter and performer, Samini as ambassador of its new product, quick banking *894#.
Samini will be featured in a gripping integrated advertising campaign for the quick banking *894# product which will run on radio, print and online channels.
Africa1 Media,...
How do you navigate your way through a location you are not familiar with? This calls for the need of a directional map that shows you your current location and give you the opportunity to choose your destination. The lack and/or inadequate financial strategy we put in place puts...
While the COVID-19 pandemic rages, more than 100 low- and middle-income countries will still have to pay a combined US$130 billion in debt service this year – around half of which is owed to private creditors. With much economic activity suspended and fiscal revenues in free fall, many countries...
For most financial institutions globally, 2020 Financial Year (FY2020) is likely to be described as a year of abysmal performance, an outlier which caste malignant spell on important financial indicators, especially liquidity and profitability. Unavoidably, Microfinance Institutions (MFIs) are spared by this imminent spell. This is because; MFIs predominantly...
Prudential Life Insurance has announced a partnership with three institutions; United Way Ghana, United Nations Population Fund (UNFPA) and the School of Languages, University of Ghana to fund projects that are set to impact over 23,000 Ghanaians.
United Way Ghana is bringing together local expertise in the fields of education,...
Quantitative Easing (QE) is another form of expansionary monetary policy in which the Central Bank of a country purchases a large number of financial assets, such as bonds, from commercial banks and other financial institutions. The purchase of these assets in large amounts increases the excess reserves held by...