Payments made via the universal GhQR attract no charges, the Chief Executive of Ghana Interbank Payment and Settlement System (GhIPSS) Mr. Archie Hesse has said. According to him, the no-charge and other qualities such as efficiency, convenience and security make it a very convenient payment channel.
Transaction cost remains one...
The Managing Director of Republic Bank (Ghana) PLC, Benjamin Dzoboku, has delivered a presentation on behalf of Group President and Managing Director Mr. Nigel Baptiste at the just-ended 21st Trans-Atlantic Trade and Investment Symposium - organised by the Emancipation Support Committee of Trinidad and Tobago as part of the...
There is a spirit across the continent that is unmatched elsewhere. It is largely unspoken, a feeling and way of thinking that allows us to say with the greatest of confidence that Africa’s future is bright, and that we can do anything we set our minds to.
All too often,...
Ecobank is strategically positioning itself to become the preferred financial partner for businesses engaged in international trade, particularly exports.
This focus was evident at a recent Ecobank Export Forum, where Abena Osei-Poku, Ecobank’s Managing Director, highlighted the export sector's critical role in the country’s economic well-being.
"The export sector has been...
Atwima Kwanwoma Rural Bank Limited at Pakyi No 2 in the Amansie West district of Ashanti Region has been adjudged CIMG Rural Bank of the Year 2021 by the Chartered Institute of Marketing, Ghana (CIMG).
The bank is a 5-time recipient of this prestigious award and for two consecutive years....
Stanbic Bank Ghana has - for the second year running, been named CIMG Bank of the Year at this year’s CIMG awards held at the Labadi Beach Hotel in Accra.
The award was in recognition of Stanbic Bank’s consistency in creating value for its clients beyond the financial services that...
The Governor of the Central Bank of Ghana, Dr. Ernest Addison is confirmed to join other Governors, Finance and Economy Ministers at the 2022 edition of the Africa Financial Industry Summit.
The Africa Financial Industry Summit (AFIS), a platform that promotes the emergence of an inclusive, innovative and modern pan-African...
…. a generous ruling or a compliance burden?
The Income Tax Act imposes tax on income from employment, business, or investment. In ascertaining the income from employment, the tax law requires the inclusion of all benefits and gains derived from the employment.
Section 4 (2)(a)(ix) of the Income Tax...
The use of GhQR is expected to experience significant growth as the number of institutions going live with it increases to 15. It comprises 11 financial institutions and four payment service providers.
GhQR was launched last year, adding to existing electronic payment channels as part of the larger cash-lite agenda....
In order to make available funding to businesses, especially to entrepreneurs and startups, Senior Partner at AB & David Law Firm, David Ofosu-Dorte, says the central bank should introduce an index that allows for non-collateralised lending.
Non-collateralised lending, also known as an unsecured loan, doesn't require any type of collateral; thus,...