The central bank has endorsed plans by government to merge the operations of ADB and the National Investment Bank (NIB) to meet the new GHS400 million minimum capital requirement.
Dr. Ernest Addison told the press on Monday that he sees nothing wrong with government’s plans to merge the operations of...
The economy does not need another development bank along the lines of the Agric Development Bank (ADB) and the National Investment Bank (NIB), Kenneth Kwamena Thompson of Dalex Finance has said.
Reacting to government’s intention to set up a “national development bank” to “mobilise private capital toward agricultural and industrial...
As though the 550-basis points cut seen in 2017 was not enough, South African-based RMB Research believes the central bank has more wriggle room to further trim its policy rate by between 200 and 300 basis points in 2018, which could trigger aggressive lending rate cuts.
In its reaction to...
Galaxy Capital Limited, the investment subsidiary of the Galaxy Group is in a good position to meet the stated capital requirement to be announced by the Securities and Exchange Commission (SEC).
Chief Executive Officer of Galaxy Capital, Samuel Bright-Kaitoo applauded the SEC for the recapitalization move, noting that the resultant...
The central bank Governor Dr. Ernest Addison has said a longer period of “sustainability” is needed before commercial banks’ lending rates will trend downwards to reflect the central bank’s loosening of monetary policy.
With the Monetary Policy Committee of the central bank reducing its policy rate by 100 basis points...
Standard Chartered Ghana Limited says for many years it has positioned itself to become the full financial services provider in Ghana for China’s ambitious Belt and Road Initiative (BRI) - also known as the ancient Silk Road initiative - which is aimed at connecting China with Asia, Africa, Europe...
The Ghana Stock Exchange (GSE) has urged start-up businesses to take advantage of the Ghana Alternative Market (GAX) to raise capital to expand and take their businesses to higher heights.
With lending rates above 30 percent, it has become a major challenge for small businesses in the country to access...
Government intends to use its revenue and expenditure measures in the 2018 budget to continue to stabilise the economy, offer reliefs to make the private sector competitive and create more employment.
But without the needed revenues, these objectives will not be realised. Funding for most of government’s developmental projects is...
Banks and their customers will need to transform to make the recapitalisation exercise worthwhile
“The wheel always turns” is a popular cliché that aptly describes the cyclical nature of the credit and business markets. It also describes one of life’s truths, in that many a time you find yourself in...
Beginning next year, individuals and corporate organisations who fail to submit their tax returns within a specified period cannot enjoy essential government services, the Head of Tax Policy at the Ministry of Finance, Daniel Nuer has said.
The 2018 Budget has introduced a Voluntary Disclosure Procedure (VDP) in the Revenue...