UBA Ghana has recently been recognised for its outstanding achievements by the International Business Magazine Awards, winning two awards. The bank was named winner for Preferred Banking Platform Ghana 2023 and Preferred Bank for Business Ghana 2023.
International Business Magazine is a well-established platform that recognises exceptional achievements of global...
Producer price inflation rate accelerated to 16.8 percent year-over-year in April 2024, according to the latest data from the Ghana Statistical Service.
This marked a notable 1.5 percentage point increase from the 15.3 percent recorded in March 2024. On a month-over-month basis, it rose 4.1 percent between March and April.
The...
According to the ARB Apex Bank PLC, there are 147 rural and community banks with over 800 branch networks spread across the 16 regions of Ghana.
The total assets of the rural banking sector as of December 2021 amounted to GH¢6.72billion.
The sector also recorded total deposits of GH¢5.94billion.
Like any other...
The central bank says government’s inability to meet its projected revenue performance poses considerable danger to government’s fiscal consolidation efforts.
Revenue and grants performance for the first seven months of the year – GH¢20.8billion is more than GH¢3.2billion short of the GH¢24billion target for the period under review.
According to the...
The Managing Director of the Agricultural Development Bank (ADB), Dr. John Kofi Mensah, has said the Bank will support Outgrower Farmers supplying raw materials to factories under government’s One District, One Factory (1D1F) initiative.
According to Dr. Mensah, industries established under the One District, One Factory in need of agricultural...
By Joshua Worlasi AMLANU
The country has successfully executed its first cross-border trade transaction using digital credentials, the eCedi central bank digital currency (CBDC), and a Singaporean stablecoin.
The landmark pilot was part of Project DESFT (Digital Economy Semi-Fungible Token), a collaborative initiative between the Bank of Ghana (BOG) and...
Finance Minister-designate, Ken Ofori-Atta, has said that government’s decision to bring back what has become a rather controversial transaction, the Agyapa Royalties deal, to parliament is its potential of bringing in revenue which will effectively reduce government’s borrowing.
The country’s finances have been further messed up by the pandemic related...
…Swift's Head of Sub-Saharan Africa discusses with the B&FT
Olivier Lens, Swift's Head of Sub-Saharan Africa discusses in an exclusive interview with the Business and Financial Times on the expansion efforts in West Africa and Ghana, including collaborations with banks and payment systems, and notes that Swift and PAPSS are...
… as fourth Annual General Meeting held
In the face of rising cyber security breaches as a result of increased adoption of digital finance platforms, especially spurred on by the ongoing pandemic, Zeepay, a leading fintech in the country, has said it is well positioned to deal with current threats...
The Managing Director of ARB Apex Bank PLC, Alex Kwasi Awuah, has advised Rural and Community Banks (RCBs) to redesign and integrate their systems to assist them cope and position themselves properly in the face of economic uncertainties facing the world.
He explained that after almost fifty years since the...