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...
The Agricultural Development Bank (ADB) Limited has pledged GH¢200million to support the One District One Factory (1D1F) initiative by government which seeks to industrialise the Ghanaian economy.
“The 1D1F is a very good initiative by the government to transform our economy from a service based to a more industrial focused...
Many financial institutions that act like banks are not supervised like banks
If it looks like a duck, quacks like a duck, and acts like a duck, then it is a duck—or so the saying goes. But what about an institution that looks like a bank and acts like a...
There are speculations that Savings and Loans Companies, one of the sub-groups of the Non-Bank Financial Institutions (NBFIs), could see their stated capital increased to GH¢50million from the current GH¢15million.
With the central bank recently increasing the minimum capital for commercial banks from GH¢120million to GH¢400million, which is a 233...
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The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, was launched at AfricaFICC. Indicating...