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...
Rebounding economy after a trying year
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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...
HFC Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has been recognized as the Best Pension Custodian Bank at the Ghana Accountancy & Finance Awards.
The Award is in recognition of the Bank’s enormous contributions in the Custody Services including Trade Settlements, investments collections, cash collection services, detailed valuation...
The President of Group Ideal, Nii Kotei Dzani, has said chiefs and politicians should not be encouraged to meddle in the administrative affairs of Rural and Community Banks in the country. According to him, such interferences affect the sector’s effectiveness and efficiency of operations, and hinders growth of the...
Government is to set up a new national development bank to “mobilise private capital toward agricultural and industrial transformation”, Finance Minister Ken Ofori-Atta revealed in the 2018 Budget and Economic Policy of Government presented to Parliament yesterday.
“To achieve an efficient financial sector with innovative and long-term financing instruments to...
The Babacar Ndiaye Lecture Series, an international series introduced by the African Export-Import Bank (Afreximbank), debuted in Washington D.C. recently with Nobel Laureate Joseph Stiglitz asking that African countries to adopt a coordinated strategy that encompasses the agriculture, manufacturing, mining, and service sectors in order to attain the same...