Nigeria: Nigeria commissions game-changing refinery amid falling currency.
Ghana: Demand pressures reverse cedi gains following IMF handout.
South Africa: Inflation eases in South Africa, but remains above the MPC’s target range.
Egypt: Interest rates left unchanged in May 2023.
Kenya: IMF extends financing to ease pressure on government.
Uganda: The International Monetary Fund...
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...
The Bank of Ghana (BoG) Governor, Dr. Ernest Addison, has revealed plans to reverse the foreign exchange (FX) control measures implemented last year in response to declining reserves at the time.
Those measures included the withdrawal of foreign exchange support for the importation of certain non-critical or essential goods -...
According to the Bank of Ghana's summary of economic and financial data, there was a marginal increase in gross reserves for April - rising from US$5.1billion in March to US$5.2billion at end of the year’s fourth month.
Therefore, the nation's gross reserves are expected to experience growth following approval and...
… The role of African universities
Artificial Intelligence is transforming the world, and Africa is not immune to the effects of this revolution. The continent is well-positioned to reap the benefits of AI technologies due to its abundant resources and expanding youthful population. Nevertheless, AI development and deployment in Africa...
The Bank of Ghana (BoG) has inaugurated an advanced command centre, the latest in its cybersecurity infrastructure, established to ensure the delivery of a safer digital financial industry.
Dubbed the ‘Financial Industry Command Security Operations Centre (FICSOC)’, the move comes in the face of increased cybersecurity risks in the country...
Standard Bank Group’s 160-year history in Africa makes the group more than a financial services organisation. The group has become a core and an indispensable member of the African community, offering not just integrated financial services and superior value, but also supporting the continent in varied and distinct ways....
According to the Official Ghana Demand Side Survey 2021, Ghana has achieved its financial access target of 85 percent set by the National Financial Inclusion and Development Strategy 2018 - 2023 ahead of the end of the target year – 2023.
As noted by the survey, by the end of...
The African Export-Import Bank (Afreximbank) has chosen Ghana as the host country for its upcoming 30th anniversary celebration and Annual Meetings. The decision was made due to Ghana's historical significance as the birthplace of Pan-Africanism and its strong commitment to Pan-African ideals. Additionally, Ghana's prompt response to Afreximbank's capital...
Standard Chartered Bank Ghana PLC has today welcomed 20 female owned businesses into Cohort 3 of the Standard Chartered Women in Technology (SCWIT) Incubator programme. The women entrepreneurs will participate in a comprehensive nine-month incubator aimed to empower women-led start-ups and provide them with the necessary resources and support...