GLICO General Insurance Company Limited, a leading non-life Insurer in Ghana, has officially launched twin innovations: The GLICO Motor club and The GLICO Homeowners club. The event, which also saw the outdooring of its WhatsApp business solution, took place at the company’s plush Swissport office within the Ghana Airport...
Continent to save US$5bn yearly on payment cost
The Pan-African Payment and Settlement and System (PAPSS), which will provide a superhighway for payments among African countries, has officially been launched to give impetus to the African Continental Free Trade Area (AfCFTA) - the world’s largest trading and economic bloc.
It...
Following the first step in phasing out the London Interbank Offered Rate (LIBOR), consideration should be given to a continent-wide alternative reference rate (ARR) as it could have positive implications for trade, among other benefits, Managing Director of GCB Capital, Kofi El-Awuku, has proposed.
LIBOR, since its inception in the...
inaugurates projects at Police Hospital
President Nana Akufo-Addo on Tuesday launched a GH¢6.1million Police Emergency Medical Intervention Fund, aimed at providing immediate financial assistance for the medical treatment of police officers who are injured in the line of duty.
According to President Akufo-Addo: “I have been assured that beneficiaries do...
T.E. Markets, an adaptable company in Africa with vested interest and investments in real estate, mining and exploration, as well as digital financial services, has launched the African Consolidated Exchange (ACEX) to allow Africans to control the prices of commodities.
The system, which was launched in Nairobi, Kenya, last week,...
Absa Bank Ghana’s Employee Volunteerism agenda is impacting and transforming many lives across the country. The strategy is part of the bank’s Citizenship programme to involve employees in the many initiatives which have been instituted to support communities where the bank operates across the country.
The true test of a...
Ends 2021 at 12.6%, highest in 29 months
The general price of goods and services, measured by the consumer price index, has hit its highest since rebasing of the basket was done in August 2019 - becoming another albatross around the neck of the economy’s managers.
Data published by the...
The Centre for Economics Finance and Inequality Studies (CEFIS) has projected the Ghana cedi to reach GH¢7.03 against the United States dollar by end of the year, given factors such as inflation, high importation, foreign reserve position, current accounts, among others.
According to a report by the research firm, titled ‘Ghana...
In the first quarter of 2022, government is seeking to borrow about GH¢3.79billion in new issuances on the domestic debt market.
Per the Bank of Ghana’s notice on the issuance calendar from January to March 2022, this targetted amount - although subject to monthly revision - is to meet government’s...