The Monetary Policy Committee (MPC) of the Bank of Ghana has, for the second time, maintained the policy rate at 13.5 percent, citing inflationary pressures, fiscal consolidation and debt concerns, and slow recovery of the economy as reasons.
Inflation in August inched up to 9.7 percent, taking it closer to...
What a difference a leader can make! One of my colleagues (I’ll call him “Nicholas”) used to be a rather lukewarm attendee at his church. Despite growing up in the church and having been accustomed to attending midweek services and Sunday services in his university days, after he got...
Isaac Tweneboah-Koduah, a lecturer at the Garden City University, has advised business entrepreneurs to endeavour to build the financial and managerial capacity of their workers.
He said that would enable them to easily access loans from banks and micro-credit institutions.
He said research showed that financial institutions in the country are...
Dr. Kenneth Ashigbe, Chief Executive Officer of the Ghana Chamber of Telecommunications, has said the future is undeniably digital.
He said technology is still moving at an increasingly fast pace, as every facet of life is now linked intrinsically to microchips in one way or another.
Dr. Ashigbe was speaking at...
With inflation and rising utility prices putting pressure on business margins, suspending the subsidy on residual fuel oil (RFO) has compounded the textile industry’s challenges - forcing the likes of Tex Styles Ghana Limited (TSG) to shut down a couple of times this year.
Government, effective November 1, 2022, withdrew...
The International Air Transport Association (IATA) released April 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels (April 2019) with demand up 12%.
Global demand, measured in cargo tonne-kilometers (CTKs*),was up 12% compared to April 2019 and 7.8% compared to March 2021....
Central banks are starting to experiment with negative interest rates to stimulate their countries’ economies
Money has been around for a long time. And we have always paid for using someone else’s money or savings. The charge for doing this is known by many different words, from prayog in ancient...
Evolution of money
In early stages of human life, individuals traded their excess goods for other products. Early trading activities were characterised by the barter system. This involved direct exchange of a good or goods for another or others. Exchange in the barter system was possible when both parties...
The country remains in the top-ten investment destinations on the continent, thanks to its political stability and investment policies; but it needs to address high energy costs, unstable supply of utilities, weak currency, land tenure issues which complicate acquisition and registration, local content requirements in certain sectors, and corruption.
Prof....
More than 10,000 Ghanaians in various communities and public institutions have benefited from Polytank Ghana’s policy of helping improve access to water.
Spending over GH¢80,000 in tank donations to marginalized areas and groups, Polytanks Ghana’s benevolence has impacted institutions as the Ghana Prisons Service, the Ghana Police, some Fire Service...