Since the beginning of the COVID-19 outbreak, multilateral development banks have stepped up their trade finance programs to support essential imports and key exports The African Development Bank Group has joined the World Trade Organisation and other multilateral development banks to reduce trade finance gaps that emerge as a result...
The rural banking concept was introduced in 1976 through the establishment of Nyakrom Rural Bank in the Central Region. This implies that RCBs have been part of Ghana’s financial system for more than four decades. They were licensed by the Bank of Ghana to undertake financial intermediation and to...
Zero Malaria Business Leadership Initiative supports global movement for malaria elimination in Africa Ecobank Group confirmed its commitment to support ending malaria, launching the first-of-its-kind Zero Malaria Business Leadership Initiative in partnership with Dakar-based not-for-profit strategic communications and advocacy organization, Speak Up Africa, and the UN-hosted RBM Partnership to End...
The World Bank’s Board of Executive Directors has approved US$315million from the International Development Association (IDA) to support job creation, skills development and digital transformation in Ghana. This financing includes US$20million for the Ghana Jobs and Skills Project and an additional financing of US$115million for the eTransform Ghana Project. “The two...
Telecommunications giant Vodafone Ghana has waived interoperability charges on transactions of up to GH¢100 for its customers. While transactions between Vodafone Cash customers have been free since September last year without any limit, customers will continue to incur no charge when they send any amount between GH¢1 and GH¢100 to...
The Peasant Farmers Association of Ghana (PFAG) has appealed for government to roll out part of the stimulus package targetting smallholder farmers, so as to revamp agriculture production and to help improve food security. “The credit facility, as part of government’s intervention to cushion the small-scale businesses, cannot be accessed by...
“Policymakers need to guarantee that all children can develop and be educated in a safe digital environment. The idea that children are vulnerable and should be protected from all forms of exploitation is outlined in the UN Convention on the Rights of the Child” - ITU COP It is also...
African countries have lost almost US$55 billion in travel and tourism revenues in three months due to the coronavirus pandemic, the African Union (AU) commissioner for infrastructure and energy said on Thursday. Amani Abou-Zeid told a news conference the economic impact of lockdowns and border closures to curb the spread...
The International Air Transport Association (IATA) has released data for global air freight markets in May, showing a slight improvement in the air cargo market. But capacity remains unable to meet demand as a result of the loss of belly cargo operations on passenger aircraft that have been parked. ...
A team of students from Regent University College of Science and Technology have emerged 2nd runners-up in the third edition of the Presidential Pitch Competition, and have been awarded seed capital of GH¢50,000. The Presidential Pitch is a business idea competition designed and organised by the Ministry of Business Development...