But customers still have cyber security concerns “Before the coronavirus was reported in Ghana, I used to go to the bank anytime I wanted to withdraw money because I had not really paid attention to mobile banking. But ever since the lockdown, I have stopped going to the bank....
Price fluctuations in global crude and refined product prices are taking a heavy toll on Ghana’s downstream markets, resulting in Bulk Oil Distributors losing millions of dollars and throwing many indigenous Oil Marketing Companies out of business. Out of the 130 oil marketing companies operating in the country, 50 -...
Edward Effah, Board Chairman of Fidelity Bank, has attributed the bank’s strong performance in 2019 to the consistent support it received from customers who stayed loyal to the brand. Despite the uncertainty that continued into 2019 as a result of the financial sector clean-up by the regulators, Bank of Ghana...
The National Lottery Authority (NLA) and Ghana Revenue Authority (GRA) - the two strategic revenue mobilisation institutions for government - will officially launch a Value Added Tax (VAT) raffle in the coming days. The two institutions constituted a joint working committee that has been closely working together on the VAT...
Kenya will remove a range of tax exemptions including for oil and gas exploration as it seeks to make up for revenue lost to the impact of the coronavirus crisis, its finance minister said on Thursday. As well as a drop in tax collection caused by the COVID-19 pandemic, the...
COVID-19’s impact on the aviation sector has been vast and the recovery time is likely to be lengthy. The International Air Transport Association (IATA) has predicted that airlines will lose US$314billion in revenue this year – almost three times greater than its original ‘worst-case scenario’ prediction in March 2020. Airlines around the world typically...
GLICO Group, a dynamic pacesetter in the insurance and finance industry, has presented essential hospital items and equipment to the Ghana Air Force as part of its efforts to stop the spread and manage infections of COVID-19. The presentation was made at the Ghana Air Force Headquarters, Burma Camp,...
The protection of people, data, processes, physical assets and reputation is of pivotal importance for organizations, especially during the ongoing COVID-19 pandemic. We argue this crisis significantly increases insider threats and risks on all levels.  With so many employees working from home on their own computers, laptops and mobile...
Mantrac Ghana Limited, the sole authorized caterpillar dealer in Ghana, as part of efforts to support the fight against COVID-19 in Ghana, has donated an amount of GHS58,500.00 being the equivalent of US$10,000 to the National COVID-19 Trust Fund. The cash donation is part of Mantrac Ghana’s total commitment of...
The financial services industry is leading the drive to slow down the spread of the Covid-19. Operating a cash-lite society has become a key target of central banks globally; and it is poised to change banking and the customer experience forever. At Bloomberg Invest Global 2020, a virtual conference...