set to charge fees on Instant Pay, MoMo interoperability & ACH Direct
waivers affecting GhIPSS’ sustainability
fees charge takes effect from May 23
The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has said it is unable to continue waiving the fees it charged on services including Mobile Money...
Expected credit losses
Keeping employees safe
Cybersecurity issues, etc.
Banks should brace for substantial credit losses, increased cybersecurity challenges and increased cost in keeping employees safe as the novel coronavirus (COVID-19) continues to wreak havoc on all sectors of the economy, a report by PricewaterhouseCoopers (PwC) has said.
The report,...
Ghana’s Coronavirus (COVID-19) situation has seen a significant jump by 158 new cases, the highest jump over 24 hours, to currently stand at 566 cases.
According to a tweet by the Diseases Surveillance Department of the Ghana Health Service the virus has spread to 10 regions of the country’s 16...
The Executive Board of the International Monetary Fund (IMF) today approved the disbursement of SDR 738 million (about US$1 billion) to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence, and...
In the wake of the COVID-19 pandemic, Madagascar President, Rajoelina took the world by storm after endorsing a herbal product formulated and manufactured locally by the Malagasy Institute of Applied Research (MIAR).
“All trials and tests have been conducted and its effectiveness has been provided in reducing and elimination of...
Managing Director of the Republic Bank, Farid Antar, has reassured the business community - including small-scale enterprises - that banks in the country will do their best to offer financial assistance to businesses hit hard by impacts of the coronavirus pandemic for them to recover faster.
Many businesses have suffered...
It is an undeniable fact that the current COVID-19 pandemic has produced retrogressive effects on all spheres of economic endeavors. Like the celebrated American Judge Benjamin Cardozo stated “danger invites rescue”. The cry of distress is the summons to relief and a burden has been placed on all policymakers...
The Ghana Education Service (GES), has called on national teachers’ associations such as the National Association of Graduate Teachers (NAGRAT) and Ghana National Association of Teachers (GNAT) for inputs on the strategies to adopt to ensure smooth re-opening of schools.
Director-General of GES, Prof. Kwasi Opoku-Amankwa - in a statement...
… Zoomlion undertakes massive disinfection exercise at KIA and 3 others to pave the way for domestic operations
The Minister for Aviation, Joseph Kofi Adda, has said that domestic airline operation is likely to resume by the coming weekend after all airports in the country were closed down due...
Six months into the year and it already feels like eternity. The world has been severely battered by the novel Coronavirus: a kind that many have never experienced. Since the beginning of the year and especially the beginning of March, governments all over the world have taken drastic measures...