Addressing revenue shortfalls To address the perennial challenge of revenue shortfall, it will be necessary for government to replicate modern technologies such as the Electronic Metering Management System (EMMS) solution across all sectors of the economy to plug revenue leakages as has been done in the petroleum sector, Managing...
… on-site testing scheduled for May All is set for Ghana to be removed from the European Union’s (EUs) list of countries with high levels of deficiencies in their Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) regimes, Head, Financial Stability at the Bank of Ghana (BoG), Dr. Joseph France,...
Timely release of funds by gov’t
Stemming rising medicine price
Keeping economic growth on track The financial sustainability of the National Health Insurance Scheme (NHIS) would be under serious threat if measures are not put in place to check timely release of funds by the finance ministry,...
First National Bank Ghana, the nation’s leading mortgage provider, has signed Memoranda of Understanding (MOUs) with Real Estate Developers to collaborate on the provision of homes to Ghanaians as part of the bank’s ‘Year of Home Ownership’ (YOHO) initiative. Under the ‘YOHO 2021’ initiative the bank is helping as many...
The new South African High Commissioner to Ghana Her Excellency Grace Jeanet Mason is building strong diplomatic credentials that will serve as a benchmark for years to come. Already, she has become a favorite of locals due to her unique personality which has been hailed widely. An exceptional start as a...
A new digital system initiated by the Ghana Revenue Authority (GRA) has added more than GH¢1 billion to government’s revenue in just ten months of its implementation, as it has virtually halted diversion of fuels and under-declaration of products. The platform is an end-to-end Electronic Metering Management System (EMMS) solution...
… forms part of measures to boost investor confidence post sector clean-up Regulator for fund management firms in the country, the Securities and Exchange Commission (SEC), has said that as part of mandate to regulate and develop capital market operations as well as ensure the protection of investors, it...
Fastest rise in employment for 13 months
Further expansions in output and new orders
Business confidence at five-month high The end of first-quarter 2021 saw Ghana's private sector remain in growth territory. Output, new orders and employment all increased, while business confidence hit a five-month high. The headline seasonally adjusted...
DreamOval Limited, an African fintech company, recently obtained its enhanced Payment Services Provider (PSP) licence from the central bank of Ghana. The Payment Services Act 2019 requires all fintechs to be licenced by the Bank of Ghana before they can operate in the country. The Enhanced Payment Services Provider Licence...
“Green is a process, not a status. We need to think of ‘green’ as a verb, not an adjective.” ------Daniel Goleman, PhD., Science Journalist & Author Origins Policy makers, in the last decade, have put a lot of effort into enhancing green financing with the main purpose of achieving economic growth...