Tuesday, September 28, 2021
  Outspoken financial analyst Kenneth Thompson is predicting scarcity of cash in the economy next year, despite the optimistic tone of government in the 2018 budget. Alluding to the budget’s allocation of more than 80 percent of revenue to the payment of salaries and interest on loans, Mr. Thompson noted that...
President of the Chartered Institute of Bankers (CIB), Mrs. Patricia Sappor has urged banking professionals in Ghana to begin discussions on Crypto Currency. According to her Crypto Currency is the next big thing happening, noting that as at November 2017, Crypto Currencies (digital Currencies eg. Bitcoin) have reached a record...
A survey conducted by Pew Research Centre (PRC), a US-based think-tank, has revealed that more than 75 percent of Ghanaians would not hesitate to grab an opportunity to migrate abroad to better their living conditions. The survey, conducted in sub-Saharan countries that have supplied a huge chunk of migrants to...
Despite a booming shoe and other leather works industry in the country, it is sad and surprising to learn that not even a single leather tannery exists to supply these small businesses with leather - leaving them at the mercy of importers. The situation is even more worrying if a...
A new bill has been laid before parliament to enable the Ghana Revenue Authority (GRA) exchange information with other tax administrations in the world, regarding certain financial accounts of entities or individuals, in a bid to curb tax evasion. The bill is named Standard for Automatic Exchange of Financial Account...
On March 21, 2017, 44 African leaders gathered at Kigali, Rwanda, to sign the framework that establishes the African Continental Free Trade Agreement (AfCTFA) - aimed at creating a single continental market for goods and services as well as a Customs union with free movement of capital and business...
Southeast Asian nation targets 300,000mt to Ghana next year West Africa imported 1,000,000mt in 2016 In just the first three quarters of 2017, the country imported 213,000 tonnes of palm oil from Malaysia, valued at US$149.1million and representing more than 70 percent of total imports of the commodity within...
The total value of all mobile money transactions done in the first quarter of the year reached GH¢52billion, a more than 68 percent growth over the figure recorded in the same period last year. According to the Bank of Ghana, in the first quarter of last year mobile money transactions...
Mr. Jai Mirchandani, Chief Executive Officer of Avnash Industries Ghana Limited - the country’s most formidable agro-industrial processing company, has said it is ready to invest over US$100million into government’s One District, One Factory (1D, 1F) policy to ensure its success. “We are investing over US$100million from next year. I...
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,...
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