Monday, September 26, 2022
Minister of Finance, Ken Ofori-Atta, has revealed in the 2020 mid-year budget review that government has released an amount of GH¢57,800,000 for the payment of nursing students allowance. According to the Finance Minister, the stipulated amount is to cover the allowance of some 48,200 nursing students across various nursing training...
PREAMBLE In any economic structure, debt is used at three main levels: the government level as captured in a nation’s fiscal policy for economic development, the corporate level for organisations’ capital injection, and the individual level for personal financial support. PUBLIC SECTOR DEBT State revenues are most often insufficient to finance...
Contrary to the impression that persons living in rural communities would be more inclined to use mobile money services due to their reliance on relations, acquaintances and friends in urban areas for remittances, a report - the ‘Household Survey on Information Communications Technology (ICT)’ - has revealed the contrary. Due...
“We need banking but we don`t need banks anymore. Do you think someday we can open bank account or ask for loan without physically having to come to the bank?” ------Bill Gates The novel corona virus (COVID-19) has seen banks accelerate their digital transformation plans, condensing them from 5yrs strategic plans...
Data from the Ghana Shippers' Authority (GSA) have shown that demurrage payments to shipping lines in 2019 amounted to $27million; this figure was less than the $39million recorded in 2018. According to the Authority, some of the causes of demurrage – fees importers pay for overstayed containers – include bureaucratic...
Despite some gradual increases over the past two decades, Ghana’s tax-to- GDP ratio - which stood at 13 percent in 2019 - remains below that of many countries with a comparable income level; largely due to ineffectiveness of the current tax policy designs of personal income and general sales...
… GH¢1.83m to 625 victims under the first tranche The National Board for Small Scale Industries (NBSSI) has provided GH¢1.83million in financial relief to 625 victims of the Odawna Market fire outbreak a day after the Microfinance and Small Loans Centre (MASLOC) made available GH¢2million in soft loans to 2,000...
… pledges support to small businesses under AfCFTA FBNBank Ghana has begun the commencement of activities marking the celebration of its 25th anniversary in the country with a pledge to support a wide range of businesses, particularly small and medium sized enterprises (SMEs) to scale up their operations in order...
Mastercard has partnered with Global Accelerex Ghana, a licensed financial technology company that is into the provision of electronic payment systems and devices to enhance digital and electronic payments acceptance as well as business management tool for SMEs. The partnership is aimed at driving digital and electronic payments, and forms...
Chief Executive Officer of Vodafone Ghana, Patricia Obo-Nai, has advised graduates of the Kofi Annan International Peacekeeping Training Centre (KAIPTC) to embrace technology and relevant skills to be on top of the corporate game. She said it is estimated that 45 percent of all current tasks can be automated with...
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