The IMF’s record $650bn reserves distribution came into effect earlier this week, with the fund’s managing director Kristalina Georgieva calling on wealthy nations to divert some of their allocation to poorer countries that need greater economic support amid the Covid-19 pandemic, particularly in Africa—which has only been allocated $33bn.
Some...
In the second quarter of 2021, China’s GDP grew by 7.9% year on year. That was a relatively strong performance, especially given the enduring effects of the COVID-19 pandemic on the global economy. But, for China, it represents a disappointment: a Caixin survey of economists showed the median estimate...
56% of banking sector fraud aided by staff
Digital/electronic related transactions fraud most worrying
A new report by the Bank of Ghana on fraudulent activities in the banking sector has revealed that more than half of incidents of the criminal activity in 2020 was carried out with the help...
The PepsiCo Foundation expands on US$53m Net Water Positive program.
Pledges to replenish more than 100% of water used in high-risk areas by 2030.
The PepsiCo Foundation, the philanthropic arm of leading food and beverage company, PepsiCo, has launched a new US$1 million program with leading NGO and long-term...
The Social Entrepreneurship Hub (SE-Hub) Ghana and Business in Environmental Stewardship Network (BESNet) of A Rocha Ghana have organised a workshop in Takoradi for private companies to orient them about the need to adopt green business approaches in their daily activities.
SE-Hub and BESNet have over the years proactively engaged...
The ongoing Coronavirus (COVID-19) induced economic crisis means that Ghana and the rest of Africa must prioritise becoming locally sufficient in key sectors such as agribusiness and manufacturing in post-recovery efforts, says Chairperson of the Association of Ghana Industries (AGI) Agribusiness Sector, Fatima Alimohamed.
Ghana, just like many other African...
The Minister of Information, Kojo Oppong Nkrumah, has stressed the important role of the media in recovering the economy from the pandemic, saying its impact can stimulate growth and development in the country.
Speaking at the 2021 edition of Graphic Business/Stanbic Bank Breakfast Meeting yesterday under the theme ‘Media and...
The Bank of Ghana in its latest inflation outlook has confidently forecasted headline inflation to remain within the medium-term target band of 8±2 percent despite it inching up in the past two months, but has expressed concern about risk from the fiscal side.
Domestic price pressures moderated during the second...
The Chief Executive Officer (CEO) of 21st Clinic, Dr Blessed Foster has won a coveted healthcare delivery award.
Dr Foster, who has successfully positioned 21st Clinic into a solid and trustworthy health facility, has been presented with an "outstanding medical excellence award quality health delivery in Ghana".
The prestigious award was...