Mobile money transactions have emerged as the most preferred digital payment method in Ghana, according to a research conducted by a Research Team at Stanbic Bank Ghana. According to the report, the number of mobile money subscribers increased by 15% in 2020, with an estimated value of transactions at...
Ghanaian consumer confidence declines by 15 points
Nigerian sentiment also experiences a significant decline
Against a backdrop of the unprecedented COVID-19 pandemic, West African consumer sentiment has experienced a sharp drop in the Nielsen Consumer Confidence Index (CCI) for Quarter 2, 2020. Ghana’s figures show a substantial decrease of...
Economist says it reflects general economic challenges
Despite assets growing strongly, the banking industry has witnessed a decline in the growth of deposits in February 2022, compared to same period last year, with non-residents leading the damage with a huge slump of 118.6 percent, a development an economist...
Kenya’s ambition to build Nairobi into a regional financial hub and compete with Dubai as a channel for regional trade received a boost this week after the country signed a co-operation agreement with the UK that could unlock at least $2 billion of deals over the next five years.
The...
The Cedi lost further ground against the dollar this week, trading at 8.27—a new record low—from 8.13 at last week’s close.
That came after Ghana’s central bank this week unexpectedly held rates at 19%, ending nine months of consecutive tightening amid concerns of slower growth and worsening economic conditions. Ghana’s...
The rate of unemployment continues to increase despite the significant economic growth recorded over the last 12 months, as low absorption sectors such as mining, oil and gas, and financial intermediation drive growth.
Prof. William Baah-Boateng of the Department of Economics, University of Ghana said: “From the demand side, we...
The Bank of Ghana (BoG) Monetary Policy Committee (MPC) has kept the benchmark policy rate unchanged at 30 percent due to the stability observed in the macroeconomy, as indicated by the recent decline in domestic inflation.
The decision was revealed following conclusion of the 114th MPC meeting, where the committee...
As Senior High School (SHS) students prepare to go back to school tomorrow, Monday, President Nana Addo Dankwa Akufo-Addo has announced that government will absorb all the WASSCE fees of GHc75.4 million.
This means that, parents do not have to worry about paying for their wards to sit for their...
As from 1st January 2018, Ghanaian farmers will be able to resume exports of all plant commodities to the European Union (EU) market.
This follows the European Commission's decision to lift the current ban on the exports of five plant commodities from Ghana to the European Union (EU) market on...