For most financial institutions globally, 2020 Financial Year (FY2020) is likely to be described as a year of abysmal performance, an outlier which caste malignant spell on important financial indicators, especially liquidity and profitability. Unavoidably, Microfinance Institutions (MFIs) are spared by this imminent spell. This is because; MFIs predominantly...
Prudential Life Insurance has announced a partnership with three institutions; United Way Ghana, United Nations Population Fund (UNFPA) and the School of Languages, University of Ghana to fund projects that are set to impact over 23,000 Ghanaians.
United Way Ghana is bringing together local expertise in the fields of education,...
Quantitative Easing (QE) is another form of expansionary monetary policy in which the Central Bank of a country purchases a large number of financial assets, such as bonds, from commercial banks and other financial institutions. The purchase of these assets in large amounts increases the excess reserves held by...
The enterprise unit of Vodafone Ghana, Vodafone Business has launched Business Runway Webinar Series to empower Small and Medium Scale Enterprise (SMEs) with the requisite skills, insights and opportunities that will enable them manage and build thriving businesses.
The knowledge-sharing platform, which is also aimed at building the capacities of...
President Nana Akufo-Addo has unveiled the first locally-made Volkswagen (VW) vehicle which he says is the first of many to come in the country’s bid to becoming self-reliant.
“This will undoubtedly promote import substitution, enhance Ghanaian exports, particularly within the framework of the African Continental Free Trade Area, whose coming...
Vodafone Ghana employees and the Vodafone Group Foundation have raised GH¢100,000 toward establishment of the Vodafone Ark Foundation Transit Shelter for survivors of domestic violence. The amount was donated to the Ark Foundation, a Non-Profit Organisation (NGO) that provides support for survivors of domestic violence.
The donation is part of...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally.
At the AGM to present the...
Misheck Mutize
IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries.
A debt service relief package has been approved by some of the world’s biggest lenders for more than 25 African countries. The arrangement includes the World Bank, the International...
The COVID-19 pandemic, one of the world’s most significant events in recent memory, has resulted in the cessation of economic activities for many African countries. Many economic analysts have predicted that the pandemic will lead to a significant decline in GDP, unparalleled social disruption, and the loss of millions...
Declining trade volumes and values due to COVID-19 disruption in supply chains globally has had a serious effect on the wholesale, retail and distribution business in Ghana; thereby causing a ripple-effect on Specialised Deposit-Taking Institutions (SDIs).
In March 2020, the Bank of Ghana (BoG) announced a number of monetary policy...