To avoid the mistakes that led to the challenges which have resulted in existing development banks digressing from their original purpose for which they were established, banking consultant Dr. Richmond Atuahene, has proffered some solutions to government which includes ensuring that only competent and qualified people are appointed to...
Climate damage reparations on COP27 agenda
Some European countries including Austria, Belgium, Denmark, Germany, Ireland and Scotland stepped up to offer ‘loss and damage’ funding for African nations impacted by climate change. While the amounts offered so far are insignificant compared to the billions needed for vulnerable populations to tackle...
Secretary-General for the African Continental Free Trade Area (AfCFTA), Wamkele Mene, has disclosed that Africa’s recovery from COVID-19 will be the slowest among world regions due to limitations, fiscal constraints, monetary policies, insufficient support and the slow vaccine rollout.
The pandemic has caused significant disruption, hardship and nearly every aspect...
The National Information Technology Agency (NITA) and the Ghana Chamber of Telecommunications are pushing state institutions and telecommunication service providers that deploy their own fibre installations to consolidate these installations to fast-track national connectivity to accelerate economic development.
They however warned that the consolidation efforts would amount to little or no...
The African Continental Free Trade Area (AfCFTA) presents a unique opportunity for Ghana to lead the nation’s quest for economic transformation. With an edifice such as the MPS Terminal 3, this can be achieved.
Since the commencement of operations in 2007, MPS has exhibited strong advocacy for transformation of...
… company makes rest of workers redundant
An Accra High Court has thrown out a case brought before it by Ghana Community Network Services Limited (GCNet) seeking the nullification of an arbitration settlement for some 150 workers who were rendered redundant last year.
GCNet has been in a tango with the...
The Institute of Economic Affairs (IEA) has commended the Bank of Ghana’s measures introduced to support banks and the economy deal with impacts from the coronavirus pandemic, including the decision to finance government’s budget.
After the country recorded its first coronavirus case in March, and subsequently went into a three-week...
The rise in volumes and value of shares traded on Ghana’s stock exchange is not expected to diminish anytime soon, but rather continue this year and possibly next year, analysis by FirstBanC Research, has shown.
The research subsidiary of FirstBanC Financial Services, an investment banking firm, explained that the market...
The human was born free and has been free to do business to make a living. However, during this process, society expects compliance with certain standards and regulations to ensure the smooth flow of usual activities and socio-economic norms. The society also expects a certain kickback from the people...
For the first time this year, the cedi has ended a month with depreciation against its major trading currency, the US dollar, a development an economist says should be expected given uptick in economic activities, especially, imports.
Data from the Bank of Ghana shows the cedi, as of August 5,...