DreamOval Limited, an African fintech company, recently obtained its enhanced Payment Services Provider (PSP) licence from the central bank of Ghana. The Payment Services Act 2019 requires all fintechs to be licenced by the Bank of Ghana before they can operate in the country.
The Enhanced Payment Services Provider Licence...
The immediate past Director of Nutrition at the Food and Agriculture Organisation of the United Nations (FAO), Prof. Anna Lartey has urged the government to impose tax on junk food and sugar sweetened beverages so as to engender health living among citizens.
She said the nation’s nutrition index has been...
…as both see heavy contraction in Q1
Even as the country strives to recover from ravages of the pandemic, the two hardest-hit sectors – extractives and hospitality – continue finding it difficult to come out of the economic quagmire, as both saw their largest contraction in first quarter of the...
Interest payment on debt, together with compensation of government employees has overtaken money generated in the domestic economy by 24.4 percent in the first quarter of the year, the Central Bank’s first quarter statistical bulletin data has revealed.
According to the data, the country generated GH¢12.5 billion from the domestic...
Government must be conservative in its expenditure approach for the next six months as the finance minister prepares to present a mid-year budget to parliament to avert Ghana’s debt stock from reaching unsustainable levels, that is an advice from economist Dr. Lord Mensah.
According to him, borrowing from the international...
The Finance Minister, Ken Ofori-Atta has announced that government will not seek additional funding and supplementary budget for the next half of the year to contain the country’s debt stock and avoid fiscal slippages.
Mr. Ofori-Atta explained that even though the COVID-19 pandemic has ravaged many economies around the world,...
Contrary to concerns that the coming into force of the interim Economic Partnership Agreement (iEPA) between Ghana and the EU may affect the country’s commitment to the African Continental Free Trade Area (AfCFTA), economics professor at the University of Ghana, Peter Quartey, says it rather gives the economy competitive...
Cedi reprieve unlikely to last
The Cedi strengthened slightly this week, trading at 6.015 to the dollar compared to 6.05 at last week’s close after the Bank of Ghana sold $75m into the market through its FX forward auction. That helped relieve the recent pressure on the Cedi, which has...
Over the last 20 years, a number of thriving technology companies have emerged in China. This has invited much speculation about the country’s scientific and technological prowess, and about its ability to innovate. Some argue that China is already nipping at America’s heels in these domains, and has become...
Growth in sub-Saharan Africa's big economies will be mixed into 2022, after a year of recovery from COVID-19 lockdowns, as life slowly returns to normal amid low vaccination rates, a Reuters poll found on Wednesday.
But the pace of recovery is largely positive, according to the poll, conducted from Oct....