The cost of printing a unit of a currency note could be higher than the face value of the currency. Thus, it is comparatively true that a lot of money goes into printing currencies, especially lesser denomination banknotes that tend to circulate more in an economy like Ghana’s.
Dr. Ernest Addison,...
To say this pandemic poses a threat of serious losses to the Petroleum Industry worldwide might not adequately capture the sheer numeric magnitude of the shortfall for this particular industry. We are talking about an industry where small change is spoken about in the billions, so you’d have to...
analysts cite ‘double standards’, say it stifles FDIs inflow
Failure of the financial sector’s four regulators to publish their respective annual reports in a timely fashion has raised concerns among industry experts and stakeholders alike - who say it represents double standards and dampens confidence, particularly at a time...
The Kasapreko Company Limited (KCL) has unveiled a multi-million-dollar water, juice and soft drinks factory at Tanoso in the Ashanti Region as part of government’s flagship One District, One Factory (1D1F) initiative.
The multipurpose factory which is set up on a 10,000-square metre property, has the capacity to produce 35,000...
The Director for Africa at the cryptocurrency exchange, Binance, Emmanuel Babalola, has suggested while speaking with Business and Financial Times that a wider cryptocurrency adoption is key to transforming and simplifying the ways people make payments on the continent. With cryptocurrencies, cross-border transactions - remittances and settlements - can...
… the verdict
The economy of Ghana was described as a model economy for a developing country and praised by many experts as one of the fast-growing economies in the world. In 2021, Bloomberg published a report that Ghana's economic growth was faster for two years running, outperforming forecasts of...
Known for its commitment to rewarding its customers, telecommunications giant Vodafone Ghana has introduced another exciting promotion for its fixed broadband customers ahead of Christmas.
Named ‘2 Moorch Christmas’, the promotion offers active customers up to 200 % extra bonus for 30 days when they top-up with GH¢100 in addition...
Parliament has approved the Finance Ministry’s request to spend an amount of GH¢27,434,180,520 from the Consolidated Fund to finance government operations for the first quarter of the 2021 financial year.
Finance Minister, Ken Ofori-Atta, on Wednesday, presented to Parliament, estimates of the revenue and expenditure of the government for January...
Stanbic Bank Ghana has been named Bank of the Year, 2020 by the Banker Magazine, a British international financial affairs publication.
The award is in recognition of Stanbic Bank Ghana’s excellence in strategic banking and innovation.
The award noted Stanbic Bank’s strong financial performance and impactful response to the COVID-19 pandemic...