By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected]/ [email protected] The Treasury faces a potential hurdle in deficit financing as commercial banks, which hold over 35 percent of outstanding Treasury bills, are expected to gradually liquidate their holdings to fund credit creation, according to a note from GCB Capital. The...
Producer price inflation rate accelerated to 16.8 percent year-over-year in April 2024, according to the latest data from the Ghana Statistical Service. This marked a notable 1.5 percentage point increase from the 15.3 percent recorded in March 2024. On a month-over-month basis, it rose 4.1 percent between March and April. The...
Understanding the burn rate is crucial in the fast-paced world of startups, where every cedi matters. This metric measures how quickly a company spends its cash, serving as a financial fuel gauge for a young business. Burn rate refers to the speed at which a company spends its cash reserves...
The Ghana Water Company Limited (GWCL) has said it may be compelled to shut down its water treatment plant at Nawuni in the Kumbungu district of the Northern Region if the water level rises above 36ft as a result of the torrential rainfall and spillage from the Bagre Dam. The...
Africa is seen to be just at the beginning of the digital ecosystem, but among the few leading the continent’s digital innovation drive is the young South African entrepreneur, Dr. Mandla Lamba. “Driven by the purpose of God,” said Dr. Lamba, he envisions seeing African people economically free through pursuing...
Covid’s fastest surge this year slowing recovery African Covid-19 cases are surging at the fastest rate this year, with infections rising by 83% over the past week to 196,000, driven by both the Delta and Omicron variants. While deaths from Covid remain low in Africa, the continent’s lower vaccination rates heighten...
… extends filing of annual returns to December By Osei Owusu AMANKWAAH The Registrar-General’s Department (RGD), has indefinitely suspended its planned penalty increase from GH¢400 to GH¢450 which was expected to take effect from August 3, 2020. The Registrar-General’s Department (RGD), has indefinA statement from the department noted that it has extended...
The Institute of Economic Affairs (IEA), a think-tank, has described the nation’s four-year growth rate projection of 5.4 percent as low, and below its potential compared to the various policies outlined in the budget to resuscitate the economy from the impact of COVID-19. According to the Director of Research at...
Country Managing Partner for Deloitte Ghana, Daniel Kwadwo Owusu, has said that with the end of COVID-19 still unknown, banks need to capitalise on new opportunities and innovations to take decisions which guarantee their survival amid and beyond the pandemic. Speaking in a live conversation on the Ghana’s Most Respected...
CEO of E90 Ghana Limited, Fafape Ama Etsa Foe, has commended Vodafone Ghana for its mobile app initiative, Red Trader, a product created to provide digital solutions for traders especially during COVID-19 period. According to her, SMEs should take advantage of technology during this period for business continuity. “As SMEs,...