The value of deposits and withdrawals using mobile phones for banking almost doubled in 2017, according data published by the central bank.
The value of mobile transactions rose to 155.8 billion cedis ($34.6 billion) last year from 78.5 billion cedis in 2016, Bank of Ghana said in a statement on...
Prudential Bank and UBA have offered the Cocoa Processing Company Limited (CPC) US$5million and US$10million guarantees respectively, to enable the leading cocoa processor to purchase cocoa beans for the production of chocolate and other cocoa products for export and local consumption.
Nana Agyenim Boateng, Managing Director of the company, disclosed...
AfDB funding seeks to promote local currency bond issuers and develop domestic capital markets across the continent
The Board of the African Development Bank has approved a loan ZAR 140 million (about US$10million) to the African Local Currency Bond Fund (ALCB Fund), to further enhance the Fund’s portfolio and promote...
The Minority in Parliament has urged the President, to remove Finance Minister, Ken Ofori-Atta from office for breach of the Public Financial Management Act, conflict of interest as cited in the CHRAJ report in relation to the us $2.25 billion bond issuance in 2017.
Addressing a press conference...
The tax revenue collection mobilised by the Ghana Revenue Authority’s (GRA) domestic division and processed through the Ghana Community Network Systems Limited’s (GCNet) Total Revenue Integrated Processing System (trips) in 2017 has hit ¢16 billion.
This is according to figures available to thebftonline.com from the systems operator (GCNet) and it...
Using an innovative finance tool to spur more development in low-income countries, IFC, a member of the World Bank Group, has announced the completion of a US$9million investment that aims to expand the availability of housing finance by US$500million in eight west African countries over the next four years.
The...
Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office told Reuters last week Thursday.
Patience Oniha said the country will also try to get back into the...
This year’s World Economic Forum Annual Meeting comes at a time of good news for the world economy. As we said in this month’s Global Economic Prospects report, for the first time since the financial crisis, the World Bank is forecasting that the global economy will be operating at...
The High Commissioner of India to Ghana, Birender Singh Yadav, has said that the stable political climate has inspired a lot of confidence in the economy among Indian investors, which is why they are flooding in.
“I think Indian investors have confidence in the economy because of the maturity of...