The current peak in cocoa futures has prompted President Nana Akufo-Addo to call on regulators of the cocoa sector in Ghana and neighbouring Ivory Coast to "devise new strategies" to cope with volatile global prices. Due to limited supplies, global cocoa grinders are paying up in the cash market to...
Over the last 15 years, one of the major developments that has revolutionized and disrupted the entire financial sector in Ghana is the emergence of Mobile Money Services (MoMo). Though MTN launched its Mobile Financial Services (MFS) in 2009, many Ghanaians were yet to warm up to it as a...
While members of the Pensioner Bondholders Forum continue picketing at the Finance Ministry, parliament has, as a matter of urgency, requested the Minister of Finance, Ken Ofori-Atta, to brief the House on details of the Domestic Debt Exchange Programme being implemented by government. Members of Parliament (MPs) are of the...
For the purpose of this research, token referred to a unit of bitcoin and other cryptocurrencies referenced thereof. Further, digital coin, digital currency, and digital token were used interchangeably to refer to bitcoin and other cryptocurrencies in the global virtual financial markets. Also, value per token, per-token value, price,...
The Ghana Export-Import Bank (GEXIM) this week launched its first GEXIM Made-In-Ghana (MiG) Town at its head office located at the Africa Trade House in Accra, opposite Cedi House. The GEXIM MiG Town is an outlet that stocks assorted, innovative and well-packaged Made-In-Ghana products including food and ingredients, beverages, skin and beauty-care...
The Development Bank Ghana has injected more than GH¢1billion into the private sector since its inception in June 2022, its Chief Executive Officer, Kwamina Duker, has revealed. This investment, he noted, has played a pivotal role in fortifying over 80 businesses, resulting in the creation of over 6,000 jobs. Thirty-eight percent...
The surprisingly challenging path of leading beyond ego Last week we uncovered the one trait that most business leaders around the world have in common: The inherent behavior of leading others with our egos at the forefront. We highlighted how this tendency is such a widely accepted norm in business...
The sharp, almost synchronised, pivoting by most of the world’s major central banks in raising interest rates has highlighted the growth-inflation trade-off that most countries now face. But it has given rise to another significant macroeconomic challenge – the Herculean task of balancing debt sustainability with climate-change mitigation and...
First National Bank Ghana has announced the appointment of Warren Adams as Chief Executive Officer (CEO), effective Wednesday 1 February, 2023. He takes over from Dominic Adu, who was appointed CEO after the acquisition and subsequent merger with GHL Bank in 2020. Until his new appointment, Mr. Adams served as...
Building experts have said the approach to address the housing problems in the country should be focused on taking advantage of the local materials available in the country for building and avoid the importation. According to Broadcast Journalist and Research Assistant at Institute of African Studies – University of Ghana,...