In spite of the annihilative impact of the coronavirus pandemic on the country’s local currency, making it record its highest depreciation against the US dollar since the beginning of the year, the Bank of Ghana (BoG) says it expects the cedi to gain stability as pressure on it has...
It was all going well until…. Yes, many individuals, businesses and other organisations could identify with those words in the past few months. For businesses especially, this year looked very promising because of the upcoming general election in December - which would have increased government’s spending across all sectors.
But,...
…in managing workers’ anxiety
For organisations to effectively manage the anxieties of their staff, coming from fear of losing their jobs or dealing with salary cuts and other inconvenient situations emanating from the impact of the coronavirus pandemic, open and honest communication, as well as responsible leadership are key, human...
The Association of Oil Marketing Companies (OMCs) has said it will not allow any body other than the industry’s regulators to have oversight of their operations, saying such a move may cause damage to their machines.
This comes on the back of an announcement by the Executive Director of the...
African leaders have been cautioned to be circumspect with debt forgiveness calls, as they have a great tendency to not only disturb the bond market but also make it difficult for a successful future bond issuance by African countries.
Calls are rife that with the havoc caused to African countries...
Despite measures by the central bank to free-up capital for banks to support the private sector and hasten revival of the economy following the ruin caused by COVID-19, banks say they will remain extremely cautious about it as the hard times are affecting customers’ ability to pay back loans...
Demands accountability on unutilised ABFA
The management of petroleum revenues remains flawed with numerous challenges, ranging from lack of transparency in utilisation of funds and a deviation in the core mandate of the Ghana National Petroleum Corporation's (GNPC), among others, 10 years on from the commercial production of oil...
While other financial institutions are lamenting the negative impacts on their operations resulting from COVID-19, rural banks are fortunate to be on the other side - recording a surge in deposits.
Board Chairman for Okomfo Anokye Rural Bank-Kumasi, Kennedy Obiri-Yeboah, has stated that his rural bank actually experienced an increase...
Just like every other sector, the country’s banking industry could not escape the devastating impact of the coronavirus pandemic, as new data from the regulator shows declining profit growth rate and escalation in operating expenses.
The Banking Sector Report (May 2020) reveals that the industry’s profit-after-tax outturn was GH¢960.4 million...
African countries must look to their local and global bond markets to raise enough capital to reboot their economies, which have been severely ravaged by COVID-19, African banks bosses have noted.
Group Chief Executive Officer (CEO) of Ecobank, Ade Ayeyemi and the CEO of Equity Group Holding, James Mwangi noted...