The possibility of central bank losses may look like a "science fiction story" in most developed countries. It is indeed expected that a central bank carrying out traditional central banking functions in a stable macroeconomic environment will make profits. However, in the unstable macroeconomic environment of many developing countries...
General Manager at MTN Northern Business District, Nii Adotey Mingle, has revealed that the telco recorded mobile money (MoMo) transactions worth GH₵1.7trillion in 2022 as compared to GH₵9.2billion in 2021.
Mr. Mingle said the figures were contained in the Bank of Ghana’s (BoG) 2022 summary of economic and financial data.
He...
Basel Core Principles could impact bond ratings
The sovereign default status and negative equity of the Bank of Ghana (BoG) could potentially lead to conflict with international financial sector regulations, particularly the Basel Core Principle recommendations on risk weights for different asset categories, a banking consultant, Dr. Richmond Atuahene,...
Consumer inflation rose for the third consecutive month to 43.1 percent in July 2023 from 42.50 percent the previous month, according to data from the Ghana Statistical Service (GSS).
After declining consistently from January to April, headline inflation increased in May and June on account of higher food prices, implementation...
Policy solvency is a fundamental aspect of central bank management, representing the ability of a central bank to maintain and restore its financial stability while fulfilling its policy mandates. The recent financial results of the Bank of Ghana have brought to light significant mismanagement issues, including a massive operating...
GCB Bank PLC, has partnered the King’s College and the Faculty of History at the University of Cambridge tosponsor an authors' conference on the political economy of Ghana.
The event which took place on July 26 and 27, 2023 at the Cambridge University, was focused on historical review spanning...
Impact Investing Ghana (IIGh), the national advisory board for impact investing in Ghana, has joined 2X Global to deepen the impact of capital flowing into crucial thematic investment areas, particularly those related to gender equality.
2X Global is a global membership and field-building organization focused on unlocking gender-smart capital at...
Securing a sustainable future for generations is at the heart of the United Nations Sustainable Development Goals. The future sustainability of planet Earth is under threat because of irresponsible consumption and production patterns. This issue has been highlighted by the United Nations. According to the UN
If current consumption...
As the second half of 2023 unfolds, the domestic fixed-income market faces the prospect of increasing state borrowing on the money market even as government gears up to address higher refinancing obligations and fulfil various fiscal activities.
Experts anticipate government to refinance maturing bills estimated at GH¢31.01billion in Q3-23, a...
The Ghana Revenue Authority (GRA) will on August 15 this year start withholding 10 percent tax on the gross winnings of all betting, gaming, lotto and other games of chance across the board.
This decision, the Authority says, follows passage of the Income Tax (Amendment – No 2, Act 2023...