Commercial Paper (or CP) notes are firmly integrated into the core of Ghana’s financial landscape.
Consequently, Ghana Stock Exchange (GSE) is actively pursuing self-regulatory status from the Securities and Exchange Commission (SEC) in a bid to simplify the regulatory framework for the commercial paper (CP) market and bolster investor confidence.
The...
On the occasion of World Youth Skills Day, which falls on July 15, a labour statistics report by the Ghana Statistical Service (GSS) suggests that over 1.5 million youth between the ages of 15 and 24 are classified as Neither Employed, Educated nor Trained (NEET).
The report’s findings were captured...
A World Bank report highlights how rising inflation rates in the country have led to serious food insecurity and poverty, with nearly 850,000 Ghanaians pushed below the poverty line in 2022.
Titled ‘Price Surge: Unravelling Inflation’s Toll on Poverty and Food Security’, the report shows how internal and external factors...
State-owned firm Volta Aluminium Company Limited (VALCO) needs some US$600million capital to revamp its operations.
VALCO is in desperate need of a fresh capital injection to retrofit its aging machinery and move the smelter to more than 7.5 times its current installed production capacity.
The country’s only aluminum smelter wants a...
According to the Cybercrime Unit of the Criminal Investigation Department (CID), an amount of US$19million was lost to cybercrime in 1,097 cases reported in 2020.
Indeed, Cyber fraud is becoming a menace to efforts at digitalising the economy to benefit from opportunities in this era of digital economy. Across developed...
In its last three meetings, the Monetary Policy Committee of the Bank of Ghana decided to hike the policy rate twice - in the January and March sessions - while maintaining the rate in May this year (2023).
However, as the Committee prepares for its July meetings scheduled from July...
Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, is advocating for fast-tracking legislation to streamline the operations of non-profit organisations (NPO) in a bid to strengthen the country’s anti-money laundering regime.
Dr. Adam told Parliament it is high time a law was established to streamline the operations...
Government’s recently reached agreement with local banks to restructure approximately GH¢15billion (US$1.35billion) of domestically issued USD bonds and cocoa bills appears to have run into trouble.
Under the agreement, the USD bonds will be converted into two-term loans with lower interest rates, while the cocoa bills will be transformed into...
The rate at which medical practitioners are leaving the shores of Ghana is cause for grave concern if nothing is done to stem the tide, because it will negatively impact the country’s healthcare delivery.
According to Head-Department of Surgery, Korle-Bu Teaching Hospital (KBTH), Professor J.E. Mensah, at least three medical...
The country’s four financial sector regulators have failed to publish their respective annual reports, raising concerns among industry experts and stakeholders alike.
Consequently, they warn that failure of the Securities and Exchange Commission (SEC), National Insurance Commission (NIC), Bank of Ghana (BoG) and National Pensions Regulatory Authority (NPRA) to publish...