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...
A recent PwC report shows that although the banking sector is making progress toward gender equality, there is still a significant climb to reach anywhere near gender parity. Titled ‘Changing Currency’, the report with the tagline ‘examining trends and challenges of female participation in Ghana’s banking sector, sheds light on...
Members of the Committee on Foreign Affairs of Parliament paid a visit to the AfCFTA Secretariat last week and were briefed by the Minister of Trade and Industry, Alan John Kojo Kyerematen, who informed the delegation that AfCFTA will commence operation in January 2021. Tentatively, AfCFTA was scheduled to be...
Empirical studies show that SMEs contribute over 55 percent of gross domestic product (GDP) and over 65 percent of total employment in high-income countries. In the developed economies, small businesses are recognised as the main engines for growth and development because of their significant contributions to economic growth and...
A Communication Strategist, Mr. Yao Kuwornu, has urged the youth to be conscious and deliberate about building their personal brands. This, he said, will help make them more prepared for job opportunities and be successful in their careers. “Whether consciously or not, you are building some kind of brand; so being...
The Republic Bank and the Business and Financial Times (B&FT) held a breakfast meeting on Tuesday, June 22 themed ‘Digitisation, Artificial Intelligence and Future of Things: The impact and immense opportunities for Ghanaian businesses’, with the verdict that the coronavirus pandemic has provided an opportunity for businesses to be...
The Minerals Income and Investment Fund (MIIF) is committed to increasing local participation and ownership in the minerals sector. This will be achieved in collaboration with the Ghana Stock Exchange (GSE) and the Minerals Commission. In MIIF's quarterly outlook for March 2023, highlights that mining companies will be required to list...
Aware of the DDEP’s potential impact on the financial sector, steps are being taken to mitigate that impact by establishing the Ghana Financial Stability Fund to, among others, provide solvency and liquidity support to eligible financial sector institutions. The Financial Stability Fund (FSF) is finally set to come into play...
According to section 41 of the VAT Act, businesses are compelled to issue VAT invoices at all times - and failure to do so contravenes the law. It is to this end that the Ghana Revenue Authority (GRA) is continuing its arrests and clampdowns on non-compliant VAT-eligible businesses. Head of...
At the recently-held World Bank/IMF Spring Meetings in Washington, Minister of Finance Dr. Mohammed Amin Adam charged central bank governors to integrate climate risks and opportunities into monetary policies and financial regulation practices. According to him, this has become necessary to fortify economies against climate-induced vulnerabilities and catalyse a transition to a...

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