The Bank of Ghana in 2015 raised the minimum paid-up capital requirement of all rural and community banks in Ghana from GH¢300,000 to GH¢1million. All the 141 rural and community banks were expected to raise their paid-up capital to GH¢500,000 by December 2016 and GH¢1million by December 2017.
As at...
Are you familiar with the feeling? Your heart pounds, your mouth feels dry and you start sweating. In an air-conditioned room! The MC has just announced your name and the audience is clapping enthusiastically as they wait for you to get up onto the stage. Instead of getting ready...
After an unsuccessful move to enter the Ghanaian market some three years ago, American businessman and financial expert Bob Diamond has told the B&FT he has not abandoned his plans, as he considers Ghana a very viable business destination.
“Our plans have always been to invest in 10 to 15...
Parliament’s approval of the Value Added Tax (VAT) exemptions on selected medicines would correspond to a thirty percent (30%) reduction on the NHIS tariffs on medicines and the private sector is also expected to make about thirty percent (30%) savings on the exemptions of VAT on the selected products,...
Mobile money transactions have come in as a handy means of deepening financial inclusion in our economy, as the Payment Systems Oversight report by the Bank of Ghana shows.
Mobile money transactions as at December 2016, reached GH¢78.5billion, which represents a 121percentage increase in growth compared to the GH¢35.4billion recorded...
MTN Ghana Foundation, the corporate social responsibility arm of the telecom giant, has said it has invested over GH¢55million in several socially responsible projects across the length and breadth of the country.
Focusing on education, health and entrepreneurship, the foundation noted that it has and continues to build school blocks,...
Ghana plans to issue a three-year domestic dollar bond next week to develop local funding sources to support the economy, deal arrangers told Reuters on Thursday.
The bond, open only to Ghanaians, is the second after a debut issue in October last year, a two-year bond with a six percent...
Apple shares have risen to a record high as the tech giant's iPhone X hit shelves around the world.
The launch coincided with strong results for Apple, with sales increasing by 12% to $52.6bn (£40bn) for the three months to September.
The tenth anniversary iPhone, which retails for £999, is Apple's...
Deputy Minister for Food and Agriculture, Kennedy Nyarko Osei, has been approved by Parliament after facing the Appointments Committee last Thursday.
The Akyim Swedru Member of Parliament was nominated by President Nana Addo Dankwa Akufo-Addo to replace William Agyapong Quaitoo, who resigned the post in August. Mr Quaitoo, also...