Banks with a capital adequacy ratio (CAR) of less than 10 percent of their assets have been asked to submit plans for recapitalisation, Bank of Ghana Governor Dr. Ernest Addison has disclosed.
The ratio - a principal financial soundness indicator - demonstrates banks ' ability to finance their long-term capital...
To deepen/facilitate digitalisation agenda
Train over 200,000 youth with ICT and digital skills
And generate more than 100,000 jobs within the first three years
MTN Ghana has cut the sod for construction of the Ghana ICT Hub to develop the country’s ICT ecosystem in the areas of Health, Agriculture...
…calls for reinstatement of wrongfully terminated workers
Secretary-General of the Trades Union Congress (TUC) Dr. Yaw Baah has reiterated that the TUC will not stand by for any worker in Ghana to suffer any abuse, humiliation or indignity for freely choosing to exercise their rights guaranteed by the Constitution, labour...
Deputy CEO of Development Bank Ghana, Michael Mensah Baah, says the bank will invest half a billion cedis in four key commodities by the end of 2023. This brings the total investment since its launch to about GH¢800million.
He made this known in a keynote address at the DBG-University of...
Research analysts at the Institute of International Affairs, Ghana (GhIIA.org) have commended Ghana for continuing to lead the ECOWAS sub-region in promoting female leadership in diplomacy and foreign policy. These assertions were made in a briefing session for journalists in Accra to mark International Women's Day 2023.
Miss Elizabeth Dela...
...an overview of jurisdiction, source and residence rules, and permanent establishments
Electronic transactions have become increasingly popular as they provide convenience, speed, and ease of access to various services and products. However, electronic transactions also pose challenges for tax authorities, as the nature of these transactions may make it difficult...
…as BoG chases excess liquidity
The Bank of Ghana (BoG) Governor, Dr. Ernest Addsion, has announced a reversal of the cash reserve ratio on local currency deposits for banks, raising it from 12 percent to 14 percent effective April 13 as part of measures aimed at addressing the mopping-up of...
The Bank of Ghana has reaffirmed its policy stance by increasing the Monetary Policy Rate to 29.5 percent, by 150 basis points(bps), citing the need to anchor inflation expectations towards the medium-term target of 8±2 percent.
Cumulatively, the MPC has hiked the policy rate by 1500bps on concerns to moderate...
A leading Ghanaian banker, Nana Dwemoh Benneh - Chief Executive Officer of the Universal Merchant Bank (UMB), has urged graduates of the University of Ghana to take advantage of the benefits of digital tools to establish themselves as entrepreneurs.
Nana Dwemoh Benneh made these comments at the 75th congregation ceremony...
The Ministries of Finance, Environment Science Technology and Innovation, Foreign Affairs and Regional Integration and the Environmental Protection Agency will tomorrow organise a Climate Prosperity Plan (CPP) event on the theme ‘Partnering with Private Sector: Building Climate Resilience through Climate Prosperity Plans’ .
The event is an opportunity for investors...