On May 4, the United States Federal Reserve raised its benchmark interest rate by half a percentage point in an aggressive attempt to curb surging US annual inflation, which currently stands at a four-decade high of 8.3%. And eurozone inflation reached a record 7.5% year on year in April,...
Green bonds have been a fast-growing market for years; however, recently the issuance of green bonds has skyrocketed. According to forecasts collated by Environmental Finance, Green bond issuance is expected to be US$790billion in 2022 - jumping about 50% from US$534billion in 2021.
Also, COP26 published Climate Finance Delivery...
The Strategic Youth Network for Development (SYND) has urged banks to adopt robust policies to guide their financing mechanisms for projects to ensure a safe ecosystem.
The non-governmental organisation (NGO), which seeks to achieve environmental sustainability through active youth inclusion in the governance of climate-related thematic areas, believes that as...
Consolidated Bank Ghana (CBG) has launched a programme to provide staff with relevant skills and knowledge in modern banking principles and instill in them a rigorous operations and control culture.
The programme which is expected to run for three years is dubbed ‘CBG Operations Academy’, and it is in collaboration...
With the rapidly depreciating macroeconomic condition, the management of local lenders, Calbank, has insisted that it would not sacrifice the quality of its loan book on the altar of expansion.
Recently-released data by the Ghana Statistical Service (GSS) indicates that inflation accelerated in April to 23.6 percent – its highest...
(recruitment and induction)
“It is only as we develop others that we permanently succeed”
Dear readers, last week I refreshed the topic of preventing internal fraud in banks through effective induction programmes for new entrants. In addition, there is a need for existing staff to be refreshed regularly while coaching and...
Vice President Dr. Mahamudu Bawumia has implored the University of Ghana Business School (UGBS) to provide solutions for businesses and government on issues of innovation in business and policy for mutual benefits.
According to Dr. Bawumia, educational institutions are strategically placed to champion the nation’s development aspirations. Against this background,...
The Power Planning Technical Committee (PPTC), the body responsible for the drafting of the 2022 Electricity Supply Plan, has stated that contrary to the claims by NDC Member Parliament and ranking Member of Parliament’s Mines and Energy Committee, John Jinapor, that ‘dumsor’ is imminent, there is no such risk.
The...
Market analysts have stated that investors appear to have remained numb to implementation of the electronic transactions(E-Levy), as concerns over incessant consumer inflation and the prevailing liquidity squeeze seem to have more priority in their thoughts.
As recently announced, consumer inflation now stands at double the central bank’s medium-term target...