Segregation of duties in the traditional lending process
Despite the innovation and technological advancements in Banking, the SoD policy still runs supreme in all its operations. Banking depends on trust, but it is not absolute. It is better to say “Trust, but verify.” Many friendships have been broken because...
The Africa Continental Free Trade Area (AfCFTA) Secretariat and African Export-Import Bank (Afreximbank) have signed a fund management agreement to raise funding support for party states and commercial entities in the area of trade.
As indicated by the secretariat, the estimated fund requirement for uninterrupted implementation of the AfCFTA agreement...
Upper West Regional Minister, Dr. Hafiz Bin Salih has expressed concern over the adulteration of fuel and the increasing cases of smuggling to neighbouring countries.
He stated that the region is not only notorious for the smuggling of agricultural inputs but petroleum products as well.
The Minister, therefore, called on the...
The current global aluminium market development is anticipated to drive potential gains of the Volta Aluminium Company (VALCO), as the government continues to intervene to bring back operations of the one-time mainstay of the Ghanaian economy.
According to the Chief Executive Officer of the Ghana Integrated Aluminium Development Corporation (GIADEC),...
“A people will grow when their elders start planting trees whose shade they will never enjoy”, some old saying goes something like that.
The word “Sustainability” could refer to the ability of an organization, a business, a person, a people, to continue over a longer period. It's highly relevant in...
Uncertainties surrounding the country’s ongoing access to forex are causing speculations on the FX market - which has effectively driven the spread between cedi depreciation on the interbank and the retail markets.
This is happening despite the central bank’s intervention on the FX market, through its bi-monthly FX forward auction as...
Managing Director of Absa Bank, Abena Osei-Poku, has paid a courtesy call on management of the Business and Financial Times (B&FT) to among other things discuss issues of mutual interest, partnership and collaboration between the two organisations. The visit is also to identify the opportunities each party can leverage to...
Data published by the Bank of Ghana have shown that consumers’ appetite for Internet banking has started slowing down.
An analysis of the Summary of Economic and Financial data (January 2022) indicates that the growth rate of Internet banking - both in terms of value and volume - slowed in...
Founder and CEO- KonneKt World, Phyllis Kuenyehia, has stated that to build a strong brand and attain success in any kind of business endeavour, mentorship is central to the process - as this makes it easier to identify best practices, avoid mistakes and be competitive.
According to her, structured mentorship...
…as market returns -0.81% for the period
Despite an uptick in activity, the Ghana Stock Exchange (GSE) saw volume and value of shares traded dip 64.98 percent and 45.09 percent respectively on a year-on-year (YoY) basis in January, according to data from the Accra bourse.
This comes as aggressive profit-taking anchored...