The Minister for Communications and Digitalisation (MoCD), Ursula Owusu-Ekuful, has officially launched the National Communications Authority (NCA) Five-Year Strategic Plan (2024-2028) in Accra. The Authority’s Five-Year Strategic Plan’s development is in accordance with Section 3(b) of the NCA Act, 2008 (Act 769), and is aimed at setting clearly-defined goals and...
Government has engaged multinational Business Process Outsourcing (BPO) organisations in the country and is on the verge of introducing incentives that will enable them to expand while attracting more investments, according to Kojo Oppong Nkrumah, Minister of Information. BPO is a subset of outsourcing that involves contracting the operations and...
Domestic financial infrastructure is primed for a significant leap forward with the signing of a partnership agreement between the national switch, Ghana Interbank Payment and Settlement Systems (GhIPSS) and global electronic payment services provider, Visa. The landmark collaboration, formalised at GhIPSS headquarters in Accra and set to launch in May...
The country is expected to fork out approximately US$83.4million by March 31, 2024 as its initial subscription capital to the recently proposed Africa Energy Bank (AEB), which it is seeking to host. However, with the tight fiscal space that the country currently finds itself in, government has asked the Ghana...
In light of the significant opportunities that Artificial Intelligence (AI) holds for fostering sustainable growth and development in Africa, government has taken steps to oversee and regulate the technology's utilisation within the country. Currently, improved digital connectivity, growing data volumes, advanced algorithms and enhanced computing power are driving technological progress...
The government is urgently seeking to build on the momentum of its debt restructuring efforts, following the recent agreement with official creditors to restructure debts extended to the country up until December 2022. Having overcome this hurdle, Reuters reports that government officials will re-engage with its international bondholders from next...
The B&FT, Africa’s leading provider of business information, and Glico Group have pledged to deepen their existing relationship and explore areas of mutual benefits to spur growth. By leveraging their various expertise, experiences and collective strengths, the two entities aim to collaborate more through different innovative activities lined up for...
The cedi is expected to find relief in the near-term thanks to the successful debt restructuring agreement with external creditors, paving the way for restructuring the US$5.4 billion bilateral debt and anticipated inflows from the International Monetary Fund (IMF) and World Bank. Last week, the currency lost value against the...
The International Monetary Fund (IMF) executive board is due to meet on Friday to approve a US$600million rescue loan payout to Ghana, three sources have told Reuters, after the country reached a deal to restructure US$5.4billion of official creditor debt. The board date is expected to be published in the...
The domestic fintech space is poised for a major shift - driven by the explosive growth of Buy Now, Pay Later (BNPL) solutions, according to legal experts at fintech-focused Sustineri Attorneys PRUC. Its latest report the Ghana Fintech Report Q4 2023 projects BNPL to become the dominant trend, echoing the...