Navigating the storms of the new normal with digitalisation in the wake of COVID-19; a test case for indigenous banks “No product is made today, no person moves today, nothing is collected, analyzed or communicated without some ‘digital technology’ being an integral part of it. That, in itself, speaks to the overwhelming,...
There is a need to monitor and evaluate existing taxes introduced in the 2023 budget statement, Professor Peter Quartey, Director-Institute of Statistical, Social and Economic Research (ISSER), has argued; noting that this will lessen the tax burden on local businesses and consumers. He said proper evaluation will tell policymakers which...
Huge revenue losses associated with the outbreak of COVID-19 and projected losses due to the impact of the pandemic has pushed government to downgrade its Gross Domestic Product (GDP) growth from 6.8 percent to 0.9 percent. This was announced by the Minister of Finance Ken Ofori Atta during the presentation...
The National Pension Regulatory Authority (NPRA) has said that one of its major aims is to regulate the pension sector in a manner that would lead to poverty reduction nationwide. According to the NPRA, data available to the authority reveal that many people are faced with poverty issues immediately when...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally. At the AGM to present the...
Former Finance Minister Seth Terkper has demanded that the government presents accurate and transparent data about the economy’s true situation - especially with respect to the deficit figures as it prepares to present the mid-year budget this week. His comments come on the back of concerns raised by the minority...
The price of imported fresh tomatoes has sharply increased, as traders now have to travel up north to neighbouring Burkina Faso to buy fresh tomatoes for sale on the local market. This perennial shortage of the vegetable and reliance on Ghana’s northern neighbour to meet local demand for the commodity...
For everyone, 2020 was meant to be the year of growth and development with technology at the centre of this gradual growth until COVID-19 disrupted every aspect of everyone’s life. In Ghana, there are several moves to keep businesses going with institutions fast-tracking the introduction of technological-based products and services....
United Bank for Africa (UBA) Ghana Limited has introduced a flexible loan product designed to give easy access to credit to all government workers. UBA Ghana’s Chief Executive Officer and Managing Director, Olalekan Balogun, acknowledged the challenging economic situation due to COVID-19 and noted there is the need to stimulate...
Unilever Ghana Limited has published its 2020 half-year unaudited financial accounts. The company posted a revenue of GH¢204.1million for the period, compared to GH¢314million in the same period last year. The company explained that even though a decline in revenue was posted for the period compared to the corresponding prior...