Bank of Ghana (BoG) data shows that the while coronavirus pandemic has severely bruised the country’s economy, leading to losses in most sectors, other sectors have started showing recovery even as early as the month of May 2020.
The data reveals cement sales and port activities have improved significantly in...
The COVID-19 pandemic onslaught has actually fast-tracked the country’s digitisation process. In many respects, it has enhanced the digital uptake pace.
However, PricewaterhouseCoopers (PwC) Ghana’s 2020 Banking Survey suggests that some workers in the banking sector face the imminent danger of losing their jobs following the COVID-19-induced digital transformation of...
Despite inflation surging to double digits in April as a result of a spike in demand for food and other essentials in anticipation of the lockdown announcement, Databank Research says there is hope that the rate will come down due to government’s subsidy on utilities.
In late March and April,...
The global economy will be shaped in the years ahead by three trends. The relationship between markets and the state will be rebalanced, in favor of the latter. This will be accompanied by a rebalancing between hyper-globalization and national autonomy, also in favor of the latter. And our ambitions...
First National Bank Ghana has launched ASPIRE (Accelerated Support for Pandemic Intervention and Relief Effort) to assist the government and its stakeholders in mitigating the impact of the COVID-19 pandemic.
ASPIRE is a rapid response fund to address the critical and immediate health care needs in Ghana. Richard Hudson, CEO...
The Amantin and Kasei Community Bank Limited, headquartered at Amantin in the Bono East Region, has supported the national fight against spread of coronavirus in the country by donating assorted items to deprived health facilities in its catchment area.
The items donated by the bank are ten Veronica buckets, ten...
The Central bank has announced the establishment of a new FinTech and Innovation Office to drive the Bank’s cash-lite, e-payments, and digitisation agenda. The regulatory body said the emergence of FinTech solutions has introduced significant complexities that require the sector supervisor’s focus, to understand and supervise effectively. The setting...
The Vice President, Dr. Mahamudu Bawumia, will, on Wednesday, December 22, launch the e-pharmacy digital platform in Accra.
The digitization of pharmacies, which will have the nation's pharmacies converged on one digital platform, is aimed at addressing the difficulties of roaming around looking for medicines in pharmacies.
It is also expected...
Amenfiman Rural Bank Limited at Wasa Akropong in the Wasa Amenfi East District in the Western Region has put together some relief interventions to cushion clients to ease the financial difficulties in this era of COVID 19.
The CEO of the Bank, Dr Alex Asmah, in an interview with Business...
The ECOWAS Bank for Investment and Development (EBID) has obtained a line of credit worth forty billion francs CFA from the Bank of Africa Group (BOA Group) for the financing of private sector projects aimed at boosting commerce and industries in the fifteen ECOWAS member-states.
Signing the loan agreement marks...