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...
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...
Finance Minister Ken Ofori-Atta is scheduled to present the 2020 Mid-Year budget on 23rd July, 2020 in accordance with Article 179 of the 1992 Constitution and the Public Financial Management Act 921. The 2020 budget is themed ‘Consolidating the Gains for Growth, Jobs and Prosperity for all’, with the...
According to the definition of Internal Auditing in the IIA's International Professional Practices Framework (IPPF), internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. Internal auditor helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve...
Nigerian banks plan to restructure over a third of loans after running into repayment problems due to the coronavirus pandemic, a member of the central bank monetary policy committee said.
A total of 17 banks have submitted requests to restructure over 32,000 loans for businesses and individuals, representing 33% of...
GH¢5bn in total circulation, up from GH¢20.5bn in 2018
GH¢276m, GH¢149m worth of GH¢200 and GH¢100 notes in circulation
GH¢50 note is highest in system at GH¢9bn
A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of...
Prudential Bank has donated Personal Protective Equipments (PPEs) to the Ghana Immigration Service (GIS) in Accra as part of efforts to help the fight against the COVID-19(Corona virus) pandemic in the country.
The PPEs worth thirty thousand GHC30, 000 included 10,000 pieces of gloves, 2,000 surgical masks and 20 gallons...
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,...
As part of efforts to protect frontline health workers in the fight against the coronavirus pandemic in the country, Kaaseman Rural Bank Limited at Sefwi-Kaase in the Bia East District of the Western-North Region, has presented personal protective equipment (PPE) and sanitary items to ten health facilities across its...
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...