Consumer inflation eased further in December 2023 - closing at 23.2 percent, down from November's 26.4 percent per data from the Ghana Statistical Service (GSS). This 3.2 percentage point decline aligns with forecasts, providing relief from the previously higher and persistent inflation. Cumulatively, inflation dropped 30.4 percent during 2023 while average...
The Importance of Defining Roles Clearly In the dynamic corporate governance landscape, clearly defined roles facilitate smooth operation and are pivotal in steering the organisation towards its strategic objectives. A vivid outline of responsibilities ensures that every financial process is undertaken judiciously, maintaining a balance between strategy and day-to-day management....
In a surprising turn of events, the headline inflation rate has dipped from 43.1 percent in July 2023 to 40.1 percent in August - defying market expectations. The Ghana Statistical Service’s (GSS) latest data indicate that the decline can largely be attributed to a decrease in food inflation - a...
I. Henley & Partners A. Introduction to Henley & Partners Henley & Partners, a renowned global firm, stands at the forefront of citizenship and residence planning. With a remarkable track record, this pioneering company has empowered countless individuals, families, and businesses to access the world through top-ranking passports. Their experience and...
SEC outlines strategies for market stability Bankers upbeat about long-term growth outlook Key players in the financial sector are upbeat about the recovery of the broader economy in general, and the sector in particular, with a raft of initiatives outlined to ensure a successful return to the path of...
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...
Definition of Credit Bureau Agencies Credit bureau agencies are specialised organisations that gather, maintain, and share credit information about individuals and businesses. They play a vital role in the financial ecosystem by giving lenders insights into a borrower’s credit history, outstanding debts, payment behaviour, and overall creditworthiness. These agencies thus...
posts GH¢32.8m after tax Despite facing economic challenges in the year under review, Zeepay - a prominent player in cross-border payments operating as an innovative mobile money firm - grew its pre-tax profit to GH¢43.9million at the close of 2022, its annual report for the period has shown. Following a...
Consumer inflation rose to 42.50 percent in June 2023 from 42.2 percent the previous month, in line with expectations. The rise, Ghana Statistical Service (GSS) said, is attributed to renewed price risks stemming from the implementation of revenue and utility tariff measures in May of this year. It was driven primarily...
The Internet has undeniably changed how we live, work, and communicate. Since its inception, it has played a pivotal role in transforming lives and societies across the globe. From revolutionising access to information to connecting people worldwide, the Internet has broken down barriers and created once unimaginable opportunities. Its...