Tuesday, January 19, 2021
Indigenous banks are in for a tough time as analysis conducted on their latest financial results indicates that they need to raise as much as GH¢4billion to meet the central bank’s GH¢400 million minimum capital requirement. Out of the 16 Ghanaian-owned banks analysed by financial analyst and credit consultant Emmanuel...
Everyone is talking about the New Normal. Presumably, this New Normal will be our new way of life after several periods of lockdown and other uncomfortable restrictions have been lifted. The New Normal will determine how we eat, how we fly, how we attend funerals and weddings…and even how...
set to charge fees on Instant Pay, MoMo interoperability & ACH Direct waivers affecting GhIPSS’ sustainability fees charge takes effect from May 23 The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has said it is unable to continue waiving the fees it charged on services including Mobile Money...
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...
Success is for the daring. It is only those who are ready to press on in life that can succeed in any endeavour. That is what has accounted for the success of a young poultry farmer in Tamale, capital of the Northern Region in Ghana. He started life as...
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...
Ghana’s Coronavirus (COVID-19) situation has seen a significant jump by 158 new cases, the highest jump over 24 hours, to currently stand at 566 cases. According to a tweet by the Diseases Surveillance Department of the Ghana Health Service the virus has spread to 10 regions of the country’s 16...
The Executive Board of the International Monetary Fund (IMF) today approved the disbursement of SDR 738 million (about US$1 billion) to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence, and...
Ghanaian beverage manufacturer to upscale production of hand sanitisers Standard Chartered has announced that Kasapreko Company Limited, the Ghanaian beverage manufacturer that is undertaking mass production of hand sanitisers and alcohol hand rubs, has become the first client to make a drawdown under the Bank’s US$1 billion financing commitment to...
The 2017 District League (DLT), compiled by the Centre for Democratic Development and UNICEF, has revealed that the Upper West Region is now the best place to live in Ghana. The Upper West Region topped the league table as the region with the best security, health, sanitation, education and governance...