The possibility of central bank losses may look like a "science fiction story" in most developed countries. It is indeed expected that a central bank carrying out traditional central banking functions in a stable macroeconomic environment will make profits. However, in the unstable macroeconomic environment of many developing countries...
In recent years, e-commerce has been rapidly growing in emerging markets, driven in large part by the increased penetration of mobile phones and Internet access. As of 2023, e-commerce sales in emerging markets are projected to reach over US$3trillion, with Asia and Africa leading the way in terms of...
With a growing chorus of voices calling for the African Union’s admission to the G20, that outcome looks increasingly likely. Many of the group’s most prominent members, including the United States, China, Japan, Germany and France, have endorsed full membership for the AU, which Indian Prime Minister Narendra Modi...
“Who said it was raining?” This question, simple on the surface, touches on the very core of our global dialogue. It raises issues of perspective, communication, and understanding intrinsic to the concept of civilization.
Evoking the timeless journalistic axiom, “When someone tells you it is raining, and another tells you...
...AI as the new frontier of human dependency for business growth and performance
Intelligence it is said comes from learning and whether you’re human or machine, there is no second opinion that the emergence of Artificial Intelligence (AI) is transforming businesses in this modern landscape. The rapid development of AI...
Financial technology (Fintech) innovations are becoming the mainstay of the global financial sector and user responses to these innovations have been remarkably positive and embraced at an unprecedented scale.
Today, the adoption and usage of fintech innovations particularly those facilitating payments are shown to have surpassed the volumes and values...
“Let’s make the African market the market of Africans. Produce in Africa, transform in Africa and consume in Africa. Let’s produce what we need and let’s consume what we produce instead of importing” - Thomas Sankara, former president of Burkina Faso.
In 2020 the World Bank stated that implementing the...
“There is no beauty, but the beauty of action.” – Moroccan proverb
At the heart of every nation lies its culture - a complex interplay of values, norms, beliefs and behaviour shared by its citizens. This culture serves as a mirror, reflecting the aspirations, ideals and, unfortunately, vices of its...
…mitigating potential pitfalls
Commercial Paper (CP) notes play a crucial role in the Ghanaian financial landscape, providing financial institutions and corporations with a flexible and efficient means to raise short-term funding for working capital purposes, payroll and other short-term needs. This short-term financing instrument with maturities ranging from a...
Ghana’s tax laws not only require the payment of taxes, but also require certain compliance obligations on the part of taxpayers. These obligations include registering with the tax authorities regarding a particular tax, acting as a withholding agent, filing returns, making payments on time, and keeping proper records.
Non-compliance with...