Saturday, December 3, 2022
Vodafone Business has advised rural banks in Ghana to take advantage of technology to drive business growth. Speaking at this year’s Association of Rural Banks Annual General Meeting (AGM) and Excellence Awards, Alfred Neizer - Vodafone Ghana’s Head of SME and SoHo said: "Lockdowns forced banks to take the customer...
Three trade leaders including the president of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng; the West African Regional Director of CUTS International, Mr. Appiah Kusi-; and Executive Director of the EXIM Frozen Foods Association-Ghana, Michael Obiri-Agyei, have described the central bank’s current policy as a rushed...
Access Bank Ghana Plc. has signed a Memorandum of Understanding with the Ghana Export Promotion Authority (GEPA) to partner the first edition of the Regional Women Icon Market Project. The partnership is in line with the bank’s objective of promoting financial inclusion and supporting the SME sector to thrive. The Regional...
The Institute of Economic Affairs (IEA) has described as worrisome the expectation that Other Financing Sources - international concessional and development partners - are expected to finance the entire projected budget deficit in the medium-term; that is, between 2023 and 2026. Data available in the budget statement suggest that the...
There’s no better time than now for Africa’s banks to rise to the occasion in financing the continent’s trade and development - which has the added opportunity of ensuring food security, slowing down soaring inflation and sustaining jobs while creating new ones, Sérgio Pimenta, Vice President for Africa at...
The Bank of Ghana Governor, Dr. Ernest Addison, has calmed nerves over the country’s depleting foreign reserves, saying once polices outlined by government and the Bank start bearing fruit the situation will come back to normal. According to the Summary of Economic and Financial Data (November 2022) published by the...
The execution of government's medium-term economic plans, backed by the International Monetary Fund (IMF), will bring the Ghanaian economy back to pre-COVID levels according to a market observer. However, the recovery process will be expensive for all stakeholders, Apakan Securities remarked in a post-2023 budget analysis. Per the 2023 budget, government...
Members of the Trades Union Congress have called on their Union to reject the 2023 budget statement and economic policy, warning that the proposals in it will deepen the country’s economic crisis. Citing the decision to ban further employment for civil and public servants, the increment of value added tax...
Odotobri Rural Bank Limited at Jacobu in the Amansie Central district of Ashanti Region, having made strenuous efforts to put the bank back on the path of growth and profitability, has recorded impressive growth in all indicators. The bank recorded a profit before tax of approximately GH¢4million in the 2021...
As stated in Articles 179 and 180 of the 1992 Constitution of the Republic of Ghana, the Executive is required to present an account of the management of the economy for 2022 and a Budget Statement for 2023 financial year to the Legislature for approval. The Budget Statement and...
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