Growing cryptocurrency transactions could disrupt the banking system and throw the Bank of Ghana’s (BoG), monetary policy regime out of order, Peter Quartey - Professor of Economics at the University of Ghana, Legon - has warned.
Cryptocurrency is secured digital representation of the money individuals use daily. With bank notes,...
Given the relative stability in the key drivers of the policy rate – particularly inflation and the exchange rate - the central bank has room to further clip its policy rate today, or at worst stay it at 20 percent some analysts have said.
“If we look at the period...
Government has, as part of its industrialisation drive, outlined measures aimed reviving all collapsed cashew processing factories in the country.
Key among the steps is a joint effort by the Ghana Export Promotion Authority (GEPA) and the Exim Bank to offer financial support for the retooling of troubled factories to...
The 22nd edition of the International Trade Fair, slated for February 28 to 7th March 2018, is expected to host all 216 districts across the country to showcase indigenous products and services as well as network with foreign partners.
For the first time in the history of the fair, the...
Aviation Minister, Madam Cecilia Abena Dapaah, has sent strong words of caution to British Airways (BA) as passenger complaints over treatments they receive from the airline continue to be on the increase.
She said the airliner risks facing some sanction if those complaints were not addressed with utmost urgency.
“If I...
After revoking two banking licences, the central bank appears not satisfied with the numbers, still, as it has come open and is “urging” mergers among the particularly undercapitalised local banks.
To meet the new GH¢400million minimum capital required of them, the banking sector regulator is “urging small and undercapitalised banks...
The Executive Chairman of Jospong Group of Companies, Joseph Siaw Agyepong, has said that the One District, One Factory initiative of the current administration has the potential of turning Ghana’s fortunes around by creating wealth and sustainable jobs.
He called for more support from government for indigenous private businesses to...
The agreement signed with Exxonmobil of America in respect of the Deepwater Cape Three Points oil block is among the best compared to other agreements signed in the past, as it is a culmination of lessons learnt in the ten years of the sector, Energy Minister Boakye Agyarko, has...
Government has paid GH¢3.1billion in Tier 2 pension funds to the custodial accounts of various labour unions’ pension schemes - a move that brings closure to a six-year tussle between government and the unions over management of the funds.
President Nana Addo Dankwa Akufo-Addo, in a meeting with the press...
The Volta Aluminum Company (VALCO) is expected to benefit from an additional 75MW of hydro power at a competitive price of US$0.035/kwh in the first quarter of 2018.
This will expectedly enable the aluminum smelting company to expand production from the current one pot-line to two pot-lines.
According to a report...