GCB Bank Plc has successfully completed the first Pan-African Payment and Settlement System (PAPSS) client transaction in Ghana.
The transaction involved a Ghanaian incorporated entity initiating a supplier payment from GCB in Ghana cedis to a beneficiary in Nigeria - who received the payment in naira instantly.
This innovation revolutionalises the...
The report of a five-member ad hoc Cabinet committee set up by President Nana Akufo-Addo on the implementation modalities to enhance domestic production in some 20 selected products, on which the country spends more than US$10billion importing yearly, is ready for implementation.
Once confirmed, it is expected the Minister-designate for Trade and Industry, who is...
Government will attempt to drive interest rates of key money market instruments - particularly Treasury bills across the 91, 182 and 364-day tenors - to as low as 15 percent in an aggressive move to reduce its cost of borrowing by taking advantage of the high demand environment for...
The Managing Director-Ghana Stock Exchange, Abena Amoah, has been named among the top 20 Women Leaders in the World Federation of Exchanges (WFE) annual Women Leaders List.
The WFE’s Women Leaders initiative aims to shine the spotlight on some of the talented and gifted women in our industry.
In a statement,...
The country needs an investment of US$10 billion to completely transform the entire agriculture value chain over the next ten years, Chief Executive Officer (CEO) for Chamber of Agribusiness Ghana, Anthony Serlom Morrison, has said.
The investment, which he says could be raised from both the public and private sector,...
Wednesday is International Women’s Day. Since 1975, the day has been marked annually under the auspices of the United Nations (UN) to celebrate the successes of women and draw attention to the unique challenges they face. It is a day to reflect on efforts being made to deal with...
In the blockchain industry, gender disparity continues to be apparent, where women's involvement and representation are noticeably lower compared to men. Although the exact numbers vary depending on the source and the specific industry area being analysed, studies consistently show that women are underrepresented in blockchain and cryptocurrency in...
Successful implementation of the Domestic Debt Exchange Programme (DDEP) could impact positively on growth and expansion of the country’s financial technology firms (fintechs), president of the Ghana Fintech and Payments Association, Martin Kwame Awagah, has said.
According to him, the programme, which secured over 80 percent participation at its closure...
exceeding revenue targets by GH¢6.5 bn over three-year period
The Ghana Revenue Authority (GRA) has accomplished extraordinary achievement in exceeding the authority's revenue objectives throughout a three-year period under the direction of Commissioner-General Rev. Dr. Ammishaddai Owusu-Amoah.
With a combined target of GH¢171.66 billion, the GRA was able to generate...
Investment portfolios have recovered their market values, reaching their highest level since November 2022 following the Securities and Exchange Commission's (SEC) directive to adopt the mark-to-market valuation approach.
This improved confidence in the market is attributed to successful settlement of the Domestic Debt Exchange Programme (DDEP).
According to market sources prices...