By Wisdom JONNY-NUEKPE The Institute for Energy Security (IES) has criticised mismanagement of the Energy Sector Recovery Levy (ESLA), warning that its collateralisation has left the energy sector burdened with over US$2billion in debt after eight years. This, according to IES, raises questions about accountability and justification for the collateralisation, since...
By Deborah Asantewaah SARFO The management of B&FT, Africa’s leading provider of business information, has paid a courtesy call on the leadership of Access Bank in Accra. The visit aimed to explore collaborations with the bank on key initiatives that could positively impact the financial landscape in 2025. The Chief Executive Officer...
Asokore Mampong Rural Bank (AMRB) has recorded impressive operational performance for the year ending December 31 2023, achieving significant growth across key financial indicators. Speaking at the Bank's 3rd Annual General Meeting, the Board Chairman, Nana Boakye-Ansah Debrah I, attributed the success to strategic decision-making, enhanced operational efficiency, and strong...
By Prof. Douglas BOATENG The thumb has spoken, and with it, a new chapter in Ghana’s democratic story begins. Elections are the people’s ultimate voice, a reminder that power is not seized but granted by the collective will. Gracefully congratulating the victor is not merely a gesture of civility; it...
In a stunning turn of events, Vice President Dr. Mahamudu Bawumia has conceded defeat in the 2024 general election, congratulating former President John Dramani Mahama on what he described as a well-fought victory. This announcement came even before the Electoral Commission (EC) officially declared the winner, signaling a major political...
The 2024 polls to elect Ghana's leaders for the next four years have just begun. The process started on Monday with the special voting exercise. While there were some pockets of confusion, the Electoral Commission described it as smooth. Ghana, since it embarked on this democratic journey in 1992, is...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei Njoku The economy recorded a trade surplus of GH¢3.9billion in the third quarter of 2024, marking a stark improvement from a deficit of GH¢2.3billion in the same period last year. This turnaround was driven by a surge in gold exports which constituted...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU Inflation appears to be firmly back on the ascendancy, with its rate rising to 23 percent in November 2024 - up from 22.1 percent in October, according to fresh data from the Ghana Statistical Service (GSS). The increase reflects persistent price pressures...
A News Desk Report The International Finance Corporation (IFC) is making significant strides in strengthening Ghana's financial sector through its Financial Institutions Group (FIG). By focusing on key areas such as financial inclusion, SME development, and sustainable financing, IFC aims to foster economic growth and create opportunities for underserved groups. According to...
…Aviance ready for the challenge   The first direct flight from London Gatwick Airport to Prempeh I International Airport in Kumasi is scheduled to land on Friday, December 6, 2024, at approximately 9 am local time. Ethiopian Airlines will operate a Boeing 737-800 with a capacity for 154 passengers, comprising 16...