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Ghana losing out on blockchain tech—Analysts

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Stakeholders within Ghana’s Fintech industry say time is running out for the country to put in place measures to take full advantage of Blockchain technology. Blockchain which allows for the creation of digital public ledgers on which transactions can be permanently stored and verified, is yet to see mainstream application in Ghana. But speakers at the 23rd edition of the ...

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Cap interest rates at 3% above T-bill—Papa Kwesi Nduom

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Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has asked the Bank of Ghana to cap the interest rates offered by banks and other financial institutions at 3 percent above the Treasury bill rate. Currently the interest rate on the 91 day Treasury bill is at 13.3 % while the 182 day Treasury bill is at 13.9 %. Dr. Nduom contends ...

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Gov’t to launch digital platform to check vehicle insurance registration

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The Vice President, Dr. Mahamudu Bawumia has announced that government will soon launch a digital system that will link the data of insurance companies to the Drivers and Vehicle Licensing Authority (DVLA) to check vehicles that have been insured in real time. According to him, the system will boost insurance penetration and create a wealth of fund for investment. Speaking ...

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Ghana Post opens arms to tap into growing e-commerce services

Ursula Owusu Ekuful - Communications Minister

The Minister of Communications, Ursula Owusu Ekuful has challenged the Ghana Post Service to review its strategy and take advantage of the opportunities presented by e-commerce. The Minister admits to the major disruptions technology is having on economies and how Africa is positioned to benefit from the boom. The Ghana Post is mandated to undertake delivery services to various addresses ...

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Gov’t to build 30 warehouses to curb food price hikes

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The government intends to build about 30 warehouses nationwide for storage of foods in a bid to forestall surge in prices of crops in the country. According to a Deputy Minister of Agric, Dr. Sagre Bambangi, the Ministry is currently undertaking the necessary procurement processes for the establishment of the warehouses. He said the 30 warehouses are part of the ...

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Ban on small scale mining to be lifted this year

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The Ministry of Lands and Natural Resources has hinted it will lift the ban on small scale mining before the close of this year. According to the Ministry, the process to streamline the operations of the small scale mining sector is in its final stage. The ministry placed a six months ban on small scale mining in January 2017, following ...

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Ghana, Burkina Faso sign MoU to improve trade at borders

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Traders and importers who conduct business along the Ghana-Burkina Faso corridor should be relieved of some of the inefficiencies they face following the roll out of the Single Transit Guarantee Scheme. Per the scheme, traders and importers will pay a single premium on the onset of a journey to cover the cost of entire movement of goods on the corridor. ...

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Otumfuo asks NPA to step up efforts to ensure public safety

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The Asantehene,  Otumfuo Osei Tutu II has urged industry players in the petroleum sector to collaborate with in order to ensure effective product delivery, and economic growth. The Asantehene was speaking at his Palace in Manhyia when the Chief Executive of the National Petroleum Authority (NPA), Hassan Tampuli, led a delegation made up of some members of the board, directors ...

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COCOBOD CEO proposes price increase for smallholder Cocoa farmers

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Chief Executive Officer of COCOBOD, Joseph Boahen Aidoo is proposing a price increase for smallholder cocoa farmers as a way to sustain cocoa production without causing deforestation. Mr. Boahen Aidoo has cast doubt over a National Implementation Plan launched by the Ministry of Lands and Natural Resources to reduce deforestation and forest degradation in cocoa growing communities. According to him, ...

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World economy welcoming another financial crisis – Prof Hung Gay

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The global economy is heading towards another financial crunch as risky transactions continue in the financial industry. These are the strong words coming from a Professor of Finance of the University of Missouri, Hung Gay. It’s been a decade and over [in 2007] since the world faced a global financial crisis which triggered a series of disruptions to economies. Analysts ...

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