Author: Lawrence Segbefia
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Prudential Bank attains ISO Certification for Information Security Management
As part of efforts aimed at meeting the Bank of Ghana’s requirements for security in the financial sector, Prudential Bank Ghana has acquired an ISO certification. The ISO certification is an information security management standard that provides organizations with a framework for securing and protecting confidential and sensitive data. According to Prudential Bank, it attained the ISO 27001:2013…
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Hollard Ghana CEO made UGBS ambassador; pledges to bridge industry-academia gap
Group CEO of Hollard Ghana Holdings, Patience Akyianu, has said the insurance company is committed to bridging the gap between academia and industry by creating a pool of talented and ready students for the local and international job market. Mrs. Akyianu said this on Thursday, March 5, 2020, after she was unveiled as an Ambassador…
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AfDB satisfied with Ghana’s macroeconomic stability; set to release $600m cocoa loan
The African Development Bank (AfDB) says it will soon transfer a 600 million dollar loan facility it approved to COCOBOD to help grow Ghana’s cocoa sector. The agreement for the funds was signed in November 2019, but the money is yet to hit the accounts of the Bank of Ghana, due to procedural arrangements. Speaking…
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GUTA begs banks to lessen pressure on its members as Coronavirus slows their businesses
The Ghana Union of Traders Association (GUTA), is pleading with banks that lend to its members to help alleviate the pressure that may befall them as the spread of coronavirus poses a threat to their activities. According to the Association, most of its small scale business owners have been the biggest causalities in the outbreak…
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Corporate Ghana still relies on cheque payments; individual cheques drops significantly
The Ghana Interbank Payment and Settlement Systems, GhIPSS, says even though the use of cheques among individuals has decreased, the number cash cheques cleared by companies keep increasing. According to GhIPSS, the value of cash cleared through cheques went up significantly in 2019 reaching over 207 billion cedis. Speaking to Citi Business News, the CEO…
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No pension fund was lost during financial sector clean-up – NPRA
The National Pensions Regulatory Authority, NPRA, says it is enforcing the rules on how to invest pension funds to protect workers’ funds. Following the financial sector clean-up undertaken by the Bank of Ghana, some financial observers warned that the situation could have a spillover effect in the pensions sector if pension funds were invested in…
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Reduced trade activities in China cause of Cedi’s performance – Franklin Cudjoe
The President of policy think tank, Imani Africa, Franklin Cudjoe, is calling for more sustainable measures from the Bank of Ghana to stabilize the cedi despite the local currency’s recent stability. The Cedi has in recent times seen some relative stability, appreciating by 4.5 percent on year to date basis. Speaking to journalists on the…
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Gov’t must stick to commitment on debt management this election year—Economist
A Senior Economist with investment firm, Databank, Courage Martey, has urged government to be cautious of its expenditure this election year. He maintains that even though the Finance Ministry has shown the commitment not to overspend, there is the need to remind the government to stick to its plan debt management strategy. Since the year…
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Banana production: Occupational Health & Safety Initiative launched to protect farmers
As part of efforts aimed at improving the conditions of farmers in banana production in Ghana, the Ghana Association of Banana Producers has adopted a working manual to enhance the safety of farmers. The manual, known as ‘Banana Occupational Health and Safety Initiative’ will also help banana producers in Ghana meet international requirements before exporting…
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Pension enrollment in informal sector must be improved – CEO of Axis Pension Trust
Some stakeholders in Ghana’s pension sector have called for measures to improve pension enrollment among the informal sector of the economy. Even though Ghana’s informal sector is made up of the biggest working group, less than 2 percent of the people operating in that area have not signed on to any form of pension contribution.…