Author: Nerteley Nettey
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Bank of Ghana raises Monetary Policy Rate to 14.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 100 basis points to 14.5% percent. This is the first time the Central Bank has increased the key rate since May this year, after being maintained at 13.5% for two consecutive times. The rate, which is of keen…
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Enterprise Life launches Annuity Prime Product
A part of efforts to increase insurance penetration in the country, leading life insurance underwriting company in Ghana, Enterprise Life, has launched a new insurance package, primarily for the persons who are 60 years and above. The product, “Annuity Prime” which is also targeted at pensioners is a single product endowment and is designed to…
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2022 Budget: 1.75% tax imposed on MOMO, other electronic transactions
As part of efforts by the government to rake in more revenue for the country, government has slapped a 1.75 per cent levy on mobile money and other electronic transactions that exceed GH¢100 per a day. The levy called ‘Electronic Transaction Levy or E-Levy’ is contained in the 2022 budget. Delivering the 2022 budget statement…
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Reversal of 50% benchmark value policy commences on November 15
Effective Monday, November 15, revised selected items cease to enjoy 30% and 50% discount on benchmark or invoices for vehicle and general goods. The items include, sugar, noodles, palm oil, roofing sheets, toilet paper, facial tissue and towel, chocolates, Portland cement, clinker and mosquito coil. Other items also include vehicles, ceramic tiles, aluminum products, cartons,…
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QIC launches Golden Age Comprehensive Insurance Policy for ‘Baby Boomers’
The Quality Insurance Company Limited (QIC) has launched an enhanced comprehensive motor insurance product dubbed “Golden Age Comprehensive Insurance” Policy exclusively for baby boomers in the society. According to the Company, this unique insurance product, is targeting people born between 1946 and 1964 (baby boomers) because they are better drivers and have disposable income to…
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G-Money hits 2 million subscription mark within first 20 months of operation
GCB Bank’s mobile money wallet service, G-Money has reached its two millionth customer mark since its inception 20 months ago. The platform which was launched in January 2020 is accessible via a host of channels such as USSD, the bank’s mobile banking applications, ATMs, point of sale devices among others. Speaking at the launch of…
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G-Money launches ‘Win like a Gee’ Promotion
G-Money, GCB Bank’s innovative mobile money wallet service, has launched a new promotional campaign dubbed “Win like a Gee” to reward its fast-growing customer base. The main objective of the six-month-long campaign, is to increase product uptake by rewarding customers and agents through the creation of awareness and educating the public of the benefits of the…
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GIPC and UNDP engage stakeholders on SDG Investor Map Utilisation
The Ghana Investment Promotion Centre (GIPC), in collaboration with the United Nations Development Programme (UNDP), held its first breakfast meeting on the Sustainable Development Goals (SDGs) Investor Map utilization, with the goal of channelling investments into major investment opportunity areas identified in the SDG Investor Map for Ghana. The SDG Investor Map which was initiated…
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Ghana won’t return to IMF for financial support – Ofori-Atta reiterates
Finance Minister, Ken Ofori-Atta has downplayed reports that government is considering the option of returning to the International Monetary Fund, IMF, for some financial support to help stabilize the economy. Some economists and finance professionals have already predicted that the country will secure a program from the fund to help deal with the current revenue…
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BAGAIA compliments Ghana for establishing Aircraft Accident Prevention Bureau
The Commissioner of the Banjul Accord Group Accident Investigation Agency (BAGAIA), Charles Irikefe Erhuehon Monday complimented Ghana for establishing the Aircraft Accident, Incident Investigation and Prevention Bureau (AIB). Charles Irikefe Erhuehon made the commendation at a technical committee meeting in Accra to deliberate on the way forward regarding investigating aircraft accidents within the sub-region. The…