Author: Nerteley Nettey
-
Kwadwo Baoateng Genfi re-appointed as Board Chairman of EXIM Bank
The President, Nana Addo Dankwa Akufo-Addo, has re-appointed Kwadwo Boateng Genfi as the Board Chair of the Ghana Export-Import (EXIM) board. Kwadwo Boateng Genfi is an experienced Global Business Executive with comprehensive knowledge of leading-edge solutions and best practices in Financial Management, Trade, Asset Management and Working Capital Finance. He has an excellent understanding of…
-
Tony Oteng-Gyasi appointed as Board Chairman of GRA
The President, Nana Addo Dankwa Akufo-Addo has appointed Tony Oteng-Gyasi as the new Board Chair of the Ghana Revenue Authority, (GRA). The former President of the Association of Ghana Industries, and Managing Director and Chairman of Tropical Cable and Conductor Ltd will replace Professor Stephen Adei as the new Chair of the Board of the…
-
New SEC Board charged to work efficiently to drive economic growth
The Minister of Finance, Ken Ofori-Atta has inaugurated the Board of the Securities and Exchange Commission (SEC). The reconstitution of the Board was in line with the Securities Industries Act, 2016 (Act 929) as amended. Speaking at a ceremony to inaugurate the Board for the SEC, the Ghana Revenue Authority and the Social Security and…
-
Government urged to create regulatory framework to ensure success of vaccine production
Ghana’s vaccine production efforts will not be successful if it does not create a favourable regulatory environment to enable it deliver safe and effective vaccines within the African sub-region. This is according to the President and Founder of Mpedigree, Bright Simons. President Nana Akufo-Addo, during his 26th update on measures taken to reduce the rising…
-
Ghana’s economic outlook improving but with significant uncertainty – IMF
Despite Ghana’s gradual recovery from the COVID-19 shocks, the economy is still facing some significant uncertainty, including new pandemic waves and risks associated with large financing needs and increasing public debt. This is according to the concluding statement of the International Monetary Fund’s Executive Board following the end of Article IV Consultation with Ghana. According…
-
Government must review fertilizer subsidy programme – Chamber of Agribusiness
The Chamber of Agribusiness, Ghana, is asking government to take a second look at its fertilizer subsidy programme as it is not serving its intended purpose. This comes after suppliers of fertilizer for the Planting for Food and Jobs programme halted distribution of the product in April 2021 due to debt owed them by the…
-
Ghana signs $200M loan agreement with World Bank to aid vaccination programme
The Government of Ghana has signed an additional $200 million loan agreement with the World Bank to help the vaccination process. This is the second tranche of funds that government is receiving from the World Bank for the management of the pandemic. Addressing the media after signing the agreement, Finance Minister, Ken Ofori-Atta said the…
-
Piloting of digital currency in Ghana to begin in September 2021 – BoG
Ghana is set to commence the piloting of its electronic currency by September this year. This was disclosed by the First Deputy Governor of the Bank of Ghana, Maxwell Opoku-Afari. According to him, the introduction of the Central Bank’s Digital Currency (CBDC) is crucial as the pandemic has quickened the drive towards a cash-lite economy…
-
BoG urges companies to uphold corporate governance practices
Governor of the Bank of Ghana, Dr. Ernest Addison, has reiterated the need for the financial sector to uphold good corporate governance practices to enhance efficiency. According to him, corporate governance plays an important role in the financial sector as it helps to create a strong banking sector and enhance their financial intermediary role in…
-
Ghana removed from money laundering list
Ghana is no longer on the global list of high risk money laundering and terrorist financing countries, after it enacted various legislations to criminalise money laundering and fight the crime. This was made known by global money laundering and terrorist financing watchdog, Financial Action Task Force (FATF) on Friday, June 25, 2021. The country was…