Author: Nerteley Nettey
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Clara Arthur writes: Embracing financial technology; the time is now
I remember early attempts by companies like Clydestone, CoreNett, SoftTribe, eTranzact, IT-Consortium just to mention but a few who saw the vision and the power of technology to improve financial services in the early 2000’s. These early bird tech companies worked in diverse ways, to provide financial technology services to banks. These attempts though were…
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Money Wisdom Series: Using your assets to create cash flow stream
Financial freedom and independence is realized through financial intelligence i.e. Your ability to create assets to generate and control CASH FLOW. You can only become financially independent when your income from your assets exceeds your monthly expenses. What most people don’t realize is that the salary mentality leads you to financial slavery because you work…
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Receiver given 10 days to respond to GN Savings’ suit over license revocation
The Receiver of GN Savings and Loans Company, has been given a deadline of May 21, to file a response to the suit challenging the revocation of the company’s license. The deadline was given after the Receiver failed to meet the 10-day period given to it and two other defendants to file their responses. The…
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Republic Bank supports construction of Infectious Disease Isolation & Treatment Centre with GHS200,000
As part of efforts to help curb the spread of the novel Coronavirus in the country, Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has made a GHS200,000.00 donation towards the construction of a 100-bed COVID-19 Infectious Disease Isolation and Treatment Centre. According to the Bank, the gesture is part of efforts to…
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Huawei ranks No. 2 globally and No. 1 in China amid COVID-19 in 1st quarter
Global smartphone shipments fell by 11.7% in the first quarter, according to IDC, a market intelligence firm. As the coronavirus epidemic spreads around the world, the shipments of the top 3 phone brands have been hit to varying degrees. The mobile phone market, which was expected to warm up, was in a downtrend in Q1.…
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Huawei’s wearables, PC and headsets contribute to steady growth despite the global pandemic
In June 2018, Huawei released the all-scenario smart life strategy, simplified as “1+8+N”, “1” refers to the smartphones that users frequently use on a daily basis, while “8” includes wearables, headphones, PC, tablet, speakers, glasses, vehicle-mounted devices, and Huawei Vision. Those are non-smartphone products which are frequently used in specific scenarios. “N” refers to tens…
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Economist urges BoG to further reduce policy rate amid COVID-19 troubles
As the Monetary Policy Committee (MPC) of the Bank of Ghana starts its meetings from today, Monday May 11, 2020, an Economist, Dr. Lord Mensah, is urging the Committee to further reduce the policy rate to bring some more relief to businesses and individuals hit by the impact of the COVID-19 pandemic. He explains that…
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GUTA demands modalities for disbursement of GHS600m loan to SMEs
The Ghana Union of Traders’ Association (GUTA), has asked government to come out with its modalities for the disbursement of the GHS 600 million loan support scheme for small and medium scale enterprises, (SMEs). The Association says the nature of the operations of its members, their huge numbers and capital needs, require that they have…
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Making Group Life Insurance compulsory in Ghana will cushion employees – NIC
The National Insurance Commission, NIC, says it is looking forward to the passage of the Compulsory Group Life Insurance Law as it would be useful to employees who may suffer damages or lose their lives to unpredictable situations such as the coronavirus pandemic. Group Life Insurance assures employees that in the unlikely event of death,…
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Money Wisdom Series: How to start a business with no capital or funding
One daunting task for every individual in the world is starting a business even for people who went to business school or have gained some experience working with a company. The confidence and boldness to start is a big deal coupled with the deeply rooted mindset of failure. However, the most successful and rich people…