Author: Nii Larte Lartey
-
Ghana’s IMF debt ranking a bad investor signal – Lord Mensah
Finance Lecturer at the University of Ghana Business School, Professor Lord Mensah has expressed fears that Ghana’s already dwindling investor confidence will further be exacerbated as the government struggles to bring debt levels to a sustainable path. The economist’s comments come on the back of the International Monetary Fund’s (IMF) latest quarterly report which put…
-
Incomes of 22 million Ghanaian households decline post COVID-19
Almost half of the world’s population is currently impoverished. Extreme poverty according to the World Bank is the number of people living on less than US$ 2 a day. This is equivalent to about GHS 22. In Ghana, 22 million households are estimated to be living below the international poverty threshold. According to the Ghana…
-
BoG’s new headquarters befitting – Finance Minister
The Finance Minister, Ken Ofori-Atta, has called on all Ghanaians to rally and provide the Bank of Ghana with the needed support in the ongoing construction of its new head office. In an article titled “Citizens – Standing Strong with the Bank of Ghana,” Ofori-Atta urged the public to cease the uproar and opposition against…
-
Govt reopens domestic debt exchange program
Government has reopened its Domestic Debt Exchange Program (DDEP). This to enable individuals who could not sign up to the initial debt restructuring exercise but wish to participate do so now. With this announcement from the Ministry of Finance, the window has been opened for interested investors seeking to hold onto government papers as government…
-
NPA holds downstream compliance workshop for industry players
A three-day downstream compliance workshop to equip managers and supervisors of oil marketing companies (OMCs) with industry-related information began in Accra on Tuesday. Organized by the Business Development Department of the National Petroleum Authority (NPA), the workshop seeks to improve OMCs’ compliance with the Authority’s regulatory requirements and avoid sanctions. Opening the workshop, a Deputy…
-
BOG moves to tackle climate risk financing
The Bank of Ghana (BOG) in its quest to strengthen the financial sector has taken steps aimed at mitigating the impact of climate risk in the books of financial institutions. “The issue of climate risk is increasingly becoming a material risk, especially for institutions exposed to vulnerable sectors of the economy” says Governor. Dr. Ernest…
-
Global food price index declines in August
Strong supply conditions push international commodity quotations lower except for rice and sugar International food commodity prices declined in August, led by staples other than rice and sugar, the Food and Agriculture Organization of the United Nations (FAO) has reported. The FAO Food Price Index, which tracks monthly changes in the international prices of globally-traded…
-
Republic Bank slashes interest rates on all cedi mortgages
Republic Bank (Ghana) PLC has slashed its interest rates on all Cedi mortgages. Customers and prospects are being offered the lowest interest rate on all cedi mortgages from September 2023 until the end of February 2024. The Bank has been at the forefront of the mortgage business from its inception in 1990 as a Home…
-
2023 Citi Business Olympics slated for September 30
The annual ultimate corporate sports gathering, the Citi Business Olympics, is set to take place on September 30, 2023, at the Eden Heights Sports Complex in Weija. The event, which is powered by Citi TV with support from Citi FM, will bring together the best of the best from the corporate world to compete in…
-
Capital market access: Amin Adam stresses on fairness for African countries
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has emphasized the urgent need for a flexible environment for developing countries, including Ghana, to borrow freely from the international capital market. He believes that the current system, whereby development partners finance countries with stringent policy conditions, is impeding the socio-economic development of…