Category: Banking And Finance
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GRA launches new non-resident registration portal to mobilize GHC 1.7 billion
The Ghana Revenue Authority (GRA) has launched a non-resident E-commerce and Digital Service Registration Portal, which it says will help it collect about GH¢1.7 billion in revenue from online businesses like Netflix, Jumia, Alibaba, and Amazon among others. The operation of the portal is expected to commence from 1st April 2022. The launch of the…
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Stay away from ‘Freedom coin’ cryptocurrency – BoG warns public
The Bank of Ghana (BoG) has warned the public about an impending launch of a cryptocurrency named “Freedom Coin” in Ghana. According to a statement from the Central Bank, the cryptocurrency and its promoting company do not have any”approval from the Bank of Ghana to operate in the banking and payment sector”. The Bank reiterated…
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Ghana may not need the IMF if authorities take needed fiscal measures – Pierre Laporte
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte, says Ghana stands to benefit from going to the International Monetary Fund (IMF) if the country plans on going on an aggressive debt rescheduling program. President Nana Akufo-Addo and the Minister of Finance Ken Ofori-Atta, have on multiple occasions shot down…
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BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’
The Bank of Ghana is cautioning the general public against the patronage of a money-doubling scheme operating in Ghana under the name “BitCash Currency Exchange”. According to the Central Bank, the scheme which falsely claims to have its approval is a fraudulent one. A notice dated 8th March, 2022, warns the general public that the…
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Transparency with public on economic situation is key – World Bank Country Director
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte says it is key that government is transparent with the general public on the current economic situation the country finds itself in. Government recently expressed its unhappiness with credit rating agencies, especially after Moody’s downgraded Ghana’s long-term foreign currency sovereign rating…
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FBNBank partners WorldRemit to offer international money transfer services
FBNBank Ghana and digital payments company, WorldRemit, have announced a partnership that makes it easier for residents of Ghana to process international money transfers. This new service allows the Ghanaian diaspora and other nationals worldwide to send remittances to a network of 21 FBNBank branches and two agencies across Ghana, enabling their families and friends…
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Police reiterates call for financial institutions to procure fit-for purpose bullion vans
The Ghana Police Service has reiterated calls for all financial institutions in the country to resort to the use of fit for purpose bullion vans for their cash-in transit activities. The remarks were made after the Police in the Greater Accra Region thwarted an attempted robbery attack on a bullion van at the North Industrial…
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Access Bank appoints Pearl Nkrumah as first female Executive Director
Access Bank Ghana Plc. has appointed its first female Executive Director, Pearl Nkrumah, to lead the bank’s Retail and Digital Operations. Pearl Nkrumah, the newest addition to the nine-member Access Bank Ghana Board, assumed duty early February 2022. Pearl Nkrumah brings a wealth of banking experience to the board, with over twenty-three years’ practice in…
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ADB celebrates customers
The Agricultural Development Bank PLC has organized a Customer Appreciation Dinner for key customers in the Greater Accra region. The event which was held at the Labadi Beach Hotel in Accra was attended by more than 100 top customers of the Bank in the Greater Region was graced by the Managing Director and other top…
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World Bank assures of increased support for climate action in developing countries
The World Bank says it will ensure that countries that want to access facilities from it from 2023 show commitment in tackling climate change as well as compliance with the Paris Agreement. This forms part of the World Bank Group’s new Climate Change Action Plan that aims to deliver record levels of climate finance to…