Category: Top Stories
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RCBs urged to leverage technology to meet changing needs of customers
The Bank of Ghana, BoG, is urging Rural and Community Banks (RCBs) to leverage current technologies to meet the fast-changing needs of their customers. This, the BoG believes will help the RCBs remain relevant to the segment of the economy that is traditionally served by the sector. Speaking at the 21st annual Chief Executive Officers…
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Zeepay Ghana Limited tops Ghana Club 100 awards
Zeepay Ghana Limited has been adjudged the best company of the year at the just ended Ghana Club 100 awards organised by the Ghana Investment Promotion Centre, GIPC. The financial technology company emerged the number one company in the country after it beat ninety-nine (99) companies enlisted in the 19th edition of the Ghana Club…
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EU allocates 10 million Euros support for Ghana’s food security
The European Union (EU) has pledged an additional EUR 10 million to Ghana to support the most vulnerable populations facing an escalating global food security crisis exacerbated by Russia’s unprovoked and unjustified invasion of Ukraine. Announcing the new measure in Accra, the Deputy Head of the European Union Mission to Ghana, Mr. Pieter Smidt Van…
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Ken Ofori-Atta to preside over Ministerial dialogue of economies most vulnerable to climate change
Finance Minister, Ken Ofori-Atta of the Republic of Ghana will preside over the V20 Ministers of Finance Annual Dialogue IX this coming Sunday, 16 Oct 2022. The ministerial event, which is held every year alongside the World Bank-IMF Annual Meetings in Washington DC, will be attended by Finance Ministers from Africa, Asia, the Caribbean, Latin…
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Local contractors to drag government to court over 10 billion debt
The Ghana Chamber of Construction Industry has threatened to take legal action against government, for failing to pay over 10 billion cedis accrued debt it owes contractors. The contractors lament that for over four years now, government has stalled in paying contractors for work done. A situation they say is having a negative toll on…
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IMF paints gloomy picture for banks in 2023
The International Monetary Fund is predicting a gloomy picture for the banking sector in developing countries including Ghana in the coming year if global economic conditions do not improve. This was captured in the latest Global Financial Stability Report released by the IMF. The Government of Ghana embarked on a clean-up exercise of the banking…
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Ghana Club 100: All set for prestigious night of awards
The 19th edition of the esteemed Ghana Club 100 awards is set to take place on Friday, 14th of October, 2022, at the Kempinski Gold Coast Hotel in Accra. Under the theme “Ghana’s Private Sector, a Catalyst for Post-Pandemic Economic Transformation”, this year’s event will see outstanding Ghanaian companies ranked and honored, for standing the…
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Ghanaians to pay more for goods, services as inflation hits 37.2% in Sept
Ghanaians have no choice but to pay more for goods and services, as the country’s inflation rate keeps soaring. There is currently no end in sight with the inflation rate, which keeps defying measures put in place by government. The rate has moved from 33.9 percent in August 2022 to 37.2 percent in September 2022.…
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IEA welcomes BoG’s endorsement of proposal to cap government borrowing
The Institute of Economic Affairs (IEA) has welcomed the Bank of Ghana’s endorsement of its proposal to cap government borrowing to help rein in the public debt. As part of his press briefing on Thursday, 6th October, 2022 on the decision of the Monetary Policy Committee, the Governor is reported to have said that he…