Category: Top Stories
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Financing agric sector alone not enough to grow it – GIRSAL CEO
The Chief Executive Officer of Ghana Incentive-Based Risk-Sharing System for Agriculture Lending (GIRSAL), Kwesi Korboe, has reiterated calls for the creation of a conducive environment for agribusinesses to grow in the country. According to him, financing the agricultural sector alone is not enough to grow the sector, though it is important. His call follows various…
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Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister
The Minister of Food and Agriculture Dr. Owusu Afriyie Akoto, has reiterated government’s plan to introduce legislation that will compel banks to lend more to the Agriculture sector. He made the remark at the launch of the Agriculture Stakeholder Convening and Advocacy Platform (ASCAP) by GIRSAL in Accra. The platform will seek to engage government…
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AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade
The African Continental Free Trade Area Secretariat (AfCFTA) has called for the accelerated development of key infrastructure in areas like transportation across the continent, to fast-track trade under the AfCFTA. The remark was made at the Ghana Trade Roadshow held here in Accra on Wednesday. Despite decades of common market agreements within different economic blocs…
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Financial transactions will be allowed even without Ghana card from 1st July – GAB assures
The Ghana Association of Banks has assured that despite the end of the period given for customers of financial institutions to update their data with the Ghana Card, they will be able to still carry out banking transactions even without the card. The directive regarding the update of the data of customers of financial institutions…
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Enterprise Group PLC records 37% rise in revenue in 2021
Leading Insurance Company, Enterprise Group PLC, has recorded an increase in revenue of 37 percent for the year ended 2021, amounting to GHS1.16 billion. This growth in revenue, according to the company, resulted in profit after tax of GH¢122 million for the year under review. This however represents a decrease in profit after tax compared…
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Prices of petrol, LPG to fall by 4% in first pricing window of July – IES
Consumers of petroleum products, can heave a sigh of relief as the price of petrol is expected to go down by about 4 percent per litre at the various pumps in the country in the 1st pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). This…
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Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report
The value of losses recorded as a result of fraud in Banks and Specialized Deposit-Taking Institutions in Ghana in 2021, witnessed a significant jump, rising to GH¢61 million as compared to a loss of GH¢25 million in 2020, representing a 144 % increase in year-on-year terms. This was captured in the 2021 Banking, Specialised Deposit-Taking…
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NIB MD laments cost of borrowing for private sector
The issue of private-sector lending continues to remain a problem as stakeholders in the banking sector have expressed worry about the high cost of borrowing for the actors in the private sector. Managing Director of the National Investment Bank, Samuel Sarpong, in interaction with Citi Business News, attributed the crowding out of private-sector lending to…
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Kwahu Summit to focus on Africa’s economic transformation under AfCFTA – APN
Stakeholders in the trade and industry sector are exploring ways by which the business community can connect to bigger players across the continent to expand through the African Continental Free Trade Area (AfCFTA) agreement. For this reason, the Africa Prosperity Network (APN) has introduced the Kwahu Summit to allow for African heads of state and…
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Ghana has the 4th cheapest average cost of internet in Africa – Statista
Data from a leading provider of market and consumer data, Statista shows that Ghanaians enjoy the 4th cheapest internet data in Africa. Africa is said to have some of the highest costs of internet service, often blamed for the low rate of internet penetration on the continent. Equatorial Guinea currently has the most expensive price…