Category: Top Stories
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Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep
Vice President, Dr. Mahamudu Bawumia has reiterated calls for stakeholders within the financial sector to introduce innovative ways to capture the unbanked into the digital payments ecosystem. Delivering the keynote address at the launch of “Ghana Pay”, a shared electronic wallet product, Vice President, Dr. Mahamudu Bawumia noted that this is critical to the acceleration…
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The crisis of debt and Oil price shocks: The looming storms in Ghana
According to the World Bank, Ghana’s economy faces the risk of collapsing by 2022 due to a looming debt crisis. We draw on history and current situations in some developing economies to shed light on this predicament, suggesting solutions that we believe can prevent us from being in recovery mode. The 1980s is wildly celebrated…
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Bank of Ghana receives Central Bank’s Fintech Policy of the Year 2022 Award
The Bank of Ghana has won the Central Banking’s FinTech Policy of the Year Award 2022 under the FinTech and RegTech Global Awards run by Central Banking. Central Banking Institute unveiled the winners of its fifth annual FinTech RegTech Global Awards on June 14, recognising the technological achievements of central banks, supervisors and commercial tech…
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Ghana ranked 7th best African Country for Entrepreneurs in 2022: Top 10 rankings
A new report compiled by the CEOWORLD magazine has found Ghana is the 7th best African country out of 10 to become an entrepreneur. The Entrepreneurship Index evaluates a total of 100 economies based on a wide range of factors to create an overall “best countries for entrepreneurship” index, including innovation, competitiveness, infrastructure, labour skills, access…
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Fuel prices to go up by over GH¢1 per litre soon – COPEC
It appears the woes of fuel consumers are not yet over, as the price of the commodity is tipped to increase by about 12 percent in the next pricing window of June 2022. This would mean that the average price of fuel is likely to increase by about GH¢1.33 per litre. While petrol prices are…
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Politics, uncoordinated actions slowing Ghana’s investment potentials – Ofosu-Dorte
Ghana is not standing tall as a fine investment spot among its counterparts on the African continent, mainly due to politics. Not only is partisan politics affecting the country’s investment potentials, but also the “lack of coordinated thinking and action”, a Senior Partner of AB & David Africa, David Ofosu-Dorte has said. For him, the…
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#CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”
The Citi Business Festival’s forum on understanding the Ghana opportunity saw its panellists discuss ways Ghana can become a more attractive destination for both local and foreign investors. The forum featured Yofi Grant, the CEO of GIPC; David Ofosu-Dorte of AB & David law firm; Juliet Asante, CEO of the Ghana Film Authority and Jacob…
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Chamber of Telecommunications calls for more investment into Technology to improve livelihoods
Despite recent improvements in key areas like education, health, agriculture and entertainment as a result of the advancement in technology, the Ghana Chamber of Telecommunications says more needs to be done by relevant stakeholders to ensure all facets of Ghanaian life are enhanced significantly by new technology. According to the World Economic Forum, access to…
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DBG would help address market failures in Ghanaian credit markets – BoG
The Bank of Ghana has stated that the official commencement of full-scale operations of the newly launched Development Bank Ghana, DBG, would help address market failures in the Ghanaian credit markets. Speaking at the launch of the bank on Tuesday, 14th June 2022, Governor of the Bank of Ghana, Dr. Ernest Addison, noted that experiences…
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Ghana can attract more investors through effective branding – Absa Bank’s Jacob Brobbey
The development of a viable national branding strategy is central to positioning Ghana as an investment destination, acting Head of Markets of Absa Bank, Jacob Brobbey has said. Speaking on Citi TV during the Citi Business Festival live forum on Tuesday, Mr. Brobbey said Ghana could reap diverse benefits from uniquely packaging its culture, tourism,…