Category: Top Stories
-
Ignore conflict of interest claims against Ofori-Atta, Adu Boahen – Finance Ministry
The Ministry of Finance has described as inaccurate and misleading, information circulating in the media, which accuses the Minister of Finance, Ken Ofori-Atta and Minister of State at the Finance Ministry, Charles Adu Boahen of being caught in a conflict of interest situation. The two are accused of having two non-bank financial institutions associated with…
-
Agriculture, infrastructure key to ensuring economic growth for remainder of 2021 – Peter Quartey
Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has asserted that the economy will grow more significantly if the government focuses on agriculture, infrastructure and construction for the remainder of the year 2021. The government has set a growth target of five percent by the end of…
-
#CitiBusinessFestival: Participants laud Ghana’s progress in building a cashless economy
Participants of the first Citi Business Festival virtual forum on have acknowledged the country’s efforts towards building a cashless society. Sharing their experiences at the forum which aired on Citi TV via zoom, they shared spoke of the successes chalked so far, as well as the challenges that need to be surmounted to ensure that…
-
#CitiBusinessFestival: Investment in cyber security critical for a formidable digital economy – Ebo Richardson
The Chief Enablement and Information Officer at Absa Bank, Ebo Richardson, has called for investment in cyber security and a collaboration between sector players to develop a formidable digital economy. Mr. Richardson made these statements during the 2021 Citi Business Festival’s first virtual forum on Citi TV, on the theme, ‘Digital Economy – Building a…
-
Inter-country transactions with Gh-link will be easier within 6 months – GhIPSS CEO
The Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems (GhIPSS), Archie Hesse, says businesses in Ghana are about six months away from being able to engage in easier financial transactions across Africa. Among other things, he noted that the Central Bank Payment systems on the continent are being linked to make international…
-
#CitiBusinessFestival: Fintech business now much easier in Ghana – IT Consortium CEO
The Chief Executive Officer of IT Consortium, Romeo Bugyei, has highlighted the critical role the Ghana Interbank Payment and Settlement Systems (GhIPSS) has played in Ghana’s fintech space since its inception in May 2007. Speaking on the Citi Business Festival virtual forum on Citi TV, Mr. Bugyei pointed out that the centralized infrastructure provided by…
-
#CitiBusinessFestival: Ghana has made progress in building cashless society – Archie Hesse
The Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems (GhIPSS), Archie Hesse, believes Ghana is in a position to be recognised as one of the countries at the forefront of being a cashless society. “If I look at the journey 14 years on, as we speak, we have enough products and services…
-
Value of MoMo transactions rises by over 150% between April 2020 and April 2021
The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total amount increased by over 150 percent from April 2020 to April 2021. On a monthly basis, the value of transactions from March to April this year, saw a minimal increase of about…
-
Interest rates to drop in ‘two to three months’ following policy rate reduction – Consultant
Interest rates on loans for businesses and individuals should begin dropping in response to the lowering of the monetary policy rate by 100 basis points to 13.5% in May, 2021. The Monetary Policy Committee (MPC) of the Bank of Ghana, for the first time since March 2020, reduced the policy rate to 13.5% after it…
-
Fuel prices may rise marginally in first pricing window of June – IES
Consumers of petroleum products might be paying slightly higher prices for the fuel they purchase at the country’s various pumps as we enter the month of June. According to an analysis by the Institute of Energy Security (IES), the increase can be attributed to the 3.50% rise in price of Brent crude, together with the…