About 80% of retail consumers between the ages of 17 to 39 preferred to shop online using smartphones and the internet. According to Firmus Advisory, Market research, regulatory compliance and trade development consulting firm, in its recent survey, disclosed that a lot more purchases are still done through traditional means, especially for food and beverages. …
Month: October 2019
The next monetary policy rate (MPR) to be announced by the Bank of Ghana in November is set to hinge keenly on how inflation and exchange rates turn out in the coming weeks, the International Monetary Fund (IMF) has indicated. The next MPR will be effective for two months ending in late January 2020. In …
Enterprise Computing, a technology organisation, together with Microsoft Corporation has introduced a digital insurance solution in the African market. The app addresses challenges in the industry which leads to significant revenue losses as a result of issuance of fake insurance policies and certificates. The app also introduces convenience by allowing customers to purchase and verify …
The volume of mobile money transactions done across different networks reached one million transactions in September this year, the highest number of transactions reorded in a single month since the service was introduced last year. The latest figure compares to the 312,000 transactions in September 2018, representing an increase of over 250 percent. The update in …
The Bank of Ghana (BoG) says African countries should institute policies that are focused on developing a vibrant capital market to support growth. The Central Bank also called for benchmarking of internal regulation against global standards to help improve standards, overcome regional integration challenges to support growth, and leverage on new technology and data sharing …
Vice President Dr. Mahamudu Bawumia says Ghana is on course to become a major exporter of power in the West Africa sub-region following the commencement of export of electricity to Burkina Faso. Burkina Faso joins Togo, Cote d’Ivoire and Benin as the West African countries that Ghana regularly exports electricity to. But speaking at the …
The state has accused the company of misleading investors about the potential costs of climate regulation to its business. Exxon says it shared the necessary information and the claims are politically motivated. The case is at the forefront of a rising number of legal actions faced by oil and gas firms. Exxon’s trial on the …
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has been selected to represent Ghana to Chair the Board of Governors of the Bretton Woods Institutions in 2020. A statement from the central bank explained that the selection of Ghana was done in recognition of the country’s impressive strides in macroeconomic stability achieved …
The Bank of Ghana has adopted a set of guidelines to help facilitate the short-term trading of government securities between dealers as well as investors. Governor of the Bank of Ghana, Dr. Ernest Addison, who announced the new Guidelines for Repurchase Agreements at ongoing World Bank/IMF Annual Meetings in Washington DC, USA, said it will …
The International Monetary Fund (IMF) has said Ghana’s economy will grow at a slower rate than it had earlier predicted. The Washington-based lender in its latest World Economic Outlook predicted that Ghana’s economy will grow at a rate of 7.5 percent revising an earlier prediction of 8.8 percent it made in April. Ghana which exports …