The Bank of Ghana has announced plans to introduce an electronic currency, E-Cedi, in the near future to enhance digital financial services in the country. According to a report by the Bank of Ghana, digital transactions such as mobile money keeps increasing in the country, while the value of cheques issued by commercial banks keeps …
Month: November 2019
The Ghana Aquaculture Stakeholders (GAS) has appealed for government to place restrictions and enforce standards on the kind of tilapia imported into the country, as some of them have introduced diseases to local farms – thereby resulting in high mortality rates. According to the Founder and Convener of the interest group, Patricia Safo, a survey …
The Securities and Exchange Commission (SEC) has clarified that mutual funds and unit trusts previously managed by investment firms whose licenses were recently revoked are still valid and must run. According to SEC, the revocation of the licenses on Friday, November 8 of 53 fund managers does not affect the licenses of nor terminate the …
Executive Chairman of the Jospong Group of Companies has reiterated his call for a sustainable Plan for the development of Africa that is backed by “massive” private sector investment. Dr. Joseph Siaw Agyepong stressed that “private sector participation in EU-Africa relations is an assured way to foster development on the continent”. The Executive Chairman of …
Atwima Kwanwoma Rural Bank Limited in the Ashanti Region has posted growth in almost all the financial indicators in the 2018 year under review. The bank recorded a profit before tax of a little over GH¢6 million in the 2018 year under review representing a drop rate of 11 per cent from approximately GH¢8.3 million …
The government and the Bank of Ghana (BoG) have each contributed €13 million as seed money for the smooth take-off of the Ghana Deposit Protection Corporation (GDPC). This is in addition to the GH¢400,000 paid by the banks to boost the GDPC’s reserves to enable it to provide cushion for depositors in case of a …
In its quest to facilitate the expansion of trade and investment between Ghana and Barbados, an indigenous Ghanaian firm and its counterpart from Barbados have signed a partnership agreement to boost e-commerce within the two countries. The signing of the Memorandum of Understanding (MoU) which took place on the sidelines of a business-to-business investment summit …
The Minister of Communications Ursula Owusu Ekuful has argued that it will be appropriate for the government to tax the transaction fees mobile money companies charge when they conduct mobile money transactions. Addressing the press in Accra on the performance of the Common Monitoring Platform operated by KelniGVG, the Communications Minister said mobile money companies …
The Ghana Chamber of Commerce and Industry (GNCCI) has launched a credit union to provide credit facilities to SMEs under flexible payment terms and low-interest rates. Speaking at the launch of the Credit Union, Dr Nana Appiagyei Dankawoso 1 said the move is to give SMEs the wherewithal to remain a force in the African …
Local players in Ghana’s poultry industry have reiterated calls on the government to consider placing a cap in the volumes of imported poultry products into the country. According to the Poultry Farmers Association of Ghana, they will be able to increase production with the requisite support from the government to meet the shortfall that would …