Government is set to launch its electronic payment platform for payment for government goods and services in few weeks. Already, some public agencies such as the Driver and Vehicle Licensing Authority (DVLA) and the Passport Office have such payment platforms. According to Communications Minister, Ursula Owusu-Ekuful, the foundation of digital economy has been laid and …
Month: February 2020
The Bank of Ghana says it will not hesitate to penalize persons who flout the Foreign Exchange Act by pricing and taking payments for goods and services in any currency apart from the Ghana cedi. The BoG’s comment follows viral images of a shop attendant at Palace Hypermarket on the Spintex Road in Accra accepting dollars …
The Ghana Interbank Payment and Settlement Systems (GhIPSS) is wrapping up preparations for the launch of the universal QR code next month, Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), has said. A QR code is a two-dimensional code made up of black and white squares that could be …
As part of efforts to encourage Ghana’s youth, especially graduates to take agriculture seriously, RMG Ghana, one of Ghana’s leading supplier of agro inputs to the Ghanaian economy, is set to launch a reality show on farming. The show, which will be aired on Ghana’s fastest growing television network, Citi TV, will provide an opportunity …
Capital market operators who would like to engage in assisting firms to raise capital in the form of Initial Public Offerings and bonds should be ready to obtain separate licenses for such activities anytime soon. It follows plans by the regulator, the Securities and Exchange Commission, SEC, to ensure sanity in the market. This will …
President Nana Addo Dankwa Akufo-Addo has said that Ghana is presently the largest recipient of Foreign Direct Investment (FDI) in West Africa. According to him, this follows a massive vote of confidence by investors in his administration’s current management of the economy in the latest successful issuance of the Eurobond. “The massive vote of confidence …
Sixteen (16) startups, drawn from Africa, USA, Portugal, Brazil have been selected to partake in Mohammed VI Polytechnic University’s (UM6) Impulse Acceleration Program in Morocco, Switzerland and the USA. The program, which begun on January 13, 2020, has three Ghanaian Agritech start-ups, Esoko, SAYeTECH and Trotro Tractor, selected among 350 applications received after the Impulse …
The International Monetary Fund’s Resident Representative, Dr. Albert Touna-Mama, has said Ghana’s public debt situation puts the country in a very dire position. The public debt stands at 215 billion cedis with the World Bank warning that the country is at high risk of debt distress. Speaking at a forum organized by Graphic Business and …
The Securities & Exchange Commission, regulator of Ghana’s capital market operators are on the verge of agreeing with the various firms under their regulatory purview as to the new minimum capital levels that should apply, for them to retain their operational licenses. Goldstreet Business has been reliably informed that the regulator and the regulated firms …
Government has expressed confidence that a €7.2 million fund earmarked for poverty alleviation in some rural communities will improve the lives of the beneficiaries by 2024. The amount, provided under the supervision of the European Union is aimed at giving financial assistance to a number of Ghanaian farmers in rural communities. Speaking at a forum …