The use of cheques to make payment could witness further decline in volume, following the addition of the Automated Clearing House Direct Credit, Near Real Time payment channel. This is because the Near Real Time (NRT) payment channel offers a better and quicker alternative to cheques. The Chief Executive of GhIPSS, Archie Hesse in an …
Month: September 2020
Deputy Trade Minister, Mr Robert Ahomka-Lindsay has launched the second edition of the Ghana Women Entrepreneurs Summit (GWES 2020) with a call on women to formalize their businesses and adopt online trading to survive the competition. He said for the Micro, Small and Medium Enterprises (MSMEs) to survive and progress in the coming years, formalization …
The Chief of Party at the United States Department for Agriculture (USDA) Ghana Poultry Project (GPP), Carianne De Boer has called on all players in the agriculture sector to work together in building a strong positive regulatory environment that will step up private investment and access to finance in agriculture. Speaking at the opening of …
Ghanaians banks have stepped up efforts to blacklist staff caught stealing or committing any fraudulent activities from getting new jobs in the banking industry. Ghana Association of Bankers said it is important for banks in Ghana to have a central system that allows banks to identify individuals with a fraudulent history. Deputy Chief Executive of …
The 96th regular meeting of the Bank of Ghana’s Monetary Policy Committee begun on , Tuesday, September 22. It will end on Friday, September 25 and this will be followed by the announcement of the MPR for the next two months on Monday, the 28th. The meeting has been preceded by intense lobbying by the …
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) is scheduled to from today September 22, 2020 to Friday September 25, 2020 hold its regular meetings. For the committee’s 96th meeting, it is expected to initiate proposals for the formulation of the monetary policies of the central bank, evaluate Ghana’s economy and provide …
The Sustainable Development Investment Partnership (SDIP), an initiative of the World Economic Forum and the OECD, in partnership with the Government of Ghana through the SDGs Advisory Unit in the Office of the President, and the UN Development Programme (UNDP) held the first Ghana SDGs Country Financing Roadmap Roundtable on September 16th 2020 in Accra. …
Ghana’s year-on-year economic growth rate contracted 3.2 per cent in the second quarter of 2020 compared to 5.7 per cent for the same period in 2019 due to coronavirus pandemic. Professor Samuel Annim, the Government Statistician, said it was the first contraction in 37 years and followed the devastating impact of the coronavirus pandemic on …
The government has said in line with its commitment to protect depositors funds and to shore up public confidence in the financial system, it has made available to the Receiver of the failed Micro Finance Companies (MFI) as well as the Official Liquidator of the Micro Credit Companies in official liquidation a combination of cash …
Businesses and financial institutions have been implored to institute robust security systems and surveillance in order to be fraud-protected. The call by the Country Chief Inspector of the United Bank for Africa (UBA), Chiedu Okonta, has become necessary, due to the increasing cases of fraud recorded in the financial sector. A 2014 PWC report showed …