The headline data concerning Ghana’s capital market does not look particularly enticing as the Ghana Stock Exchange is in its third consecutive year of a bear market. But look beyond those headlines and one sees one of the most vibrant securitized debt markets in Africa. This should not be particularly surprising for investors and analysts …
Month: September 2020
The need to reduce the cost of digital transformation has been a pressing requirement to revamp businesses in order to ameliorate the impact of COVID-19 on the country’s economy. Businesses that had been stalled or moved at a snail’s pace were shifting their day-to-day operations out of the workplace into homes to avoid further spread …
The year-on-year inflation rate fell to 10.5 percent in August, a 0.9 percentage points lower than 11.4 percent recorded in July 2020. The monthly change rate for August 2020 is -0.4. “Total month-on-month inflation is negative because it is pulled down by negative Food inflation (-1.1 percent) and negative inflation for the Recreation, Sport and …
The National Insurance Commission (NIC), says it will soon hit the metropolitan and district business enclaves of the country to intensify its sensitization and enforcement drive on compulsory property insurance. This was disclosed by the Commissioner of Insurance, Mr. Justice Yaw Ofori in a recent statement. He indicated that though the Insurance Law, Act 724 …
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has powered the Zenith Bank (Ghana) Limited to roll out the Eazypay GH Dual Card to boost electronic transactions. The GH Dual Card which combines the e-zwich and Gh-Link functions will serve as a 3D secure authentication that provides additional security for payments made with the Gh-link …
The central bank has begun an internal review of the Bank of Ghana Amendment Act 2016 (Act 918), which is likely to result in a proposal for further amendments to facilitate the implementation of the law, the first deputy governor of the bank, Dr. Maxwell Opoku-Afari, has said. He was speaking during an appearance before …
In a bid to create a sustainable future of shared value with all stakeholders, AngloGold Ashanti Iduapriem Mine has implemented, among other things, an Aquaculture project to address unemployment within its host communities. Mr. Stephen Adjei, Senior Manager, Sustainability at the Iduapriem Mine, briefed the Executive Director of Ghana’s Fisheries Commission, Mr. Michael Arthur Dadzie …
The Ghana Interbank Payments and Settlement Systems (GhIPSS), a subsidiary of the Bank of Ghana, has introduced a Near Real Time (NRT) Automated Clearing House (ACH) Direct Credit platform that allows Corporate Institutions to make bulk payments much faster. The service, being rendered in collaboration with the banks, is designed to enhance the efficiency of …
Four out of the 50 Fund Management Companies (FMCs), whose licences were revoked by the Securities and Exchange Commission (SEC) have filed applications in Court challenging the decision. A statement issued in Accra by the Commission said the cases were at various stages in Court and had resulted in a situation, where no other action …