The Minister of Finance, Mr Ken Ofori-Atta, has projected Ghana’s economy to rebound strongly in 2021 at 5.7 per cent as a result of the implementation of the transformation phase of the Ghana CARES programme. He said the Government intended to scale down the expected 2021 Fiscal Deficit from 9.6 per cent of GDP to …
Month: October 2020
Environmentally friendly refrigerators and air conditioners will be more widely accessible and affordable in Ghana through a new Green On-wage financing scheme. The ECOWAS Refrigerators and Air Conditioners Initiative is collaborating with CalBank Plc, Ecobank Ghana Limited, Letshego Ghana Savings and Loans Plc as partner banks and with Ederick Limited, Electroland Ghana Limited, Hisense, Nesstra …
A new KPMG report says banks can only survive in the highly digitised era if their product offerings are designed in a way that meets the preference of millennials. The report titled: “Heightened customer expectation in the new normal and beyond,” said the future of customer experience will be insight-led, digitally-enabled and would require customer-centric …
UK Export Finance (UKEF), the UK government’s export credit agency, has placed its market risk appetite for Ghana at £1.5bn, which should support more investment and trade between the two countries, the West Africa regional representative of UKEF, Steve Gray, has said. Market risk appetite is the willingness of investors to bear financial risk, with …
Board chairman of the Anum Rural Bank in the Eastern Region, Daniel Adu Appea says the bank has managed to sustain the shocks of the global pandemic and the financial sector clean-up to maintain its strong footing in the financial space during the year under review 2020, despite recording declines in its profits. The bank’s …
The Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has challenged banks to design financial products that are suited to the peculiar needs of women entrepreneurs to fully harness their contribution to the creation of jobs and wealth for national growth. “Despite their immense contribution to job and wealth creation, women entrepreneurs …
The Secretariat of the African Continental Free Trade Area (AfCFTA) has said it is working on a cross-border trade platform to enhance market access and trade connectivity for Small and Medium-sized Enterprises (SMEs) across the continent. The digital platform, it said, will enable SMEs to expand their reach and explore growth opportunities in the AfCFTA, …
ARB Apex Bank, the umbrella body of the 144 rural and community and community banks (RCB’s) in the country, has challenged its members to reposition following the Covid-19 disruptions and endeavour to put in the right structures to ensure their sustainability. Addressing the 24th annual general meeting (AGM) of the Odwen Anoma Rural Bank at …
It is increasingly recognised that we live in a VUCA World, characterised by Volatility, Uncertainty, Complexity and Ambiguity. The Covid-19 pandemic has shown how quickly major economic disruption can occur. Leading economies suddenly see numerous businesses facing bankruptcy. The dislocation, coupled with the impact of new technology, will accelerate the pace of change. To prepare …
MTN Group has been named the most valuable African brand with a value of US$3.3 billion. Brand value is the net economic benefit that a brand owner would achieve by licensing the brand in the open market. According to a survey conducted by Brand Finance Africa in 2020, it based MTN Groups ranking on its …