Lending rates demanded by commercial banks in Ghana will begin to be cut this week in response to the Bank of Ghana’s announcement, a week ago, of a 100 basis points cut in its key Monetary Policy Rate, bringing it down to 13.5 percent in a move that many had hoped for but few had …
Month: June 2021
A resource handicapped Securities and Exchange Commission (SEC) poses far more systemic and structural risks to the development of Ghana’s relatively young capital market, Kojo Addae-Mensah, CEO of Databank Group, has said. Despite the SEC’s recent market actions via directives to institutions it regulates and general awareness creation about its core mandate and capital market …
Prices of goods and services are expected to go up in the coming days and weeks, following the 13% upward adjustment in transport fares. This probably will shoot up inflation though the margin of increase might not be too wide. Inflation is an important indicator that banks use in pricing their loans and therefore any …
The deputy director-general of SEC has said that the commission is putting measures in place to finally declare its position on cryptocurrency. He said the country is still against cryptocurrency trading. He said few experts will be contacted to dialogue with SEC to come up with a policy position that will then inform how to …
Curbing illicit financial flows should be top of the policy agenda as the government seeks to reboot the economy in the post-pandemic era, the immediate past Dean of the University of Ghana Business School, Prof. Joshua Yindenaba Abor, has suggested. “You have huge tax revenue that would have come into the economy, but it is …
Nine Ghanaian cocoa farming unions have been awarded grants to invest in new climate-smart small businesses on behalf of their members, as part of a scheme implemented by Fairtrade Foundation. Each new enterprise aims to pilot new ways for cocoa farmers to earn extra money to supplement their incomes and, at the same time, build …