Stakeholders have met in Accra to discuss practical ways of reducing the usage of single-use plastic among the populace in Ghana. The first in a series of the two stakeholder engagements is being organised by CUTS Ghana, a research, advocacy and consumer protection organisation, in collaboration with Consumer International. This is to raise consumer awareness …
Month: September 2021
The government of Ghana has for the past years consciously put in place policies and programs to promote and guide the development and use of crowdfunding products and services for the financial sector. This effort complements other ongoing initiatives by the Government to promote the modernization and digitization of the financial sector to drive financial …
August PPI fall suggests possible impending slowdown in consumer price inflation …but distributor and retailer profiteering may forestall this The Producer Price Inflation (PPI) rate for August 2021 has decreased to 8.1 percent, the Ghana Statistical Service (GSS) announced last week. This rate represents a 0.3 percentage point decrease in producer inflation relative to the …
despite inflation and exchange rate pressures At the weekend the Bank of Ghana released its latest economic figures which were used last week by the central bank’s Monetary Policy Committee to deliberate on what to do with the benchmark Monetary Policy Rate. The latest data had been highly anticipated even though most economists were expecting …
…ahead of policy rate announcement Recent public discontent about the wide gap between policy rate and lending rates of banks has put the Monetary Policy Committee (MPC) in a tight corner on what decision to take despite prevailing conditions giving it a strong case not to cut rate this time. Various stakeholders, including the business …
With financial systems across the continent set for increased integration under the African Continental Free Trade Area (AfCFTA), domestic industry watchdog the Bank of Ghana will heighten its monitoring of developments in the trade area and put measures in place to ensure local financial institutions are insulated from external shocks. This, said Head of Banking …
Invest in Africa (IIA), a not-for-profit organisation focused on growing local small and medium enterprises (SMEs) across sub-Saharan Africa, has been selected by Tullow Ghana Limited to implement its recently launched Financial Readiness programme. The Financial Readiness programme is an eight-month programme, launched in August 2021, with the goal of assisting suppliers in the oil …
Higher cost of certain foodstuffs and housing pushed the rate of inflation for the month of August to 9.7%, data from the Ghana Statistical Service indicates. However, it still remained in the single digit bracket despite the consistent upward trend in the prices of some foodstuffs and housing. The month-on-month inflation between July 2021 and …
Mybitstore Limited, a Ghanaian tech developer, has introduced an application that enables cryptocurrency traders across the world to trade using its secured escrow system. The app, Mybitstore, provides a platform for the buying, selling, receiving and conversion of bitcoin to mobile money and vice versa. It also allows users to convert unused gift cards to …
…to compensate for perceived high credit risk Data released last week by the Bank of Ghana on the lending rates demanded by commercial banks in Ghana reveal that the most banks are still demanding unusually high interest rate spreads between their cost of funds and the rates at which they are willing to give loans …