Atwima Kwanwoma Rural Bank Limited at Pakyi No2 in the Amansie Central District of Ashanti Region has recorded a remarkable operational performance in the 2020 year under review. Directors of the Bank never allowed the odds of the pandemic to cripple their responsibility to innovate and formulate practicable policies to ensure that the bank maintains …
Month: October 2021
Mr Crispin Bobio, Energy Analyst, Baobab Energy Consult, says Ghana can build a low-cost, competitive and sustainable power sector if government discloses future Power Purchasing Agreements (PPAs). He said transparency of PPAs would level the playing field for all firms and reduce governance and investment risks and build public confidence about government’s management of the …
…but still lags behind consumer price increases Further evidence that inflationary pressures are intensifying across the Ghanaian economy emerged last week with the revelation that Producer Price Inflation (PPI) for September 2021 was 8.8 percent – up from 8.1 percent in the previous month – according to new data released by the Ghana Statistical Service …
Ghana is working towards offering its Central Bank Digital Currency (CBDC) to citizens without an Internet connection. The Bank of Ghana has revealed that the bank is working on a pilot to test the viability of offline payments as it seeks to target the wider populace in line with its stated objective of intensifying financial …
…………as such businesses need long-term funds Chief Executive Officer of UMB Bank, Nana Dwemoh Benneh, has said the short-term nature of banks’ lending means that they cannot be first point of call for start-ups, rather, new businesses need to first find patient capital during their formative years after which they can then access support from …
Reverend Daniel Ogbarmey Tetteh, Director-General, Securities and Exchange Commission (SEC), says for any economy to grow and develop, savings and investment were key. He said the ability of individuals and households to save and invest was a key driver of the economy. Rev Tetteh was speaking at an event dubbed, “Time With the SEC” for …
Plan International Ghana in partnership with Global Affairs Canada is empowering rural women in Ghana through an initiative dubbed “Women’s Innovation for Sustainable Enterprise” (WISE). The WISE project is built on the inspiration, power and potential of Ghanaian women entrepreneurs and women-owned businesses and seeks to contribute to increase realization of right to economic empowerment, …
Last week the latest inflation data from the Ghana Statistical Service Consumer pointed to a new emergent problem: price inflation has exceeded the 10 percent target band ceiling set by the Bank of Ghana as in September 2021 it recorded the highest inflation rate of 10.6% since the economy started picking up from the effects …
The Bank of Ghana (BoG) has warned the public against doing business with a fraudulent money doubling scheme operating in Ghana under the pseudo name “Worldremit”. According to the central bank, this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of international fund transfers. A statement released by …
The Economic Community of West African States (ECOWAS) is scheduled to organise a seminar aimed at promoting peace and democratic elections in the sub-region. The seminar is being organised by the ECOWAS Parliament with the theme, “TwoDecades of Democratic Elections in ECOWAS Member States: Achievements, Challenges and the way Forward” will be held from 12th -15th October …