Executive Director of the Association of Rural Banks, Ghana, Comfort Owusu, has urged shareholders of rural banks to see the regulator’s directive to suspend payment of dividend as a good measure to sustain their investments and keep their banks in business. According to her, the decision to suspend dividend payment is not the making of …
Month: November 2021
The year-on-year inflation rate for October rose to 11.0 per cent, up 0.4 percentage points from 10 to 6 per cent recorded in September 2021. Professor Samuel Kobina Annim, the Government Statistician, at a press conference on Wednesday, said the October inflation rate was the highest in the last 15 months. He said housing, water, …
When the COVID-19 pandemic took hold early in 2020, a cloud was cast over the prospects of maintaining standards of living and the provision of basic but vital goods and services to the unbanked majority who would not be able to execute cash linked transactions. It quickly became clear that mobile technology, and mobile money …
The Ghana Investment Promotion Centre (GIPC) has been adjudged Africa’s best investment promotion agency for the third consecutive year by the Capital Finance International magazine (CFI.co) In the citation for the award, the CFI.co highlighted GIPC’s multi-level approach to investment attraction leveraging technology, social media, and other ingenious initiatives to deliver on its mandate. It …
The Securities and Exchange Commission (SEC) has issued guidelines to regularise the operations of credit rating agencies (CRA) in the country, allowing for an independent evaluation of the creditworthiness of debt securities on the Ghana Fixed Income Market. Per the new guidelines issued last week, SEC requires that any foreign company that is licenced as …
Despite being one of the largest and reliable sources of revenue to the government of Ghana, tax revenue collection in Ghana is constrained by many factors. The tax to GDP ratio of Ghana remains far below what the government targets to achieve by 2023. The Government of Ghana’s target is to achieve tax to GDP …