The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, has welcomed the €82.5 million support offered to Ghana by the European Investment Bank (EIB) to strengthen healthcare, provision of specialist medical equipment and medicines across Ghana under the national COVID-19 Health Response Plan. The concessional financing package, which comprises a €75 million facility …
Month: December 2021
The Mobile Money Agents Association of Ghana (MMAAG) has threatened to embark on a demonstration to register their displeasure over Government’s proposed e-levy of 1.75%. This will be followed by a nationwide strike if Government does not hear their cry. According to the agents, they see the 1.75% levy as very regressive and critical to …
Government secured ¢923.79 million from the latest issuance of the 5-year bond, auctioning results from the Bank of Ghana has revealed. But that came at a higher cost of 21%. The Government accepted all the bids of ¢923.79 million from the investors. But the cost of the debt instrument was above the initial pricing guidance …
With the Covid-19 pandemic raging on, the Bank of Ghana says banks in Ghana face heightened credit risk as depicted in rising non-performing loan ratios and this is of great concern to banks, supervisors, and macroeconomic policy makers. “What is more, the full extent of banks’ credit risk cannot be assessed with any high degree …
The month of November 2021 recorded the highest rate of inflation of 12.2% since the rebasing of the Consumer Price Index was done in 2019, the Ghana Statistical Service has indicated. This indicates that prices of goods and services witnessed upward adjustment during the period, a situation that will push interest rates and consequently cost …
The Bank of Africa Ghana Limited (BOA), has received the topmost institutional award for outstanding contribution to women empowerment in the financial sector, at the Women in Finance and Investment Summit (WIFIS) & Awards 2021. The distinguished honour is in recognition of BOA’s strategic value of diversity and inclusion of women across its business, which …
The Bank of Ghana (BoG) is poised to ensuring that the financial sector is clean from money laundering and financial terrorism in the country. And to ensure the effectiveness of this, Rural and Community Banks (RCBs) as well as Microfinance Institutions (MFIs) have been advised to comply with existing laws and regulations governing the banking …
Wangara Green Ventures, an impact investment fund, has announced a GHC 1.4 million investments into Good Roll factory to produce a climate-smart and sustainable toilet tissues in the country. The statement issued by Wangara Green Ventures, Good Roll factory and Innohub, a business accelerator, noted that the move was to contribute positively to the mitigation of …