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 …
The Ghanaian securities market will soon have credit rating agencies (CRAs), as the Securities and Exchange Commission (SEC) has issued draft guidelines for their operations in Ghana, almost a decade after declaring its intentions. The draft regulations, which were issued this week, will facilitate and standardise the establishment and operation of credit rating agencies in …
Banks will soon adopt only the National Identification card as the primary source of documentation for banking transactions. This follows discussions between the banks, represented by the Ghana Association of Bankers, the National Identification Authority and the Bank of Ghana. The discussion is said to have reached an advanced stage and a roadmap on when …
The Securities and Exchange Commission (SEC) on Monday launched its maiden Capital Market Master Plan (CMMP) to serve as the blueprint for the development of the capital market in Ghana for the next 10 years. The Plan is built around a vision discussed and agreed with key stakeholders in the capital market to ensure a …
The central bank has issued guidelines for Rural and Community Banks (RCBs), focused on de-risking that sector of the banking system. According to bank, the guidelines, issued last week, have been designed to provide a framework within which regulated RCBs will establish and embed a culture of risk management in their institutions. Additionally, they will …
The Producer Price Inflation (PPI) fell to 11.1% in April 2021, from 13.0% recorded in March 2021. This reflected the decline in Consumer Price Inflation in April 2020, which fell by 2%. According to data from the Ghana Statistical Service, the month-on-month change in producer price index between March 2021 and April 2021 was -0.1%. …
The African Business Community Development (ABCD) Hub will select the first batch of small businesses into its Accelerated Business Development Institute to participate in an Investment Readiness Program. The ABCD Hub, is gearing up to hold its first pitch event on 5th June, 2021 at the Headquarters of OYA Capital Management, Accra. The event, is …
Contrarily to the hesitation of many banks and financial institutions to advance support to the agricultural sector, the Nsoatreman Rural Bank Limited at Nsoatre in the Sunyani West Municipality of the Bono Region has resolved to prioritise agricultural financing in the 2021 financial year. “The bank has started giving out more agric loans, particularly to …