The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) is scheduled to from today September 22, 2020 to Friday September 25, 2020 hold its regular meetings. For the committee’s 96th meeting, it is expected to initiate proposals for the formulation of the monetary policies of the central bank, evaluate Ghana’s economy and provide …
The Sustainable Development Investment Partnership (SDIP), an initiative of the World Economic Forum and the OECD, in partnership with the Government of Ghana through the SDGs Advisory Unit in the Office of the President, and the UN Development Programme (UNDP) held the first Ghana SDGs Country Financing Roadmap Roundtable on September 16th 2020 in Accra. …
Ghana’s year-on-year economic growth rate contracted 3.2 per cent in the second quarter of 2020 compared to 5.7 per cent for the same period in 2019 due to coronavirus pandemic. Professor Samuel Annim, the Government Statistician, said it was the first contraction in 37 years and followed the devastating impact of the coronavirus pandemic on …
The government has said in line with its commitment to protect depositors funds and to shore up public confidence in the financial system, it has made available to the Receiver of the failed Micro Finance Companies (MFI) as well as the Official Liquidator of the Micro Credit Companies in official liquidation a combination of cash …
Businesses and financial institutions have been implored to institute robust security systems and surveillance in order to be fraud-protected. The call by the Country Chief Inspector of the United Bank for Africa (UBA), Chiedu Okonta, has become necessary, due to the increasing cases of fraud recorded in the financial sector. A 2014 PWC report showed …
The headline data concerning Ghana’s capital market does not look particularly enticing as the Ghana Stock Exchange is in its third consecutive year of a bear market. But look beyond those headlines and one sees one of the most vibrant securitized debt markets in Africa. This should not be particularly surprising for investors and analysts …
The need to reduce the cost of digital transformation has been a pressing requirement to revamp businesses in order to ameliorate the impact of COVID-19 on the country’s economy. Businesses that had been stalled or moved at a snail’s pace were shifting their day-to-day operations out of the workplace into homes to avoid further spread …
The year-on-year inflation rate fell to 10.5 percent in August, a 0.9 percentage points lower than 11.4 percent recorded in July 2020. The monthly change rate for August 2020 is -0.4. “Total month-on-month inflation is negative because it is pulled down by negative Food inflation (-1.1 percent) and negative inflation for the Recreation, Sport and …
The National Insurance Commission (NIC), says it will soon hit the metropolitan and district business enclaves of the country to intensify its sensitization and enforcement drive on compulsory property insurance. This was disclosed by the Commissioner of Insurance, Mr. Justice Yaw Ofori in a recent statement. He indicated that though the Insurance Law, Act 724 …
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has powered the Zenith Bank (Ghana) Limited to roll out the Eazypay GH Dual Card to boost electronic transactions. The GH Dual Card which combines the e-zwich and Gh-Link functions will serve as a 3D secure authentication that provides additional security for payments made with the Gh-link …