GCB Bank Limited has introduced a product, G-Money, an industry first mobile wallet service. This comes after the bank was given approval by the Bank of Ghana (BOG) on November 25 this year to create electronic value backed by equivalent cash to serve customers. G-Money, which is the first of its kind to be operated …
Barclays Bank, a market leader in agribusiness lending, says agriculture will continue to be an important focus area as it changes its name to Absa in February 2020. The 2017 Best Bank in Agribusiness Finance in the Rice, Maize and Soya value chain currently provides financing that benefits agribusinesses and smallholder farmers. Barclays recognises agriculture …
To ensure all stakeholders most importantly the State derive the maximum benefits from gold exports, the Ghana Chamber of Mines is entreating government to initiate effective mechanisms to streamline activities and operations of artisanal and small scale mining operators. This has become necessary in the sense that though Ghana overtook South Africa as the largest …
The Minister for Fisheries and Aquaculture Development, Elizabeth Afoley Quaye, has revealed that the small-scale loans to be given to women engaged in the fishing business are ready. She said this when she accompanied President Nana Addo Dankwa Akufo-Addo to present some 6,336 outboard motors and other fishing equipment to fisherfolk along the coast on …
For a third consecutive period this year, the sentiments of Ghana’s business community, as measured by the index derived from the Bank of Ghana’s (BoG) Business Confidence Survey, has depicted rising confidence in the prospects of their businesses. In the latest survey, the sentiments have further improved to 99.6 percent in October 2019 compared to …
The Bank of Ghana (BoG) has introduced two new higher denominations of the Ghana notes and a coin to complement the existing currencies in circulation. The new denominations are the hundred and two hundred Ghana cedi notes and a two cedis coin that are expected to be in circulation from Monday, December 2, 2019. Features …
The Bank of Ghana has announced plans to introduce an electronic currency, E-Cedi, in the near future to enhance digital financial services in the country. According to a report by the Bank of Ghana, digital transactions such as mobile money keeps increasing in the country, while the value of cheques issued by commercial banks keeps …
The Ghana Aquaculture Stakeholders (GAS) has appealed for government to place restrictions and enforce standards on the kind of tilapia imported into the country, as some of them have introduced diseases to local farms – thereby resulting in high mortality rates. According to the Founder and Convener of the interest group, Patricia Safo, a survey …
The Securities and Exchange Commission (SEC) has clarified that mutual funds and unit trusts previously managed by investment firms whose licenses were recently revoked are still valid and must run. According to SEC, the revocation of the licenses on Friday, November 8 of 53 fund managers does not affect the licenses of nor terminate the …
Executive Chairman of the Jospong Group of Companies has reiterated his call for a sustainable Plan for the development of Africa that is backed by “massive” private sector investment. Dr. Joseph Siaw Agyepong stressed that “private sector participation in EU-Africa relations is an assured way to foster development on the continent”. The Executive Chairman of …