Current rates of plastic emissions globally may trigger effects that we will not be able to reverse, argues a new study by researchers from Sweden, Norway and Germany published on July 2nd in Science. According to the authors, plastic pollution is a global threat, and actions to drastically reduce emissions of plastic to the environment …
The Nkoranman Rural Bank at Seikwa in the Tain district of Bono Region has posted satisfactory gains in its performance indicators to consolidate year-on-year-on growth. Amid the myriad of operational challenges that stemmed from the troubled macroeconomic environment, largely because of the coronavirus pandemic and the financial sector clean-up by the regulators, the bank remained …
The Services Sector maintained its dominance as the leading job-providing sector in the economy, accounting for 83.1% of total job adverts recorded in the first quarter of 2021, data from the Bank of Ghana has indicated. This compares with a share of 83.2% recorded during the same period of 2020. Industry followed with a share …
Businesses must reduce their reliance on banks for funding and consider other sources of finance to support their operations, Paul Ababio, Deputy Director-General in Charge of Finance at the Securities and Exchange Commission, has observed. Speaking to Business24 in an interview, he said there are other avenues whereby especially small and medium enterprises can raise …
Watchdog for fund managers in the country, the Securities and Exchange Commission (SEC), has extended letters of invitation to 101 directors from 34 defunct firms to aid the Commission in ascertaining the roles played by these persons in the sub-par running of their respective firms, and proffer punitive measures where necessary. This was disclosed by …
The Bank of Ghana (BoG) says financial institutions must, within 24 hours of receiving a complaint from a customer regarding the capture of a payment card by an Automated Teller Machine (ATM), take steps to identify the cardholder and further work expeditiously to return the card to the customer. The central bank, in a directive …
The Ghana cedi ended the first half of this year with a marginal depreciation of 0.04% to the US dollar. This was triggered by an uptick in demand over the second quarter which overturned the impressive appreciation in the first quarter of this year. But the Bank of Ghana’s policy interventions, particularly the Forex Forward …
Ghana is no longer on the European Union’s list of blacklisted countries that has failed to put in measures to fight money laundering. This follows the removal of the country from the league of countries cited for money laundering by the Financial Action Task Force today 25th June, 2021. Prior to that, the European Union …
Members of the Mobile Money Agents Association of Ghana (MMAAG) have announced in increase in cash out services effective, Thursday July 1. This means customers will now have to pay more for cash-out services than before. A statement issued Monday June 28 by the association appealed to customers to bear with them and comply. “To …
The Bank of Ghana has declined an invitation to appear before Parliament to assist it with investigations over the revocation of the banking licenses of Unibank and UT Bank. Writing through its lawyers, Bentsi-Enchill Letsa and Ankomah, the central bank explained that the petitioners, Prince Kofi Amoabeng and Dr Kwabena Duffour, the owners of the …