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 Minister of Communications Ursula Owusu Ekuful has argued that it will be appropriate for the government to tax the transaction fees mobile money companies charge when they conduct mobile money transactions. Addressing the press in Accra on the performance of the Common Monitoring Platform operated by KelniGVG, the Communications Minister said mobile money companies …
About 80% of retail consumers between the ages of 17 to 39 preferred to shop online using smartphones and the internet. According to Firmus Advisory, Market research, regulatory compliance and trade development consulting firm, in its recent survey, disclosed that a lot more purchases are still done through traditional means, especially for food and beverages. …
The Communications Minister has warned that Mobile Network Operators that fail to roll over unused data and voice bundles purchased by subscribers upon expiration would risk forfeiting their licences. Ursula Owusu Ekuful entreated telcos that do not agree with the Ministry’s policy directive to go to court for redress rather than rob consumers by passing …
The GCEEI, a startup accelerator and business advisory firm which has operated in Ghana over the last 8 years, has rolled out a much-awaited business directory helpline to connect young entrepreneurs to the right resources. The business directory helpline, which is part of a newly set up Enterprise Development Support Project (EDSP), will play a …
The Bank of Ghana (BoG) has increased the minimum capital for Mobile Money companies from GH¢5 million to GH¢20 million. This means an increase of about 300%. According to a statement from the BoG, “The emergence of new payment streams, institutions such as financial technology companies and the general acceptance of electronic money have necessitated …
The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world’s leading oil exporter, after briefly overtaking the OPEC kingpin to claim the number one spot earlier this year. “Booming shale production has allowed the U.S. to close in on, and briefly overtake, Saudi Arabia as the world’s top oil exporter,” the IEA said in …
The total value of mobile money transactions for the first six months of this year reached 140.2 billion cedis, up from the 104.6 billion cedis recorded in the same period in 2018. Data released by the Bank of Ghana shows that this represents a 34 percent rise in the value of transactions recorded for the …
The Bank of Ghana (Bank of Ghana) has warned against the pricing, advertising and receipt or payment for goods and services in foreign currencies. This is the third time this year the BoG has issued the notice prohibiting the act after similar calls in April and May. Some institutions and individuals trade in foreign currencies …
Ghanaian businesses that export products to the UK will be compelled to pay tariffs on their goods exported from next year after Britain exits the European Union. This will happen if the government fails to sign a continuity agreement for its exporters to enjoy the benefit of the Economic Partnership Agreement (EPA) with the UK. …