When the COVID-19 pandemic took hold early in 2020, a cloud was cast over the prospects of maintaining standards of living and the provision of basic but vital goods and services to the unbanked majority who would not be able to execute cash linked transactions. It quickly became clear that mobile technology, and mobile money …
The Ghana Investment Promotion Centre (GIPC) has been adjudged Africa’s best investment promotion agency for the third consecutive year by the Capital Finance International magazine (CFI.co) In the citation for the award, the CFI.co highlighted GIPC’s multi-level approach to investment attraction leveraging technology, social media, and other ingenious initiatives to deliver on its mandate. It …
The Securities and Exchange Commission (SEC) has issued guidelines to regularise the operations of credit rating agencies (CRA) in the country, allowing for an independent evaluation of the creditworthiness of debt securities on the Ghana Fixed Income Market. Per the new guidelines issued last week, SEC requires that any foreign company that is licenced as …
Despite being one of the largest and reliable sources of revenue to the government of Ghana, tax revenue collection in Ghana is constrained by many factors. The tax to GDP ratio of Ghana remains far below what the government targets to achieve by 2023. The Government of Ghana’s target is to achieve tax to GDP …
Atwima Kwanwoma Rural Bank Limited at Pakyi No2 in the Amansie Central District of Ashanti Region has recorded a remarkable operational performance in the 2020 year under review. Directors of the Bank never allowed the odds of the pandemic to cripple their responsibility to innovate and formulate practicable policies to ensure that the bank maintains …
Mr Crispin Bobio, Energy Analyst, Baobab Energy Consult, says Ghana can build a low-cost, competitive and sustainable power sector if government discloses future Power Purchasing Agreements (PPAs). He said transparency of PPAs would level the playing field for all firms and reduce governance and investment risks and build public confidence about government’s management of the …
…but still lags behind consumer price increases Further evidence that inflationary pressures are intensifying across the Ghanaian economy emerged last week with the revelation that Producer Price Inflation (PPI) for September 2021 was 8.8 percent – up from 8.1 percent in the previous month – according to new data released by the Ghana Statistical Service …
Ghana is working towards offering its Central Bank Digital Currency (CBDC) to citizens without an Internet connection. The Bank of Ghana has revealed that the bank is working on a pilot to test the viability of offline payments as it seeks to target the wider populace in line with its stated objective of intensifying financial …
…………as such businesses need long-term funds Chief Executive Officer of UMB Bank, Nana Dwemoh Benneh, has said the short-term nature of banks’ lending means that they cannot be first point of call for start-ups, rather, new businesses need to first find patient capital during their formative years after which they can then access support from …
Reverend Daniel Ogbarmey Tetteh, Director-General, Securities and Exchange Commission (SEC), says for any economy to grow and develop, savings and investment were key. He said the ability of individuals and households to save and invest was a key driver of the economy. Rev Tetteh was speaking at an event dubbed, “Time With the SEC” for …