Plan Ghana, Global Affairs Canada, empowers rural women in Ghana

Plan International Ghana in partnership with Global Affairs Canada is empowering rural women in Ghana through an initiative dubbed “Women’s Innovation for Sustainable Enterprise” (WISE). The WISE project is built on the inspiration, power and potential of Ghanaian women entrepreneurs and women-owned businesses and seeks to contribute to increase realization of right to economic empowerment, …

BoG cautions public against fraudulent “Worldremit” money doubling scheme

The Bank of Ghana (BoG) has warned the public against doing business with a fraudulent money doubling scheme operating in Ghana under the pseudo name “Worldremit”. According to the central bank, this fraudulent scheme is distinct from the globally renowned Fintech, “WorldRemit” which is in the business of international fund transfers. A statement released by …

GCB Bank supports ECOWAS parliament

The Economic Community of West African States (ECOWAS) is scheduled to organise a seminar aimed at promoting peace and democratic elections in the sub-region. The seminar is being organised by the ECOWAS Parliament with the theme, “TwoDecades of Democratic Elections in ECOWAS Member States: Achievements, Challenges and the way Forward” will be held from 12th -15th October …

SEC regulated investment companies to ‘cough up’ GH¢458 million to pay RCBs

The Rural and Community Banks, RCBs, after exhibiting resilience in their operations and battling it out during financial reforms still have a total of GH¢457.86 million locked up with investment companies that are regulated by the Securities and Exchange Commission, Business & Financial Times has learnt. At the beginning of the reforms, the total amount …

Banks see deposits fluctuate over slow private sector recovery

Data published by the Bank of Ghana has shown that growth in deposits of commercial banks have been fluctuating in the last eight months, with figures in August even showing a decline, a development banking consultant, Dr. Richmond Atuahene, has attributed to the difficulty private sector is facing in the current pandemic-hit climate. The Summary …