MTN, Africa’s biggest mobile operator, is gunning to become Africa’s biggest bank. The ambitious business strategy was revealed by MTN CEO Rob Shuter yesterday during the Deloitte Africa in 2018 Outlook conference in Woodmead. The company is encouraged by the progress made by its Mobile Money offering in other geographies that it operates in. This is despite …
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 20 percent. The decision was announced at the media briefing to conclude the MPC’s annual meetings on Monday, January 22, 2018. The MPC last year (2017), reduced the policy rate by 550 basis points. In 2017, the figure went …
In 2018, we look forward to new opportunities for business development in Ghana. However, we are also concerned about significant challenges that the key stakeholders need to address. Our team at JCS Investments has identified five themes that should be at the forefront of conversations this year. We believe that some of these challenges require …
In an effort to reinforce its competitive urge and consolidate growth, the Kintampo Rural Bank Limited has initiated steps to roll out a number of electronic banking products in 2018. The bank has procured three ATM machines, ready for installation at its headquarters at Kintampo, in the Brong Ahafo Region, and two other branches at …
The Annual Percentage Rates (APR) and Average Interest (AI) report for December 2017 released by the Bank of Ghana have shown that the lending rate to the agriculture sector remain high, as it hit 31.1 percent at the close of 2017. The report shows that out of the 31 commercial banks in the country, 13 …
Government missed out on its inflation target for year 2017 by 0.6 percentage points, ending the year with 11.8 percent against a target of 11.2 percent, the Ghana Statistical Service’s (GSS) December release has shown. The figure also represents a 0.1 percentage point rise over the 11.7 percent recorded in November 2017. Also compared to …
One lesson Ghanaians ought to have learnt from the extended power crisis suffered recently, is that the pace of our country’s development will be slow and uncompetitive, if it is not supported by a strong and efficient power sector. Ghana is today set on an industrial development path; propelling improvements in the economic and social …
The average interest rate at which commercial banks lend to their customers remained unchanged at 25.7% in December 2017. This is the third consecutive time that the base rates have been kept unchanged at 25.7 percent. The base rate is the lowest rate at which a bank would lend to its customers. According to the …
The Deputy Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Hajia Abibata Shanni Mahama Zakariah has said that given the strategic role of women in the socio-economic development of Ghana, MASLOC would ensure that the President’s vision of job and wealth creation was fulfilled with emphasis on women. Women constitute over 51% …
Stock market analysts have predicted a positive growth of the Ghana Stock Exchange at least for the first quarter this year. The prediction follows a positive performance of the local bourse for last year. In 2017, the Ghana Stock Exchange witnessed an over 50 percent growth. Nineteen (19) out of the thirty eight (38) listed …