Growth of currency outside banks reduced by 3.0 per cent to 16.2 per cent in January 2017, according to the latest Summary of Economic & Financial Data Report from the Bank of Ghana (BoG). The report...
Shareholders of CAL Bank will not receive dividends with respect to the 2016 financial year. “As a result of the reduced profitability and the need to preserve the capital base of the Bank and...
Ghana’s Central Bank could slash further its benchmark interest rate to as low as 17.50 per cent by the end of this year, investment firm, InvestCorp is predicting. With inflation trending...
India's central bank held interest rates on Thursday, in line with analysts' expectations, citing inflationary pressures from an imminent tax reform and the possibility of a poor monsoon. The Reserve...
The Social Security and National Insurance Trust (SSNIT) has not recovered the GH¢477.3 million loan it granted to eight public and private institutions and organisations, the Auditor-General’s...
It was just another day for Lemuel Nsiah-Kusi as he scrolled through his Twitter timeline catching up on tweets he had missed. His eye caught a tweet from one of his followers who tweeted about being...
Universal Merchant Bank, formerly Merchant Bank (Ghana) Limited, a bank Akufo-Addo, then in opposition, led the New Patriotic Party to accuse President John Mahama of selling to his brother; Mr...
Li Chaoqing fled his poverty-stricken Chinese hometown at age 14 for a new life in Shanghai, where he raised five children in a disused old boat on a polluted river. But Li, now a 53-year-old garbage...
Total deposits of the banking industry as at the end of February 2017 was GH¢53.2 billion, up from GH¢51.8 in January, representing 33.1 percent increase. The banking industry also recorded...
Some Economists have projected that Ghana will end this year with 6 percent economic growth, down from the government’s 6.3 percent target. According to an Economist for Global Markets at Stanbic...
Policymakers at the Federal Reserve continue to see "considerable uncertainty" about the effects of possible fiscal stimulus from the Trump administration, according to meeting minutes released...
Stanbic Bank Ghana says growth rate for the Ghanaian economy is not expected to go beyond 6%, a rate which is 0.3% lower than government’s projected 6.3%. Speaking at the 2017 Forex Risk Management...
The Bank of Ghana (BoG) has categorically stated that the new circulating GH¢5 note is just a ‘one off print’commemorative note but not a replacement of the existing note. Speaking at a mini...
The Bank of Ghana (BOG) is on a nationwide outreach program to educate Ghanaians about the security features on the new commemorative GHC5 bank note in circulation. The program, dubbed,...
US President Donald Trump has said that trade negotiations with China will be "very difficult" when he meets President Xi Jinping in Mar-a-Lago, Florida, on Thursday. Trade will be one of two key...
South Africa's ruling ANC party Wednesday expressed support for President Jacob Zuma after senior members openly criticised his cabinet reshuffle, citing fears of worsening corruption and economic...
United Bank for Africa (UBA) Plc, Africa’s Global Bank operating in 19 African countries including Ghana, has announced the promotion of 3,000 of its staff. This is to reinforce its commitment to...
NSIA Insurance has organised a health walk for its staff members in Accra. Management of NSIA initiated the staff health walk to bring to the fore the importance of exercising and healthy living....
President Donald Trump has promised sweeping reforms to "horrendous" US banking regulations that were introduced after the financial crisis. "We're going to do a very major haircut on Dodd-Frank," he...
A former deputy governor of the Bank of Ghana, Emmanuel Asiedu Mantey has expressed optimism in the newly appointed governor of the Bank of Ghana Dr. Ernest Addison. Dr. Addison was sworn in as the...
