Other aspects of the financial system, including investment funds, need attention since the banks cannot single-handedly drive the kind of transformation the new government seeks, Martin Ofori, CEO...
The Islamic State group launched a counter-attack Tuesday against US-backed fighters closing in on a key jihadist-held town in northern Syria, a monitor said. The Syrian Observatory for Human Rights...
The President of the Ghana Bankers Association, Mr Alhassan Andani, has called on the government to put in the right measures to address the depreciation of the local currency the cedis. He explained...
Telecommunication giant, Vodafone Ghana and HFC bank have separately donated cash sums to Citi FM’s Easter Orphan Project. Whereas Vodafone supported the project with GHc1, 500, HFC bank gave GHc1,...
Banks have intensified their search for collaterals from businesses and loan applicants in a bid to reduce growing number of non-performing loans (NPLS) in the banking sector that had hit GH¢ 6.2...
Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has significantly reduced its key lending to commercial banks, the biggest cut in rate in almost 10 years. This represents a 200 basis...
Several persons have been left injured with two hospitalized after four armed robbers on Monday evening stormed a local supermarket at Sandema in the Upper East Region. The four masked robbers at...
A lingering illness has led President Muhammadu Buhari to reduce his working day to a few hours since he returned from medical leave, slowing down the pace of economic reforms advanced in his...
The White House has confirmed that President Donald Trump’s son-in-law, Jared Kushner, also one his most senior advisers, will testify before the Senate Intelligence Committee. The committee is...
The Export-Import Bank (Eximbank) of India is seeking to increase Ghana’s Lines of Credit (LoC) from the present $400 million. This is as a result of what officials of the bank described as the...
By Jerry. J.Afolabi As the normal principle of economics says, when a domestic currency depreciates it makes the prices of goods and services decline compared to the international prices. This causes...
United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross...
There are indications that the Interoperability for mobile money contract awarded Sibton Switch Systems by the Bank of Ghana is being tempered with and a total cancellation being considered. And...
Economist, and Head of Finance Department at the University of Ghana Business School, Professor Godfred Bokpin has criticized the Bank of Ghana for delaying in announcing a reduction in the policy...
The Monetary Policy Committee of the Bank of Ghana has reduced the policy rate to 23.5 percent. This represents a 200 basis point reduction from the previous figure; 25.5 percent. Governor of the...
The Monetary Policy Committee (MPC) of the Bank of Ghana has reduced the Monetary Policy Rate by 200 basis points to 23.5 percent. At the 75th regular MPC meeting, Governor of the central Bank Dr....
The Monetary Policy Committee of the Bank of Ghana has reduced the policy rate to 23.5 percent. This represents a 200 basis point reduction from the previous figure; 25.5 percent. Governor of the...
Industry players are upbeat about a possible reduction in the policy rate to be announced by the Bank of Ghana later today. Their hopes are largely built on the declining inflation as well as drop in...
The twenty biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favourite destinations, a report by Oxfam said on Monday. The...
Despite high expectation on the part of the private sector for the Bank of Ghana(BoG) to reduce the policy rate due to government’s policy direction, some financial observers maintain that...
