The Bank of Ghana (BoG) has directed banks with minimum capital below industry levels to, as a matter of urgency, submit to the central bank comprehensive recapitalization plans. This is to...
Vice President Dr Alhaji Mahamudu Bawumia on Monday said the New Patriotic Party (NPP) has recorded 103 achievements within the first 100 days in office. Speaking at a Town Hall Meeting at the New...
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...
Iran's central bank said Sunday it will appeal Luxembourg's decision to freeze $1.6 billion of its assets, which the US is claiming as compensation for victims of the September 11, 2001 attacks. The...
Banks operating in the country have reduced their investments in Treasury Bills from 79.2 percent in December 2015 to 78.1 percent December 2016. According to the Bank of Ghana Financial Stability...
A Luxembourg court on Wednesday denied a demand by Tehran to repatriate $1.6 billion of Iranian assets claimed by the US as compensation for the victims of the September 11, 2001 attacks. The judge...
Supreme leader Ayatollah Ali Khamenei fleshed out his vision of a "Made in Iran" economy Tuesday, calling for a ban on certain imports and an end to the $15-billion smuggling trade. The annual speech...
Iran's supreme leader Ayatollah Ali Khamenei on Monday reiterated a call for a "resistance economy" that prioritises domestic production. In a televised message to mark Nowruz, the Persian New Year,...
Hyundai has signed a deal worth three billion euros ($3.2 billion) to invest in a major Iranian oil project, the South Korean firm confirmed on Monday. Hyundai Engineering plans to invest 3.1 billion...
Iran said Tuesday it was "completely unfair" for US lawyers to try to seize its overseas assets as compensation for the victims of September 11, 2001. In 2012, a New York judge ordered Iran to pay $7...
The Ghana cedi remained relatively stable against the major trading currencies in the currency market, on account of tighter monetary policy and improved foreign exchange inflows for the period of...
Ghana is a nation of 26million inhabitants, with a Gross Domestic Product (GDP) of almost US$35billion, and a universal bank tally of 35. South Africa is a nation of 55million inhabitants, with a GDP...
Uncertainty surrounding the sanctions on Iran and its relations with the United States pose a risk to the oil-producing nation's economy, the International Monetary Fund said Monday. The comments...
Economist Courage Kinsley Martey assessed that access to credit in the economy will continue to be a challenge, for the private sector and the business community. The Bank of Ghana released its...
Iran said in January its daily output was close to 3.9 million barrels. Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next...
Energy think tank Africa Centre for Energy Policy (ACEP) has said the Akufo-Addo government must stay off using the Heritage Fund to finance its Free Senior High School policy. In a statement signed...
Iran will ban Americans from entering the country in response to US President Donald Trump’s “insulting” order restricting arrivals from Iran and six other Muslim states, the foreign ministry...
Growth of demand deposits (current and savings accounts) grew more than time or fixed deposits as at the end of November 2016, according to the latest summary of Macroeconomic and Financial Stability...
The Head of Banking Supervision at the Bank of Ghana, Raymond Amanfu, has predicted of an improved performance of the banking sector in 2017. According to him, the relative stability in some...
The Head of Banking Supervision at the Bank of Ghana, Raymond Amanfu, has predicted of an improved performance of the banking sector in 2017. According to him, the relative stability in some...
