Telcos Want Mobile Money Limits Increased
Telecommunication companies are impressing on the Bank of Ghana to review the maximum amount for mobile financial service transactions in the country. The telcos argue that they are sometimes...
Tag: finance
Local Dollar Bond Set To Begin A Train of Issuance
The overwhelming success of government’s debut local dollar bond could serve as a precedent for bigger and longer term issuances, Kofi Awuku, a member of the book building team has said. The...
Terkper To Present Advance Budget To Parliament
The Minister of Finance, Seth Terkper, is expected to present to parliament on Thursday an advanced budget covering government spending from January to March 2017. This practice is in accordance with...
Graduate Joblessness Scares Students From Loan Scheme
Aside the difficulty in getting guarantors, students are running away from the Students Loan Scheme due to rising graduate unemployment, as they are not sure they can land jobs immediately after...
Money Lenders Move To Cut Risk
The hierarchy of the Money Lenders Association of Ghana (MLAG) has encouraged members of the Association to adopt credit reference bureaus as a strategic response to the high rate of loan defaults,...
How A New Debt Trap Has Been Set
Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year. Ghana's crisis...
Success of Ghana’s First Local Dollar Bond Attributed To Better Incentives
An economist, Dr John Gatsi, says the successes chalked by government in the issuance of Ghana’s first domestic dollar-denominated bond was due to what he termed as better incentives provided to...
About 2,000 Traders Get Boost From Capital & More To Expand
About 2,000 traders in Accra who would have found it extremely difficult to access credit facility from banks, have been given a collateral-free loan by Capital and More Microfinance, to expand their...
Gov’t May Not Be Able To Tackle Public Debt In Good Time
Chief Executive of Dalex Finance, Ken Thompson, has cast doubt over government’s ability to tackle the public debt in good time to the benefit of the economy. As at July this year, the country’s...
Ghana Issues Maiden Dollar Bond On Local Market
The government last week trapped additional foreign exchange into its vault when it issued a United States dollar-denominated bond on the local market to raise a total of $94.64 million at a coupon...
NPP 2016 Manifesto Is Phenomenal – IMANI
Policy think tank, IMANI Ghana has praised the New Patriotic Party (NPP) for the contents of its 2016 manifesto describing some aspects of the document as “noble.” According to President of IMANI...
Guinness Ltd Benefits From StanChart’s Vendor PrePay
Guinness Ghana Breweries Ltd (GGBL) is the first client to benefit from Standard Chartered’s ‘Vendor PrePay’ (“VPP”) product in Africa. It is an innovation aimed to promote local economic...
Ghana Issues Maiden Domestic Dollar Bond?
Government successfully issued a US Dollar denominated bond on the domestic bond market. ? ?The 2-year bond issued last Thursday was highly subscribed to an amount of $94.64 million at a coupon rate...
IMANI Tackles NPP Over Campaign Promises
Policy think tank, IMANI Ghana has praised the New Patriotic Party (NPP) for the contents of its 2016 manifesto describing some aspects of the document as “noble.” According President of the...
FirstBanC, Databank Group Steal Show At Ghana Investment Awards
FirstBanC Financial Services Ltd and Databank Group stole the show at the 2016 edition of the Ghana Investment Awards in Accra. FirstBanC Financial Services Ltd carried home four Gold Awards for...
Audit Exposes How Employees, Suppliers Wrecked Kenya Airways
On Wednesday, February 11, 2015, a Kenya Airways employee in charge of treasury and controls, received the first of several payments from the collapsed Dubai Bank — $20,000. By the end of June of...
Kenya Ranked 3rd On Access To Credit In Sub Saharan Africa
Kenya is ranks third in Sub Saharan Africa for access to credit, a survey by the Institute of Chartered Accountants in England and Wales shows. Kenya trails Rwanda and Zambia for ease of credit...
IMANI’s Comments On 5 Key Economic Promises of the NPP
Pledge: Corporate taxes shall be reduced from 25% to 20% in an NPP administration. Capital equipment will be tax-free. VAT on imported medicines not produced in Ghana to be abolished. VAT on domestic...
Europe Barred By Fifa From Bidding For 2026 Tournament
European countries will not be able to host the 2026 World Cup because of Fifa’s rotational policy. It means the previous two host confederations – Europe in 2018 and Asia in 2022 – are barred...
BoG Woos Banks To Agric Financing With GH¢100m Initiative
The central bank is confident a GH¢100 million guarantee it is providing will court commercial banks into agriculture financing, a venture the banks have kept away from due to its perceived risks....