Duffour Tells Financial Institutions
A former Minister of Finance, Dr Kwabena Duffuor, said that MM sector was poised for growth because it had become widely accepted by the citizenry, therefore, it was incumbent upon banks and...
Tag: money
Government Begins Roadshow To Consolidate Investor Confidence In Economy
Government has started engaging investors outside the country to try and address any concerns they have with the Ghanaian economy. The engagement with these investors which has been described as a...
Debt Profiling To Avert Weekly GHc1bn Burden – Charles Adu Boahen
The Deputy Minister of Finance, Charles Adu Boahen has revealed that the government’s debt management plan will save the country the burden of seeking one billion cedis every week to repay its...
Securing Your Financial Future Begins Today – Banking Expert
Almost everyone has experienced the dreaded feeling when they go broke a few weeks after receiving their salaries. The reason for feeling this way is simple, says Nana Dwemoh Benneh, Head, Personal...
We Are On Course With Our Debt Restructuring Plan
The Vice President, Dr. Mahamudu Bawumia has stated that government has began processes aimed at restructuring Ghana’s public debt stock. The Vice President was speaking at Joy FM’s town hall...
MTN Assures Customers of Commitment To Mobile Money Interest Payment
Telecommunications network MTN has explained the reason why it sent bulk sms to its Mobile Money customers over interest payments. According to a release on Saturday, April 15, MTN said it had...
US Wholesale Prices Dip In March But Annual Gain Strongest In 5 Years
US wholesale inflation fell slightly in March but the annual measure hit its fastest pace in five years, the Labor Department reported Thursday. While analysts had been expecting a monthly slowdown,...
2017 Budget To Determine BoG’s Single Digit Inflation Target
The Ghana Statistical Service has told Citi Business News the Bank of Ghana’s single digit inflation target should be achieved if policies outlined in the 2017 budget impact on prices of goods and...
Hidden Conditions Hurting Insurance Penetration- NIC
Currently, the sector’s contribution to the Gross Domestic Product(GDP) of the country is estimated below 1.5 percent. Countries such as Nigeria and Kenya are said to have insurance penetration of...
‘Insurers Must Be Financially Sound’
Commissioner of Insurance, Madam Lariba Bawa, has stated that insurance companies must be financially sound and liquid to be able to honour their obligations. This, according to her, requires that...
Gov’t To Increase Financial Access To Adults
Deputy Minister for Finance and Economic Planning, Mrs. Abena Osei-Asare, has revealed that government, in collaboration with development partners, is developing a national Financial Inclusion...
Merge To Meet Capital Requirement- NIC Urges Insurance Companies
The National Insurance Commission (NIC) has urged insurance companies that are struggling to meet the minimum capital requirement to consider merger before the time given them to meet the condition...
NPRA Introduces Incentives To Attract More Pension Funds
The National Pensions Regulatory Authority (NPRA) has initiated measures to encourage high participation of Corporate Trustees to maximize the coverage of persons in the informal sector. The...
GCNet Pays C17m Dividend To Government
The Ghana Community Network Services Limited (GCNet) presented a cheque for GH17 million as dividends for 2016 to government. The amount represents the final part payment of dividend for 2016 after...
New Banking Regulations Will Promote Sector – BoG Assures
A deputy Governor of the Bank of Ghana, Johnson Asiama, has urged financial institutions to see regulatory requirements key improving the banking sector. According to him, these requirements and...
Regulatory Requirements Not Impediments – BoG
Dr. Johnson Asiama says financial institutions should not see regulatory requirements as impediments. According to him, these requirements and guidelines must be embraced to ensure that “we all...
Yellen Warns Fed’s Independence Under Threat
The US central bank's shield from political interference is "under some threat" from Congress, a prospect that could erode progress in the economy, Federal Reserve chief Janet Yellen warned Monday....
FNB Forecasts 4.5% Economic Growth Lower Than Government’s Projection
First National Bank has said the Ghanaian economy is not likely to expand as much as the government expects, pegging its economic growth projection for the year at 4.5percent, as against...
Wonga Breach Affects ‘up To 270,000 In UK and Poland’
The payday loan firm Wonga has said up to 270,000 of its customers may have been affected by a data breach. The firm said it was "urgently investigating illegal and unauthorised access to the...
‘Fake News’ Another Weapon In Orban’s Illiberal Hungary
Few outlets illustrate better the cosy relationship between Hungary's media and Prime Minister Viktor Orban than Origo, once an independent news source, now seemingly another weapon in the...