‘We Don’t Cheat Our Clients’
Group Head of Corporate Affairs and Marketing at GLICO Group, Nana Efua Rockson, has dispelled the erroneous impression created by section of the public that insurance companies cheat on...
Tag: money
Government Engages Banks On Cheap Credit
Government has begun informal talks with key financial institutions on how to reduce the cost of credit and make same available to the private sector to spur growth, Business Development Minister,...
Ghana’s Inflation To Decline
Inflation will continue to fall in Ghana in 2017, following several years of extraordinarily high price growth, Fitch has predicted. According to the ratings agency, “having peaked at 19.2 percent...
US Household Debt In 2016 Posts Biggest Jump In A Decade
US household debt surged $460 billion last year, the biggest increase in 10 years, and has nearly returned to the peak level before the global financial crisis, the New York Federal Reserve said...
PPP, CPP Kick Against Moves To Use Heritage Fund For Free SHS
Some political parties have kicked against Senior Minister Osafo-Maafo’s suggestion for government to consider using the Heritage Fund for the implementation of the free SHS policy this year. The...
Ghanaian Banks Face High Asset Risks, Despite Solid Capital Buffers
High asset risks pose the biggest challenges for banks in Ghana, says Moody's Investors Service in a report published today. "We expect asset risk for banks in Ghana to remain high over the coming...
Banks Minimize Lending Due To High NPLs
Citi Business News has gathered that banks in Ghana have reduced lending to the private sector due to the continuous rise of Non Performing Loans(NPLs). The banks believe the move will reduce the...
Heritage Fund Debate Builds Up
The decision by Nana Akufo-Addo’s administration to finance its flagship free Senior High School policy with petroleum revenues has stirred controversy about the usefulness of the Ghana Heritage...
US Actor Ashton Kutcher Urges End To Child Sexual Exploitation
Ashton Kutcher told the committee that he had seen things "that no person should ever see" US actor Ashton Kutcher urges end to child sexual exploitation Actor and human rights campaigner Ashton...
Return On Investment of Ghana Heritage Fund Declines
Return on investment of Ghana’s Heritage Fund recorded a decline in the second half of 2016 as compared to the first half of the same year. A report released by the Bank of Ghana on the performance...
Norfund’s Arise Acquires 27.7% of CAL Bank
CAL Bank has assured that an acquisition of 27.7 percent stake in the bank by Arise Investment will further grow the company to entrench its position as one of the leading banks in Ghana. Arise...
UK Inflation Highest Since June 2014
Inflation has reached its highest rate for two-and-a-half years, mainly as a result of the rising price of fuel. Annual inflation as measured by the Consumer Prices Index (CPI) reached 1.8% last...
Be Transparent In Managing Oil Revenue – Duffuor
A former Finance Minister Dr. Kwabena Duffuor is urging Parliament to ensure transparency in the management of Ghana’s oil revenue. This comes as government readies to gain from the benefits of the...
SSNIT To Bail Housing Sector
The government has hinted of its intention to rely heavily on pension funds from the Social Security and National Insurance Trust (SSNIT) to help bridge the housing gap in the country. The Minister...
Servicing Debt With 10% of GDP Unsustainable – Duffuor
The current trend where 10 per cent of Ghana’s Gross Domestic Product (GDP) is used in servicing the country’s debt should be reconsidered because it is not sustainable, Dr Kwabena Duffuor, a...
We’ll Pay Insurance Claims Soon – NHIA
The National Health Insurance Authority (NHIA) is collaborating with the Ministry of Health to release monies pay hospitals overdue NHIS claims. Some government hospitals have complained about the...
We’ll Pay Insurance Claims Soon
The National Health Insurance Authority (NHIA) is collaborating with the Ministry of Health to release monies pay hospitals overdue NHIS claims. Some government hospitals have complained about the...
The Biggest Players Today On Wall Street? Algorithms
They are agnostic on market direction, but ubiquitous in markets. Firms like Goldman Sachs and Morgan Stanley may get the headlines, but algorithms are the real force today on Wall Street. The...
Arise B.V Acquires 27.7% Stake In CAL Bank As DPI Exits
CAL Bank Limited has announced that its second largest shareholder DPI has successfully sold its 27.7 percent stake in CAL Bank to Arise BV of Netherlands. Since 2012, when DPI, a leading...
Aon To Sell Benefits Outsourcing To Blackstone For $4.3 Billion
They typically seek to sell ownership of such assets at a big profit a few years after they invest. Insurance broker Aon PLC (AON. N) said on Friday it agreed to sell its benefits administration and...