Cellulant Fosters Ghana-Kenya Trade
Organisers of the Kenya Trade Expo Ghana 2017 have signed an agreement with Cellulant, a Pan-African FinTech Company. The agreement is part of an effort to encourage continued trade between the two...
Tag: money
Bawumia Charges Board
The Vice President Mahmmud Bawumia has charged the newly constituted Board of Directors of the National Health Insurance Authority (NHIA) to resuscitate the scheme. He said the scheme was at a...
South Africa’s Sanlam Offloads Shares In Enterprise Group
Enterprise Group Limited (Enterprise Group) has informed the Ghana Stock Exchange that South Africa’s largest insurer Sanlam Ltd has sold its US$ 130 million stake in the company. Sanlam Emerging...
The Slow-Motion Killer In the Banking System
There are growing concerns that the rising non-performing loan (NPLs) on the books of some banks in Ghana threatens their existence and depositor’s funds. There is the need for immediate enhanced...
Big Investor Payouts Seen At US Banking Giants
As they await this week's stress test results, US banks face a dilemma their European counterparts can only dream of: what to do with a pile of excess cash? The answer is expected to become clearer...
LeapFrog Acquires Minority Stake In Enterprise Group
Black Star Holding Limited (BSHL), a wholly owned subsidiary of LeapFrog Strategic African Investment (LSAI), has acquired the minority shareholder in three subsidiaries of Enterprise Group. The...
Bad Bank Loans Hit SSNIT
Social Security and National Insurance Trust (SSNIT) is suffering from the knock-on effect of loans gone bad in the banking sector, due to its large shareholding in the sector. With equity stake in...
PIAC Seeks Insurance Against Volatile Oil Prices
Public Interest and Accountability Committee (PIAC) wants government to consider hedging a portion of Ghana’s share of crude oil exports. Although the committee is recommending this to cushion the...
Why Commercial Banks’ Minimum Lending Rates Do Not Drop At the Same Pace As BoG’s MPR Cut
The Bank of Ghana’s Monetary Policy Rate (MPR) has been lowered by 350 basis points from 26% in January to 22.5%. This is the rate at which commercial banks borrow from the central bank on...
Tighten Security On Money Laundering
Bank of Ghana (BoG) has warned financial institutions in the country to tighten their security system to check money laundering activities. The central bank’s warning comes on the back of global...
US Could Ease Some Post-Crisis Regulation
"There is little doubt that the US financial system is stronger today than it was a decade ago," Jerome Powell said in testimony to be delivered before the Senate Banking Committee, but "we must also...
‘Falling Interest Rates Good For Financial Inclusion’
The steady interest rate decline in recent months, with a corresponding reduction in lending rates, augurs well for government’s quest to deepen financial inclusion in the country, CEO of...
10 Years After US Housing Crash, Remnants Accompany Recovery
Boarded-up homes became a ubiquitous symbol of the US housing crash, with once-prosperous neighborhoods left to decay as mortgage defaults soared and no new buyers emerged. Some 10 years later, the...
Banks’ Loans To Private Sector Increase By 45% In April – BoG Report
Banks have begun easing out their stance on credit to the private sector following declining interest rates. The Bank of Ghana’s latest Banking sector report reveals that the credit allocation by...
Financial Markets: Capital Vs. Money Markets
A financial market is a market that brings buyers and sellers together to trade in financial assets such as stocks, bonds, commodities, derivatives and currencies. The purpose of a financial market...
Global Stocks Gain As Macron Win Boosts Sentiment
European stock markets rose on Monday and US equities ended at records as traders cheered a strong victory for French President Emmanuel Macron's centrist party in parliamentary elections. London's...
Lower Pra Rural Bank Limited Make More Gains
The Lower Pra Rural Bank has increased its total deposit from GH¢56 million in 2015 to GH¢64 million in 2016 representing an increase of 14.3 per cent. The total assets of the bank also increased...
May Inflation Drops To Lowest In 3 Yrs
Inflation for the month of May 2017 dropped marginally to 12.6 per cent as against the 13 per cent recorded in April 2017. This is the lowest inflation rate since December 2013. The monthly change...
Government Urged To Insure ‘planting For Food and Jobs’ Project
he planting for food and jobs program is an initiative by the Ministry of food and Agriculture. The Ghana Agriculture Insurers Pool is urging government to insure its planting for food and jobs...
Effect of Policy Rate Cut By BoG On Banking Industry
Central Banks use monetary policy rates as the benchmark for charging interest on loans and advances to commercial banks. Whenever a commercial bank has a temporary shortage of funds it usually...