Kenya’s private equity fund that is backed by the private sector arm of the World Bank has raised about 30 million U. S. dollars to fund small and medium enterprises (SME) in the East Africa...
The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25% on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak...
The chairman of a Chinese insurance group that sought a business deal with the family of US President Donald Trump's son-in-law has stepped aside following a report that he was taken away by...
The Trump administration has said it wants to ease oversight of smaller banks and curb the Consumer Financial Protection Bureau's powers. The report from the Treasury Department outlined...
The interest charged by banks and other lending financial institutions on loans and advances to individuals and corporate clients, has consistently declined over the past five months. According to...
Ghana Statistical Service (GSS) is expected to announce the consumer price inflation for the month of May 2017 in the coming days. The year-on year inflation rate measured by the CPI with 2012 as the...
Capital Bank has organised a training programme aimed at building the capacity of over 100 of its trade clients on the regulatory framework governing trade transactions. The event was also used to...
The US Federal Reserve was due to begin a two-day review of monetary policy on Tuesday, with the second interest rate increase of 2017 seen as a near certain result. Any increase, however, would come...
Germany's Deutsche Bank has agreed to pay $170 million to settle a private lawsuit charging it conspired with other major banks to rig a key interest rate, according to a US court filing Monday. The...
Financial sector analysts are predicting a further contraction in credit to the private sector following their high contribution to the Non Performing Loans (NPL) of banks. They argue that the...
The White House on Monday issued a roadmap for loosening US banking regulations, including a recommendation to ease "stress tests" for large banks, according to a report published by the Treasury....
Credit ratings agency Moody's on Tuesday said it had downgraded a slew of top South African banks, insurers and local authorities prompted by fears over the country's worsening financial position. It...
The world has a new puppetmaster. From his New York home, US financier-cum-philanthropist George Soros has manufactured Europe's migration crisis, backed a coup in Macedonia and sponsored protests in...
The Finance Minister, Ken Ofori-Atta, has said critics of the cedi denominated US$2.25 billion bond risk scuttling government’s efforts at restoring the economy to a path of growth, following the...
Kaiser Global Health Limited has launched Ayarisa, a novel product that offers health insurance services using the mobile phone as a primary enabler. Ayarisa utilises mobile technology to extend...
Government has begun moves to convert all post offices in the country into electronic service centres to deepen digital financial inclusion and internet access in the hinterlands. According to...
The banking industry’s stock of Non-Performing Loans (NPLs), increased by 24.5 percent between April 2016 and April 2017, the Bank of Ghana’s latest banking sector report has shown. The...
The Chartered Institute of Bankers (CIB) says the decision by the government to issue new bonds to pay off legacy debts will bring significant relief to the banking industry. Its Chief Executive,...
The National Pensions Regulatory Authority (NPRA) has disclosed of plans to achieve at least 80 percent subscription by informal sector workers within the short to medium term. The pensions’...
The leadership of Parliament is expected to seek further clarifications from officials of the Ghana Revenue Authority(GRA) and the Finance Minister over the implementation of the Value Added...
