Ramadan is a time for daytime fasting and lavish evening feasts, but Egyptians are scaling back preparations for the Muslim holy month this year after austerity measures fuelled decades-high...
US central bank policymakers want to see proof the country's economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. They said it would be...
The Bank of Ghana is set to increase the minimum capital of banks from GH¢120 million to GH¢200 by July this year, following extensive engagements with stakeholders in the financial sector. This is...
Business laws and regulations are made to protect consumers and uphold the integrity of commerce MODERNIZING GHANA’S BUSINESS LAWS: The case for replacing the Borrowers and Lenders Act with a...
US central bankers say the time will "soon" be right to once more raise the key lending rate, according to the minutes of the last Federal Reserve meeting released Wednesday. Monetary policymakers...
Former Member of Parliament for Asunafo South Constituency George Boakye is seeking clarification from the British High Commission over a ‘visa fraud’ case he is cited in. According to the ex-New...
The British High Commission has rejected a request by the former Asunafo South Member of Parliament, George Boakye, for a withdrawal of visa fraud allegations against him. Lawyers for the High...
China has received a downgrade on its credit score, on worries about the future state of the economy. Moody's Investors Services brought down China's long-term local currency and foreign currency...
The Private Enterprise Federation has lauded the move by the Bank of Ghana to reduce the MPC rate by 100 basis points although they admit that a further reduction would have had a greater impact on...
Oil exploration company, Tullow is seeking to invest in new exploration opportunities in the country, aside its two major projects, Jubilee and Tweneboa- Enyera- Ntomme (TEN) fields. The new...
Ecobank has announced the finalists in the ‘Ecobank Fintech Challenge,’ a competition for African technology start-ups. The list includes 20 innovators from across the continent. The startups...
Government has honoured its financial obligation of paying two out of the three terms accumulated feeding grants owed authorities o second cycle institutions in the three regions of the north. Some...
Top Ghanaian fintech company, expressPay, has introduced a new service on its platform that enables users to transfer money instantly to bank accounts all over Ghana. This service, Bank Direct,...
The Monetary Policy Committee of the Bank of Ghana has reduced the monetary policy rate from the previous 23.5 per cent to 22.5 per cent. The rate has, therefore, been reduced by 100 basis points....
Ahead of the announcement of a new policy rate by the Bank of Ghana on Monday, some economists are predicting a further drop in the policy rate. Economist Professor Godfred Bokpin explains to Citi...
Some players in the telecom industry have indicated their readiness to handle the payment system of workers in the country through the mobile money platforms. They point out that with the right IT...
The figures are contained in Bank of Ghana's Summary of Economic and Financial Data The Bank of Ghana has disclosed that Ghana’s debt has reached a total amount of GHC129.5 billion representing a...
CEO of DreamOval, Derrydean Dadzie has said that Slydepay now has over 30,000 subscribers. According to him, Slydepay, which started as iWallet, was a University project which was started by one of...
US asset management giant Blackstone and Saudi Arabia's main sovereign wealth fund announced Saturday they are launching a $40 billion investment vehicle to finance infrastructure renovation in the...
In what may appear to be a disappointing news for industry, some economists are predicting that the central bank will maintain the monetary policy rate in its next review instead of further reducing...
