Prime News Ghana

Today's Ghana Business, Banking and Economic news

Parliament: 2022 budget debate begins today

Members of Parliament will from today, Tuesday, November 23, 2021, begin the debate on the 2022 Budget Statement and Economic Policy as presented by the Finance Minister last week.

BoG raises policy rate to 14.5%

The Bank of Ghana (BoG) has raised the rate at which it lends to commercial banks to 14.5% after maintaining it for three consecutive times at 13.5%.

SSNIT withholds GH¢186.58m of pension benefits

Deputy Director-General of Operations and Benefits at the Social Security and National Insurance Trust (SSNIT), Laurette Korkor Otchere, has revealed that the Trust withheld the pensions of about 24,333 pensioners, amounting to GH¢186.58million, as of November 2021.

A debenture as a long-term financing tool for companies- The law and practice

INTRODUCTION

In the 22nd October 2021 publication of the B&FT Newspaper, the Chief Executive Officer of UMB Bank, Nana Dwemoh Benneh speaking at the 10th Ghana Economic Forum during a panel discussion on the topic "Contemporary approaches to financing start-ups; insights from key industry players" was reported to have said, “Bank loans are not for start-ups”.