The successful rollout and adoption of the Pan-African Payment and Settlement System (PAPSS) could diminish the clamour for a regional or continent-wide single currency, Executive Vice President – Finance, Administration and Banking Services, Afreximbank, Denys Denya has suggested.
Former Finance Minister, Seth Tekper is cautioning the government not to breach the Public Financial Management Act by making sure the $1 billion dollar in Special Drawing Rights (SDR) from the International Monetary Fund goes through the Appropriation Act- an act of Parliament- before being spent.
President Nana Akufo-Addo on Tuesday rallied German investors and industrialists to invest in Ghana because of the conducive and vibrant business atmosphere in the country.
“We will continue to create and maintain the conducive investment environment that not only guarantees the safety of investments, but good returns as well. We will continue to protect legitimate investments, and preserve the atmosphere of peace, stability and security that has been an important contributor to the increasing presence of German businesses in Ghanaâ€.
The Chief Executive Officer of MTN Ghana, Selorm Adadevoh has announced a partnership with 6 other multinationals to build a comprehensive subsea data cable to serve the African continent and the Middle East region.
The Cocoa Marketing Company (CMC) and Ghana Shippers’ Authority (GSA) have started processes to negotiate cocoa freight charges for the 2021/2022 cocoa season. 24 shipping lines ferrying Ghana’s cocoa beans to the international market will be taking turns to negotiate with the CMC and GSA to determine rates for the upcoming crop season.
Access Bank has recorded strong growth in its financial performance for the first half of the year, with a 16% and 12% year-on-year (YoY) growth in its net interest income and pre-tax respectively. This comes despite the subdued economic conditions brought about by a spike in coronavirus cases at the turn of the year.
Ghana’s Nuclear Power Plant will soon provide safe, clean, and affordable energy to support Ghana’s quest to join the world in phasing out fossil fueled vehicles if the roadmap is strictly followed.
The global gold industry, and by extension the mining industry, so far stands out as the utmost beneficiary of the COVID-19 global crisis, General Secretary of Ghana Mineworkers’ Union (GMWU), Abdul-Moomon Gbana has observed.
The International Monetary Fund (IMF) will, today, August 23, 2021, make resources equivalent to US$1 billion available to Ghana, in the form of a Special Drawing Rights (SDR) allocation.
The Ghana Real Estate Developers Association, GREDA has expressed worry about the state of the unregulated housing sector which has triggered high pricing of lands and properties.
The latest payments platforms report released by the Bank of Ghana, covering the first half of 2021 has disclosed that mobile money transactions has retained its place as the most preferred mode of transferring money, ahead of cheques.
Nana Akufo-Addo has urged the Bank of Ghana (BoG) to bridge the gap between its monetary policy rate and the lending rates of commercial banks to enhance the rapid growth of the country.
Researcher, University of Cambridge Faculty of Law, Oliver Barker Vormawor says the 1.65 billion dollars GNPC-Aker deal is clearly the new Agyapa deal the country is dealing with.
