Prime News Ghana

Today's Ghana Business, Banking and Economic news

Africa’s hour of need

It is too soon to tell how heavy the human and health toll from COVID-19 will be in Sub-Saharan Africa. But the pandemic’s terrible economic impact on the region is already clear.

Move to improve legal framework for borrowing and lending

Parliament is set to deliberate on a new law to replace the Borrowers and Lenders Act it passed 12 years ago, which has been described by the government and central bank as insufficient to transform the financial sector’s credit administration regime.

Ndoum urges court to reject BoG, Receiver’s evidence 

Lawyers for Dr. Papa Kwesi Ndoum have asked the High Court to reject the evidence being relied on by the Bank of Ghana and the Receiver of GN Savings & Loans justifying their decision to revoke the license of the financial institution.

COPEC calls for reduction in LPG price from Ghana Gas 

The Chamber of Petroleum Consumers, COPEC, is calling on the Ministry of Energy to address some issues with Liquefied Petroleum Gas, LPG, supplied by the Ghana National Gas Company, which have contributed to the increase in the price of the product in some parts of the country.

African finance ministers pledge to keep servicing commercial debts

The United Nations Economic Commission for Africa (ECA) has convened a meeting between African finance ministers, the Africa Private Sector Working Group, and the African Union (AU) Special Envoy on COVID-19 as the search continues for solutions to ensure African economies enjoy continued market access and meet their private sector debt service obligations.

Hospitality sector offers investors high promise—Osório

Investment in hospitality-related real estate presents a unique opportunity for investors to strategically position themselves to benefit from post-COVID-19 expected growth in the hospitality sector in Ghana, despite the prediction of a year-long aftershock.

Gov’t kickstarts recovery with GH₵600m stimulus

President Nana Addo Dankwa Akufo-Addo is confident the GH₵600m fund set aside for small and medium-sized businesses affected by the economic fallout of the novel coronavirus pandemic would help resuscitate the ailing economy.