Prime Business, Economic and Financial News


UBA Ghana meets BoG’s GH¢400 million capital requirement

United Bank for Africa (UBA) Ghana Limited, a subsidiary of United Bank for Africa Plc, has met the Bank of Ghana’s new minimum capital requirements…

First Atlantic Bank ,Energy Commercial bank to merge for GH¢400m capital

First Atlantic bank and Energy bank have begun merger talks in order to raise the 400 million cedis minimum capital requirement for banks.
stimulus package program

Companies to recieve financial support under stimulus package program-Prez.Akufo Addo

At least thirty-five [35] companies are expected to receive financial support under the government’s stimulus package program for businesses.

ADB: Recapitalization plan threatens merger between ADB and NIB

Agricultural Development Bank (ADB) and National Investment Bank (NIB) proposed merger is emerging that it may not come off following a recapitalization plan outlined by ADB.

BoG needs our support- Stanbic Bank

The Head of Global Market at Stanbic Bank Ghana, Mrs. Afua Bulley, has expressed the bank’s willingness to support its regulator, the central bank(BoG), to have the right legal and regulatory…

Cedi now GH¢4.98 against US dollar

The Ghana cedi is just two pesewas away from hitting the GH¢5 mark per a dollar.

Fairtrade to raise floor price for cocoa farmers

Fairtrade International, a non-profit organization says they will raise the floor price and fixed premium it requires companies to pay cocoa farmers for their beans under its scheme.

Invest more in petroleum upstream sector -Tsatsu Tsikata

A former Chief Executive Officer of the Ghana National Petroleum Company (GNPC) Tsatsu Tsikata has called for more investment into Ghana’s upstream sector.

BoG :New rules set out on related-party lending by banks

The Bank of Ghana (BoG) has revealed the full implementation of the directive on financial holding companies, next year [2019].
Fidelity Bank

BoG: Fidelity Bank meets GHS400m minimum capital requirement

Fidelity Bank has been able to meet Bank of Ghana's (BoG) GHS400m new minimum capital requirement.

Seeds for impact launched to promote sustainable Agriculture in West Africa

Seeds for Impact Program (SIP), a programme and rolling competition that offers financial and technical assistance to seed companies and smallholder farmers across Africa, was successfully launched in…

Phase two of mobile money interoperability launched by Bawumia

Phase Two of the Mobile Money Interoperability platform has been launched by the Vice President Dr Mahamudu Bawumia in Accra.

TIN, no more a requirement to register business- Registrar-General

Mrs Jemimah Oware who is the Registrar-General has disclosed that the Tax Identification Number (TIN) will no longer be a prerequisite for the upfront registration of a business, beginning from…

Cocoa: Domestic processing hits 300,000 tonnes

Domestic processing of cocoa hit 300,000 tonnes in the 2017/2018 cocoa season, a 19 percent jump from the 252,000 tonnes processed the previous season.

ECOWAS laments on low quality products exported to EU

The Economic Community of West African State, (ECOWAS) says confidence in products exported from the region to the European market is very low.

SSNIT recieves dividend from two subsidiaries

The Social Security and National Insurance Trust (SSNIT) has received GH¢1.6 million as dividend for the 2017 financial year from its two subsidiaries.