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BoG sets up taskforce to sanitize market for Cedi stability
The Bank of Ghana (BoG) has established a task force to enhance regulatory compliance by monitoring all foreign exchange bureaus in an effort to curb the depreciation of the Cedi.
The…
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GCB blows almost half a million cedis on SA trip of Board Member
For a 12-day trip to South Africa for a conference, a board member of GCB Bank, Alhaji Alhassan Yakubu, was paid $33,000, the equivalent of GH₵462,000, using an exchange rate of GH₵14…
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NIB to receive GH¢2.3bn govt bailout in one year
The Ghanaian government has announced the approval of GH¢2.3 billion for the restructuring and recapitalization of the National Investment Bank (NIB).
This substantial equity injection…
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Ecobank Ghana named Ghana’s Best Trade Finance Provider
Ecobank Ghana, part of the leading pan-African Banking Group (Ecobank Transnational Incorporated), has won the Sustainable Finance Award 2024 at the Global Finance annual Sustainable…
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Borrowing cost for industry ranges from 30 to 47%
In February 2024, annualized percentage rates (APRs) for bank loans remained significantly high, especially affecting the industrial sector, according to the latest report.
The report,…
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MTN CEO: Fintech to stimulate local, continent’s economies
Chief Executive Officer of MTN Ghana, Mr. Stephen Blewett, stated that Fintech could stimulate local economies and drive progress across the continent in several ways.
This he said…
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Ghana wins ICAO TRAINAIR PLUS Silver Membership Award
The International Civil Aviation Organization (ICAO) has awarded Ghana the prestigious TRAINAIR PLUS Silver membership in recognition of its exceptional contributions to aviation…
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Banking consultant, SIGA boss justify NIB MD appointment
Banking consultant Dr. Richmond Atuahene and Director-General (DG) of the State Interest and Governance Authority (SIGA), John Boadu, have dismissed calls for the removal of Mr.…
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Dr. Addison laments inadequate investment in African FinTechs
Governor of the Bank of Ghana (BoG) Dr. Ernest Addison, has highlighted the critical need for increased investment in African FinTechs to prevent a slowdown in innovation and…
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Dr Nick Danso Adjei grabs 6th Entrepreneur of the Year award
In a night of significant achievements at the Ghana-West Africa Business Excellence Awards held on May 10, 2024, Dr. Nick Danso Adjei, Chief Executive Officer and the Executive Chairman…
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