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Business
BoG mandates Ghana Card in forex trade
The Bank of Ghana (BoG) has announced the launch of a centralised foreign exchange trading platform, requiring all licensed Foreign Exchange Bureaux to use it for buying and selling…
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Republic Bank donates Smart Board to University of Education, Winneba
Republic Bank (Ghana) PLC has once again demonstrated its commitment to quality education by making a donation of a state-of-the-art Smart Board to the University of Education, Winneba…
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BoG: Elevated credit risks threaten banking sector recovery
The Bank of Ghana (BoG) has raised concerns about the ongoing elevated credit risk, which continues to pose a significant threat to the recovery of the banking sector. The…
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Serene Insurance goes to Western Region, opens Takoradi Office
Serene Insurance, a member of the First Sky Group and a leading general insurance company, has continued its expansion of branch presence in the country with the opening of the Takoradi…
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$18.5m SOCO investment in 530 projects in 6 regions yield positive results
An $18.5 million investment under phase I of the Gulf of Guinea Northern Regions Social Cohesion (SOCO) Projects has significantly improved the lives of thousands in Northern Ghana. The…
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Cedi volatility, utility tariffs, fuel prices hikes are risks to inflation
The Bank of Ghana (BoG) has decided to maintain the monetary policy rate at 29%, citing recent exchange rate pressures, upward adjustments in utility tariffs, and increases in fuel…
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Cedi depreciation, creditors cash adds GH₵134bn to public debt in 6 months
The depreciation of the cedi and disbursements from creditors have significantly impacted the nation's public debt, adding GH₵134 billion in just six months.
This increase has raised…
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Arab-Africa Financial Consortium to promote Africa’s rapid growth
Chairman of the Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), Dr. Fahad Aldossari, has assured African leaders, financial institutions, and business…
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Development economist praises Dr. Bawumia’s proposed tax reforms
Development Economist Dr. Frank Bannor has endorsed Vice President Dr. Mahamudu Bawumia's proposed tax reforms, describing them as essential for Ghana's accelerated growth and…
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DBG to channel GH₵1.4bn to SMEs, IFC to provide $400m
The Development Bank Ghana (DBG) is set to inject nearly GH₵1.4 billion into the financial sector to be loaned to viable Small and Medium Enterprises (SMEs).
Additionally, the…
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