There is ample evidence that the existing financial sector regulation architecture in Ghana is not fit-for-purpose
Ghana’s financial sector is in crisis. A crisis occasioned by the collapse of over 300 financial institutions; and which has affected every division of the financial sector. Universal banks, savings and loans companies, microfinance...
Stanbic Bank Ghana was awarded Best Bank in Cocoa Financing at the Ghana Cocoa Awards, held at the Kempinski Hotel Gold Coast City, Accra. The awards ceremony was organised under the auspices of Ghana Cocoa Board, and aimed at recognising key players in the cocoa sector for their contribution...
The Securities and Exchange Commission (SEC) has started paying locked up funds of all clients of the remaining Fund Management Companies whose licenses were revoked.
A statement from SEC explained that the partial cash bailout of up to GHS50,000 will cover all clients of the remaining affected Fund Management Companies...
Consistent rises in power transmission losses have cost the economy more than US$150million in 10 years, an analysis of official energy industry data by the Institute for Energy Security (IES) has shown. What this means is that electric power consumers within households, industries and the commercial brackets paid US$150million...
- Olam direct purchasing app adds funds & cuts expenses
An increasing number of Ghanaian smallholder cashew farmers are getting better prices on their harvests, and reducing their operational expenses, thanks to the continued rollout of a smartphone app that gives them direct access to Olam Food Ingredients in Ghana.
The...
After years of contemplating whether to acquire an existing insurance company in Nigeria to kick-start operations in the country or not, Enterprise Group has settled on the acquisition of a new licence to start insurance business in Nigeria from next year.
Keli Gadzekpo, Group Chief Executive Officer, explained that the...
The Ghana Revenue Authority (GRA) has said its revised revenue target in the 2020 COVID-19 mid-year budget review has been achieved.
Data from the GRA show that as at Tuesday, November 24, 2020 the revenue collector exceeded the revised 2020 mid-year budget of GH¢42.7billion and is close to achieving the...
Even before the commencement of trading in January 2021 under the African Continental Free Trade Area (AfCFTA), a number of investors have shown considerable interest in investing in the Ghanaian economy.
Among the several sectors and areas of investment of particular interest is the automobile sector. Indeed, automobile companies such...
New data from the Bank of Ghana (BoG) have revealed that despite the pandemic generally slowing down momentum of the economy, coupled with the upcoming general election, businesses remain confident about economic prospects as indicators show activities have picked up months after COVID-19-related restrictions were eased.
The Bank’s Composite Index...