Demands accountability on unutilised ABFA
The management of petroleum revenues remains flawed with numerous challenges, ranging from lack of transparency in utilisation of funds and a deviation in the core mandate of the Ghana National Petroleum Corporation's (GNPC), among others, 10 years on from the commercial production of oil...
While other financial institutions are lamenting the negative impacts on their operations resulting from COVID-19, rural banks are fortunate to be on the other side - recording a surge in deposits.
Board Chairman for Okomfo Anokye Rural Bank-Kumasi, Kennedy Obiri-Yeboah, has stated that his rural bank actually experienced an increase...
Just like every other sector, the country’s banking industry could not escape the devastating impact of the coronavirus pandemic, as new data from the regulator shows declining profit growth rate and escalation in operating expenses.
The Banking Sector Report (May 2020) reveals that the industry’s profit-after-tax outturn was GH¢960.4 million...
African countries must look to their local and global bond markets to raise enough capital to reboot their economies, which have been severely ravaged by COVID-19, African banks bosses have noted.
Group Chief Executive Officer (CEO) of Ecobank, Ade Ayeyemi and the CEO of Equity Group Holding, James Mwangi noted...
The Ghana Revenue Authority (GRA) has admitted receiving port operations data from the Ghana Community Network Services Limited (GCNet) but says it is not in the requisite format hampering their ability to make meaning out of it to support the operation of the newly introduced Integrated Customs Management System (ICUMS).
“I...
Budget deficit hits 3.4% against 1.9% target
Unbudgeted expenditure, largely occasioned by emergency spending to contain spread of the coronavirus pandemic that was first recorded on March 12 in the country, has astronomically shot up the budget deficit by nearly double in the first quarter of the year.
The Fiscal...
Urges providers to settle medicine suppliers promptly
But pharmaceutical importers remain sceptical, to go ahead with planned strike
The National Health Insurance Authority (NHIA) has so far paid a total of GH¢686 million to health service providers as claims under the National Health Insurance Scheme (NHIS) this year,...
Some aggrieved customers of defunct financial institutions in the Bono Region have sent an SOS message to the Bank of Ghana and Security and Exchange Commission (SEC), for government to expedite action on the payment of locked up funds to help ease their excruciating plight.
According to the group, systematic...
As part of strategies to hasten revival of the economy following negative impacts from the coronavirus pandemic, the Ghana Export Promotion Authority (GEPA) has rolled out a programme that supports young entrepreneurs in the agriculture sector to tap into the international market.
The Youth in Export Programme, which is in...
I have never regreted taking the bold steps to study holistic medicine as my profession. Do you know that about GH¢5,000 worth of herbal raw materials for a single herbal product could generate GH¢500,000 cool profit for you? Interesting, Chinese and foreign natural medicinal products have infiltrated our market...