The COVID-19 pandemic, one of the world’s most significant events in recent memory, has resulted in the cessation of economic activities for many African countries. Many economic analysts have predicted that the pandemic will lead to a significant decline in GDP, unparalleled social disruption, and the loss of millions...
The Amantin and Kasei Community Bank Limited, headquartered at Amantin in the Bono East Region, has supported the national fight against spread of coronavirus in the country by donating assorted items to deprived health facilities in its catchment area.
The items donated by the bank are ten Veronica buckets, ten...
Savings and Loans companies have been urged to take advantage of the opportunities presented by COVID-19 and leverage technology more aggressively to serve their clients and deepen financial inclusion.
Pierre Frank Laporte, the World Bank’s Country Director, noted that it was good that the savings and loans companies were embracing...
GH¢5bn in total circulation, up from GH¢20.5bn in 2018
GH¢276m, GH¢149m worth of GH¢200 and GH¢100 notes in circulation
GH¢50 note is highest in system at GH¢9bn
A total of GH¢306 million has been spent by the Central Bank to print money in 2019 including the new notes of...
As part of measures to close the yawning budget deficit gap created by impacts of the coronavirus pandemic, the central bank has triggered its emergency financing provision that will allow it to support government to the tune of GH¢10billion this year.
Since 2016 when Ghana entered into an Extended Credit...
Why are stock-market valuations soaring when the real economy remains so fragile? One factor has become increasingly clear: The crisis has disproportionately affected small businesses and low-income service workers.
They are essential for the real economy, but not so much for equity markets. True, there are other explanations for today’s...
Bank of Ghana (BoG) data shows that the while coronavirus pandemic has severely bruised the country’s economy, leading to losses in most sectors, other sectors have started showing recovery even as early as the month of May 2020.
The data reveals cement sales and port activities have improved significantly in...
While the Coronavirus may have forced organisations to adjust the way they operate, at Global Accelerex, it has not halted either our progress or our commitment to extend financial inclusion, improve the daily lives of people through the provision of bespoke e-payment solutions and our quest to spur growth...
The Commissioner of Insurance, Mr Justice Ofori, has advised Chief Executive Officers (CEOs) and Chief Finance Officers (CFOs) of insurance companies in the country to take advantage of the risk management opportunities occasioned by the emergence of the COVID-19 pandemic. He said this when he was advising them to...
The country’s already struggling stock market has not been spared the impact of deadly coronavirus pandemic as a report by Databank Research shows that significant value has been wiped off the market once the first case was recorded in March.
The report, which analyses the economy for the first quarter,...