Banks in the country are ready to finance projects and programmes in the private and public sectors with potential to revive the economy irrespective of COVID-19 prevalence, panellists at the fifth edition of the B&FT-organised Ghana’s Most Respected CEOs Breakfast Series, have said.
The panel, made up of bankers, economists...
A recent study on C-Suite perceptivity of the economic impact of COVID-19 revealed that revenue connected to tourism, aviation, property sales and entertainment all decreased by over 90% in the first and second quarters of 2020.
Conducted by industrialisation and supply chain expert Professor Douglas Boateng, the purposive study also...
Banks are still waiting on the Central bank to offer specific guidelines on the measures introduced - including reduction in interest rates and reserve requirements to combat impacts of the Coronavirus pandemic, since being without timelines and durations makes planning difficult.
Despite their introduction in March, 2020 - with banks...
Nigerian banks plan to restructure over a third of loans after running into repayment problems due to the coronavirus pandemic, a member of the central bank monetary policy committee said.
A total of 17 banks have submitted requests to restructure over 32,000 loans for businesses and individuals, representing 33% of...
Sixty youth have been trained as insurance sales agents by the National Insurance Commission (NIC) in Takoradi.
The training is to enable them have in depth knowledge about what insurance is, understand it well so they will be able to explain policies that are available to companies and individuals who...
Executive Director of the Association of Rural Banks-Ghana, Mrs. Comfort Owusu, has advised rural banks’ General Managers and CEOs to quickly adapt to change - particularly in the business environment.
According to her, the external business environment and government regulatory policies have direct impacts on their activities as bankers, and...
The price of imported fresh tomatoes has sharply increased, as traders now have to travel up north to neighbouring Burkina Faso to buy fresh tomatoes for sale on the local market.
This perennial shortage of the vegetable and reliance on Ghana’s northern neighbour to meet local demand for the commodity...
Despite the coronavirus pandemic biting economies around the world hard, with many seeing a contraction - especially the developed ones, Ghana’s economy was able to withstand the destructive power of the disease, as it rather experienced growth; albeit slower than same period the previous year – thanks to the...
Budget deficit and its accompanying debt are key indicators in accessing the health of any economy. At the end of March 2020, Ghana’s public debt reached GHȼ 236.1 billion according to the Bank of Ghana. Of the total debt, US$ 22.9 billion is external representing 31.4% while GHȼ 113...