BUSINESS

Former Finance Minister Seth Terkper has urged the government to utilise the US$1 billion Special Drawing Rights (SDR) allocation by the International Monetary Fund (IMF) within the framework of the law. His comment comes after the inance Minister Ken Ofori Atta had said the funds will be used to support government’s budgetary needs. “The minister of finance was quoted as ...

A Financial Expert with Dalex Finance Mr Joe Jackson has agreed with President Nana Addo Dankwa Akufo-Addo’s call for the Bank of Ghana to work to reduce lending rate. Mr Akufo-Addo has urged the central bank to work to bridge the gap between the monetary policy rate and the lending rates of commercial banks. If this is done, the president ...

Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) made the following statement released on Monday August 23. “The largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion—comes into effect today. The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis. “The ...

Cellphones used to commit mobile money fraud in Ghana risk being blocked across all networks in Ghana. This cross-mobile Network Operator blocking a fraudster’s International Mobile Equipment Identity (IMEI ) system means a blocked or blacklisted phone will not operate on any cellular network in the country. The Chief Executive Officer of MTN Ghana Selorm Adadevoh hinted this during the ...

MTN Ghana has increased its efforts to protect customers against Mobile Money fraud. The measures include blocking of devices across all networks. This was revealed by the Chief Executive Officer of the telecom giant Selorm Adadevoh on Friday. “We have come together as a chamber to say how do we intensify or increase the barriers to fraud and blocking a ...

Asawinso Rural Bank limited 35th annual general meeting ___________________________ The Board Chairman Isaac Esau, report to the shareholders 2020 and 2019 state it categorically that expectations to turn the fortunes of the bank to the part of growth and profitability could not materialize due to factors beyond their control, the financial sector clean up exercise embarked upon by the Bank ...

The Bank of Ghana’s newly-introduced gold-purchasing programme will bolster Ghana’s gold production value chain in a transformational way, President Nana Akufo-Addo has said. Swearing in the newly-constituted board of directors of the Bank of Ghana at the Jubilee House on Friday, 20 August 2021, President Akufo-Addo said: “I have, for decades, been baffled by the fact that our nation, which ...

Burundi’s economic capital, Bujumbura is also the central African country’s artistic and creative powerhouse. Clovis Mwizero, an economist-cum artist lives here. With his wife, Mwizero has created La Maison du Bois where he designs and makes decorative objects and furniture out of wood. “La Maison du Bois is an art company, a family business founded by two people who are ...

Puma Energy Distribution Ghana Limited, one of Ghana’s leading Oil Marketing Companies (OMCs) on Wednesday, August 11, launched their Infrastructure Site Safety Campaign in Takoradi. Dubbed ‘Safety is Personal’ is premised on the need to personalize safety at Puma Energy’s nationwide to give staff a sense of ownership. The campaign ties into the company’s strategic annual safety campaigns which has ...

The Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said that the Business Sans Borders (BSB) project is an initiative between the Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and the Ministry of Finance, which seeks to develop a network of digital platforms to serve as a global public infrastructure to facilitate cross-border trade. The ...