The Central Bank of Ghana (BOG) says the celebratory GHC5 note was in honour of Dr. Kwegyir Aggrey The Central Bank of Ghana (BOG) on Thursday indicated that the celebratory five Cedi note was printed to honour the memories of Dr. James Kwegyir Aggrey, a great Philosopher and Educationist in the eighteen century. It was … Read more
President Nana Addo Dankwa Akufo-Addo has observed that the public sector alone cannot be a source of funding for the infrastructural projects to be embarked on by his government. According to him, funds would have to be raised from the private sector to fill the gaps. He made this known at the inauguration of a … Read more
President Nana Addo Dankwa Akufo-Addo has observed that the public sector alone cannot be a source of funding for the infrastructural projects to be embarked on by his government. According to him, funds would have to be raised from the private sector to fill the gaps. He made this known at the inauguration of a … Read more
The governor of the Central Bank of Ghana (BoG), Dr. Abdul Nashiru Issahaku, has tendered in his resignation to the President Nana Addo Dankwa Akufo-Addo. His resignation takes effect from April 1, 2017. The news of his resignation comes barely 48 hours after the Monetary Policy Committee (MPC) of the BoG, which he chairs, reduced … Read more
Whether the COCOBOD CEOs salaries are cut or not, the monthly pay of some top officials of the board remain higher than that of the president of the Republic of Ghana! The new chairman of the Ghana Cocoa Board, Hackman Owusu-Agyeman has stressed the need and relevance of government’s plan to cut down the salaries of … Read more
The Minority Spokesperson on Finance, Ato Forson, says district assemblies may struggle to meet their obligations to contractors, a situation that may intend make it difficult for contractors to service their existing loans with financial institutions. “If care is not taken we will see a new scenario where the banks are seeing a lot of … Read more
The Monetary Policy Committee of the Central Bank of Ghana (BoG) is widely expected to loosen its tight monetary stance, after inflation trended downwards for the fifth consecutive time and the local currency maintained a steady performance against the US dollar. Inflation, has since October last year, fallen consistently from 15.8 percent to 13.2 percent … Read more
The Central Bank of Ghana (BoG) will soon release a new cedi note – Five Ghana Cedis denomination which has been redesigned in commemoration of Ghana’s 60th anniversary. It was the Deputy Governor of the Central Bank, Dr. Johnson Asiama that made this disclosure while speaking at the 4th Edition of the AB & David … Read more
Golden Link Savings and Loans Company aims at facilitating government’s efforts towards creating an enabling environment for private investors, as well as transforming the economy. The new government of President Nana Akufo-Addo, since its inception, has been making significant moves towards achieving her major campaign promise which is to transform Ghana’s economy. The President has … Read more
Letshego Holdings Limited (“Letshego”), the inclusive finance focused group with consumer lending, microfinance and deposit-taking subsidiaries across Southern, East and West Africa, today announces its second acquisition in West Africa, acquiring a 100% shareholding in afb Ghana Plc (“afb”) from Jumo World Limited. afb is a licensed non-bank financial institution and offers innovative credit products … Read more
The Central Bank of Ghana has introduced a new set of business regulations and corresponding sanctions to effectively regulate the microfinance industry. Limits of risk management and effective corporate governance practices are outlined in the sixty-six-page document. It also emphasises the need for boards of the companies to act collectively with management to put some … Read more
The Central Bank of Ghana has denied publications that the authorities have signed a contract with a Swiss company to supply it with gold watches to be given as ex gratia to some workers who are due for retirement. According to the Head of Public Relations for the Bank of Ghana, Bernard Otabil, the Bank … Read more
The Central Bank of Ghana has insisted that it has not signed a contract with a Swiss company to supply it with gold watches to be given as ex gratia to some workers who are due for retirement. Onua FM’s source at the central bank said contrary to media reports that the watches have been … Read more
The Central Bank of Ghana has insisted that it has not signed a contract with a Swiss company to supply it with gold watches to be given as ex gratia to some workers who are due for retirement. Onua FM’s source at the central bank said contrary to media reports that the watches have been … Read more