Economists Back Economic Capital For Banks

Some economists have backed the Bank of Ghana’s proposal to introduce economic capital requirement for banks as part of strategies to reform and strengthen the banking industry. Economic capital is explained as the amount of risk capital, assessed on a realistic basis, which a firm requires to cover the risks that it is running or … Read more

What Does the Rest of the World Think?

US election: What does the rest of the world think? As the voting day in the US approaches, the world’s attention is focused on perhaps one of the most polarised elections in US history. Not only will the winner seal the fate of Americans for the next four years, but the result will also have … Read more

Gov’t Approves GH¢1m For Psychiatric Hospital

An amount of GH¢1 million has been approved by government to the Accra Psychiatric Hospital to help mitigate the crisis at that facility. The Ministry of Finance is currently working on the necessary processes for the release of the funds. This comes after the Ministry of Health (MoH) released a cheque for GH¢300,000 and provided … Read more

China Takes Enviable Position On Fintech Global Rankings

Alibaba’s third-party payment platform Ant Financial tops the global ranking for the 100 best performing fintech companies. [File photo/Xinhua] China’s financial technology (fintech) firms continue to lead globally, securing four positions in the top five in a recent industrial ranking. Alibaba’s third-party payment platform Ant Financial tops the global ranking for the 100 best performing … Read more

NPRAs Second Zonal Office Opened

The National Pensions Regulatory Authority (NPRA) has opened its second zonal office in Tamale after the first was established in Kumasi. A statement copied to the Ghana News Agency said the new office would to cater for the three northern regions, namely, the Northern, Upper East and Upper West Regions. The Board Chairman of the … Read more

Re-Buhari, Jonathan and A Redefinition of Change-Reno Omakri

For a while now, Nigerians have had to endure a whole stream of articles coming from the pen of a certain former adviser to the Goodluck Jonathan led Federal Government and now hanger on and serial addition to foreign events where Goodluck Jonathan is the sole actual invitee. Omokri (a graduate from the University of … Read more

Asante Akyem North MP Calls For Drastic Measures To Deal With Fulani Menace

On the occasion of the National Farmers’ Day, the Member of Parliament for Asante Akyem North Constituency, Hon. Kwadwo Baah Agyemang is calling for a definite and sustainable approaches to dealing with the disturbing Fulani canker. In his Farmer’ Day message, the MP in whose constituency Agogo whose farmers have been terrorized by Fulani nomads … Read more

Assets Under Private Pension Funds Hit GHC6.4bn

Total assets under the management of private pension funds have reached GHC6.4 billion as at September this year, Baba Jamal, Deputy Minister of Employment and Labour Relations has disclosed. The assets under management by the private pension funds indicates a substantial potential of the pension market, which the fund managers want to capitalize on to … Read more

Interests On Mortgage Loans Hit 31.5%

Ghana’s quest to reduce the almost 2 million housing deficit may take a long time as interest on mortgage loans continue to rise. According to latest average interest and Annual percentage report released by the Bank of Ghana, interest on home loans increased marginally from 30.6 to 31.5 percent between May and September this year. … Read more

NLC Orders Psychiatric Nurses To Return To Work

The National Labour Commission (NLC) has ordered Nurses at the Accra Psychiatric hospital to call off their strike and resume work with immediate effect. The direction follows a meeting the Commission had on Wednesday with the Minister of Health, representatives of the nurses and authorities of the hospital. The psychiatric nurses on Monday embarked on … Read more

National Labour Commission Orders Psychiatric Nurses To Return To Work

The National Labour Commission (NLC) has ordered Nurses at the Accra Psychiatric hospital to call off their strike and resume work with immediate effect. The direction follows a meeting the Commission had on Wednesday with the Minister of Health, representatives of the nurses and authorities of the hospital. The psychiatric nurses on Monday embarked on … Read more

Apex Bank Cautions Rural Banks Over Unregulated Concentration of Funds

Rural and community banks (RCBs) have been urged to invest in safe government and Bank of Ghana (BOG) instruments to ensure strong liquid reserves position for effective financial intermediation. Mr. Kwadwo Aye-Kusi, Managing Director of the ARB Apex Bank, expressed concern about the growing concentration of their funds in financial institutions other than the central … Read more

Zuma Report Notes Possible Corruption

An investigation into South Africa’s President Jacob Zuma has found evidence of possible corruption at the top level of his government. In the report, former Public Protector Thuli Madonsela recommends Mr Zuma establish a judicial commission of inquiry within 30 days. Mr Zuma is accused of an improper relationship with wealthy businessmen. He had tried … Read more

Gawker Settling Litigation With Peter Thiel, Hulk Hogan For $31 Million

Hulk Hogan and the remnants of Gawker Media have struck a confidential settlement agreement, rewarding the wrestler with millions of dollars. “After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over,” Gawker founder Nick Denton wrote in a blog post … Read more

Jacob Zuma Report Points To Possible Corruption

They have vowed to step up their campaign to oust him An investigation into South Africa’s President Jacob Zuma has found evidence of possible corruption at the top level of his government. In the report, former Public Protector Thuli Madonsela recommends Mr Zuma establish a judicial commission of inquiry within 30 days. Mr Zuma is … Read more

WTO Head Warns of Anti-Trade ‘catastrophe’ After US Election

If Donald Trump or Hillary Clinton impose anti-trade policies, the US and global economy would face a “catastrophe”, putting the president out of office four years later, the head of the World Trade Organisation has warned. In his strongest intervention yet in the US presidential race, Roberto Azevedo said that the candidates should be wary … Read more

Parliament Approves More Loans For Various Projects

Barely a month to the general elections, Parliament is busily approving loans much to the chagrin of the minority New patriotic Party, who are gunning to form the next government. The House on Tuesday approved a sixty million dollar (US$ 60.000.000) loan for the Ghana Energy Development and Access Project. The loan agreement is between … Read more