Business

Businesses, bankers push for drop in BoG’s policy rate

The Monetary Policy Committee (MPC) of the Bank of Ghana may take any decision but increase its policy rate for banks. These are the indications from businesses and banks ahead of the announcement of the policy rate later on Monday [September 24, 2018]. The MPC has since the beginning of the year reduced its policy rate by 300 basis points, ...

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Government receives $30m World Bank support to strengthen financial sector

The World Bank has approved a $30 million International Development Association (IDA) credit to support government to strengthen its financial sector stability. The credit is also to help improve inclusiveness for users of formal financial services and the financially excluded, particularly women, rural communities and farmers. “This project will support government’s plan to undertake reforms to deepen financial markets, promote ...

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Turkey desires to partner Ghana to run proposed national airline

The Turkish Government has expressed interest in partnering the Government of Ghana towards the operation of the proposed national airline. The Turkish Ambassador to Ghana, Madam Nesrin Bayazit, made this known when she paid a courtesy call on the Minister of Aviation, Joseph Kofi Adda in Accra, on Wednesday. She said the Turkish Airlines had the biggest network in Africa ...

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Govt. to support entrepreneurs with GH¢30m

The Ministry of Business Development has announced that government, in partnership with the Institute for the Creation and Development of Enterprise (INCYDE) foundation and CASA África, will allocate GH¢530million to train 2000 young entrepreneurs across the country beginning March 2019. The announcement was made at the signing of an Agreement between the ministry and INCYDE foundation of Spain for the ...

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Ghana tops African students in China

There are more than 7,000 Ghanaian students pursuing various degree programmes in Chinese universities, which makes them the largest group of Africans schooling in China. Spread across the 34 provinces of China, these students are pursuing courses ranging from medicine, marine engineering, business administration and various others at both undergraduate and post-graduate levels. China’s President Xi Jinping, who acknowledged this ...

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Ghana GDP Annual Growth Rate( 2015-2018): Ghana’s Economy continues to be Service Base Economy; It should be a great concern to Policy Makers

Ghana’s economy grew 6.8 percent year-on-year in the first quarter of 2018, easing from a 8.1 percent gain in the previous period. It was the weakest expansion since the first quarter of 2017, as the industrial sector and agriculture slowed. On a quarterly basis, the gross domestic product expanded 1.5 percent, slowing from a 2.1 percent growth in the prior ...

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Vodafone makes two senior management appointments

Vodafone Ghana has announced two key Senior Management appointments as it continues to chart a leadership course in innovation and creativity across the Telecommunications landscape. Following its entry into the industry, Vodafone has been at the forefront of a transformational agenda, introducing dynamic products and services for customers and maintaining a key voice in thought-leadership. The appointments are to provide ...

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Equity market post mixed results

Equity market indices posted mixed performances, with the index for the financial sector weighed on by speculative actions, profit talking and heightened uncertainties ahead of the deadline for the new minimum capital requirements for banks. The benchmark index, on the other hand, surged on the back of the price advancement in the heavy capitalised telecommunication stock. At the closing bell ...

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Exciting times await banking sector in 2019 — PwC

In spite of what many experts have described as a big turmoil in the financial services sector, PricewaterhouseCoopers (PwC) is predicting exciting times for the banking industry next year. To be driven by digitisation, the international auditing firm is optimistic that the sector, which is now reeling under some serious challenges, will experience growth and exciting innovations, basing its argument ...

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