Business

Former President John Dramani Mahama has mentioned his administration stabilized the Ghanaian economic system with insurance policies and programmes on the time that President Nana Addo Dankwa Akufo-Addo was taking on from him in 2017. He mentioned Mr Akufo-Addo solely wanted to proceed from the place he left the economic system however has squandered all of the features. Talking on the Chatham Home on Friday, January 27, he mentioned “When President Akufo-Addo got here we had achieved financial stability. All...

The coverage to purchase oil merchandise with gold moderately than US greenback reserves is supposed to sort out dwindling international forex reserves coupled with the demand for {dollars} by oil importers, which weakens the Ghana cedi and will increase residing prices. Vice President Dr. Mahamudu Bawumia stated the federal government is projecting to avoid wasting about US$3 billion in international change yearly from the proposed coverage which seeks to amass oil merchandise in change for gold. He defined that the...

Dr. John Kwakye   THE INSTITUTE of Financial Affairs (IEA) has insisted on the abolishment of the three-year moratorium reimbursement of the principal for the Home Debt Alternate Programme asking the federal government to undertake a brand new coupon of between 8 and 12 per cent over the brand new maturity interval. Director of Analysis on the IEA, Dr. John Kwakye, at a information convention on Tuesday, stated there was the necessity for presidency to undertake a brand new coupon...

Nzema Manle Rural Financial institution within the Western Area has been awarded the primary runner-up in Mortgage Financing on the fourth version of the Rural Banking Excellence Awards. The occasion, which was held in Koforidua within the Japanese Area, was additionally the twenty second Biennial Basic Assembly of the Affiliation of Ru­ral Banks Ghana (ARB-Ghana). The Awards was to recognise the works of some Rural Banks in Ghana that carried out distinctive­ly effectively within the 12 months 2021. Reacting to...

Former President of the Ghana Affiliation of Banks, Alhassan Andani, says though the home debt trade is a really troublesome scenario, it might function a optimistic turning level for Ghana. In keeping with him, this optimistic turning level will solely be doable if the nation actually faces as much as the problems that occasioned the present financial scenario and take steps to totally handle them to forestall a return. He warned that if as soon as once more, as has...

The UBA Group Board has appointed Abiola Bawuah as Govt Director and Chief Govt Officer of UBA Africa, efficient January 26, 2023. Abiola turns into the feminine CEO for the UBA operation in Africa and will probably be accountable and accountable for main UBA Africa operations. Earlier than Abiola’s appointment, she was Regional CEO for West Africa, supervising operations in 9 subsidiaries together with Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal and Sierra Leone. Previous to her...

Vice President Dr Mahamudu Bawumia has mentioned there may be additionally a must mobilize finance and investments on the continent.  He mentioned this whereas talking on the official opening of the Africa Prosperity Dialogues on the Safari Valley Resort at Adukrom within the Japanese Area on Thursday (26 January). “We have to develop Africa into a producing zone that may facilitate the commerce of value-added merchandise. These, in my opinion, will likely be essential to leapfrog Africa’s industrialisation and the...

Africa has seen an outpouring of financial success in recent times because of elevated infrastructure, human capital and political stability. Lately, the continent has been housing a number of the world’s strongest economies, together with South Africa, Nigeria and Egypt. Nevertheless, regardless of this total success, there are nonetheless many sides of growing nations that aren’t usually present in developed ones, akin to restricted infrastructure or useful resource shortage. Ranging from scratch, a rustic transitioning from growing to developed goes...

The Vice-President, Dr Mahamudu Bawumia has urged the African Enterprise neighborhood to prioritise funding in good infrastructure in a bid to fast-track industrialization on the continent. Based on him, “There may be the necessity for good funding in essential infrastructure, as a continent, we have to produce and commerce our manner out of poverty and underdevelopment, and we can't try this with out investing in good infrastructure throughout the continent’’. Dr. Bawumia mentioned whereas talking on the official opening of...

The spectacular Sequence A spherical, which represents the biggest funding spherical ever in Edtech within the Center East and North Africa (MENA) area and most of Africa, is predicted to advance Classera's Studying Tremendous Platform (LSP), affirm its place of management in e-learning and EdTech, along with additional deepening its world enlargement into new markets, particularly in Africa. The spherical was led by the Public Funding Fund (PIF)-owned Sanabil Investments, a Saudi-based funding large, accompanied by International Ventures, Endeavor Catalyst,...