The processes to establish a National Development Bank to accelerate the country’s socioeconomic development are on course, the President, Nana Addo Dankwa Akufo-Addo, has said. The President who said this in a speech read on his behalf by the Senior Minister Yaw Osafo-Maafo during the launch of the Ghana COVID-19 Alleviation and Revitalisation of Enterprise Support (CARES) Programme in Accra...
The Minister of Communication, Mrs Ursula Owusu-Ekuful, has urged Ghanaians to embrace digital payments for a secure, convenient and low-cost financial service delivery, as the country moves to a cash-lite society. The Vice-President of Ghana, on Thursday, November 19, 2020, formally outdoored the Universal QR code payment system, which he used to buy local cuisine 'waakye' at Auntie Muni’s at...
Average lending rates of commercial banks have fallen by 0.11% between August 2020 and October 2020. However, between January 2020 and October 2020, it has gone down by 1.8%. Though marginal, it comes as a good omen because cost of borrowing in the country keeps easing. According to the Bank of Ghana’s November 2020 Summary of Financial and Economic Data, Ghana’s reference...
Anti-graft institution, the Economic and Organised Crime Office (EOCO), says it intends to prosecute Directors of the collapsed 53 Fund Management Companies (FMCs). Speaking at the second edition of the Time with the Commission engagement series on Thursday, November 19, Acting Deputy Director for Financial Intelligence Monitoring at EOCO, Abba Poku, stated Directors of the collapsed FMCs should be made to pay...
