Total market capitalisation of the Ghana Stock Exchange (GSE) at the end of January this year rose to GHC64.5 million. This represents an increase of 16.56 per cent of the GHC55.3 million recorded in the same period last year. The summary of the January 2020 market activities issued by the GSE and copied to the Ghanaian Times said the market witnessed...
The Data Protection Commission of Ghana has compiled a list of non-compliant Data Controllers to be forwarded to the Attorney General’s Department to commence legal proceedings. This follows refusal by some Data Controllers to register with the Data Protection Commission as mandated by law under Section 46(3) of the Data Protection Act 2021 (Act 843). The Executive Director of the Data...
The national year-on-year inflation rate for January 2022 has increased to 13.9%, which is 1.3 percentage points higher than the 12.6% recorded in December 2021. Professor Samuel Kobina Anim, the Government Statistician who announced this explained, that this is the highest figure recorded since the rebasing of the economy was done in August 2019. Month-on-month inflation between December 2021 and January 2022 was...
Insurance companies that fail to meet the new minimum capital requirement by May this year may have to sell off their companies or merge with others. This is according to the Commissioner of Insurance for the National Insurance Commission (NIC), Justice Ofori. The move follows a decision by the NIC to see to the recapitalisation of insurance companies in the country. Insurance penetration...
Economist and lecturer at the University of Ghana Business School (UGBS), Dr. Patrick Opoku Asuming is confident the Bank of Ghana will soon increase its Monetary Policy Rate above the current 14.5%. This, according to him, is due to the rising inflation in the country and developments on the global scene especially the likelihood of the United States Federal Reserve...
The Agricultural Development Bank (ADB) plans to increase its network locations from 86 to 100 nationwide.It means the 14 new branches will be located in communities which are predominantly involved in agriculture. The Managing Director (MD) of ADB, Dr John Kofi Mensah, announced this at the ADB’s ‘Customer Appreciation Dinner’ held in Accra recently.The event offered management the opportunity to...
Data published by the Bank of Ghana have shown that consumers’ appetite for Internet banking has started slowing down. An analysis of the Summary of Economic and Financial data (January 2022) indicates that the growth rate of Internet banking – both in terms of value and volume – slowed in December, compared to the previous two months in the last...
