Articles

GSE tightens rules on green bonds

The Ghana Stock Exchange (GSE), in collaboration with the Securities and Exchange Commission (SEC), has launched new rules to guide the listing and trading of green and sustainable bonds on the market. Dubbed the Green and Sustainable Bond Rules, the launch of the new guidelines formed part of activities to mark the 32nd anniversary of the local bourse which is...

Producer Price Inflation shoots up by 19.3% to 65.2% in October 2022

The Producer Price Inflation (PPI) rate for October 2022 inched up to 65.2%, a 19.3 percentage points increase relative to the rate recorded in September 2022 (45.9%). According to the Ghana Statistical Service, the month-on-month change in the PPI between September and October 2022 was 15.4%. Excluding the construction sector, the PPI increased to 75.6% in October 2022, from 54.5% in...

DBG sets stage to meet SMEs’ funding need

GH¢245m already deployed for on-lending by PFIsGH¢1bn underway in 6-months10 partnerships undertaken5 partner financial institutions Ensuring competitively priced medium-to-long-term financing to support the small and medium-sized enterprises (SME) sector, the Development Bank Ghana (DBG) is leveraging on its capacity and partner financial institutions (PFIs) to de-risk the SME sector, Chief Executive Officer (CEO) of the Bank, Kwamina Duker, has said. Prior...

BoG to review Cyber and Information Security Directive to ensure secured banking environment

The Bank of Ghana is currently in the process of reviewing the Cyber and Information Security Directive (CISD), 2018 to ensure that risk management practices is adhered to by all Regulated Financial Institutions (RFIs), whilst a secured environment is created within the “cyberspace”. It is therefore admonishing all RFIs to pay particular attention to the increased cyber security risks and...

Prudential appoints new Chief Executive Officer for Africa

Prudential has appointed Emmanuel Mokobi Aryee as the new Chief Executive Officer for Africa to oversee the operations of Prudential in its eight African markets. The appointment, seeks to centralise Prudential’s operations in Africa as well as strengthen and grow the business in markets where it currently operates Commenting on the appointment, Solmaz Altin, the Prudential Managing Director, Strategic Business...

Absa Bank is CIMG Bank of the Year

Absa Bank made a strong impression at the Chartered Institute of Marketing (CIMG) awards held in Accra. Absa Bank, for the second time in a row, won the “Bank of the Year” while its Managing Director, Abena Osei-Poku won the Marketing Woman of the Year award. The CIMG Awards is one of the foremost platforms in Ghana, rewarding excellence in marketing,...

Commit to professionalism to ensure high standards in banking industry

Mr Osei Gyasi, Head of Banking Supervision at Bank of Ghana, has urged banking staff not only to uphold ethics but also commit to professionalism to ensure high banking standards. He said though ethical banking encouraged transparency and help build strong principles and ideals to govern financial inflows, personal commitment to professionalism could lead to honesty and fairness. Mr Gyasi said...

Dr Justice Ofori adjudged one of the best CEOs in Africa

Dr Justice Ofori, Ghana’s Commissioner of Insurance, was adjudged one of the Best African Professionals in Africa for the year 2021 at the African Professionals Excellence Awards. A statement from the National Insurance Commission signed by Mr Mawuli Zogbenu said the Awards ceremony took place in Addis Ababa, Ethiopia on November 4, 2022. Dr Justice Ofori joined the ceremony virtually to...

BoG, MAS, DBG sign MoU to develop financial ecosystem for Asia-Africa SME trade

The Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) have signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The GIFE aims to enhance financial capabilities and access for micro, small and medium enterprises (MSMEs) in Ghana and generate greater opportunities for trade and financial services cooperation between Singapore...