Governor of the Bank of Ghana (BoG), Dr Ernest Addison has told the government to empower any of the commercial banks to take over the running of the ‘Gold for Oil’ porgramme. To him, any commercial bank will be able to do so if its capacity is built by the government. Dr Addison said this […] The post Empower a commercial bank to take over ‘Gold
Citi Breakfast Show, Friday, 12th April, 2024 The post Citi Breakfast Show, Friday, 12th April, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
Citi Breakfast Show, Thursday, 11th April, 2024 The post Citi Breakfast Show, Thursday, 11th April, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
Buem Member of Parliament, Mr Kofi Adams, has asked the Governor of the Bank of Ghana (BoG), Dr Ernest Addison whether there is any commercial bank in Ghana capable of running the Gold for Oil programme if the central bank decides to shift to the operations to them. This was after Governor Addison hinted that […] The post Is there any commercial bank
The Association of Progressive Muslims has expressed joy at the public disclaimer of the practice of LGBTQ+ by Vice President Mahamudu Bawumia. In a press release dated April 11, 2024, the Association described the development as “good news.” “Good news for mother Ghana and we’re so glad Alhaji Bawumia has listened to our call finally. […] The post ‘We’re
The World Bank (WB) is expecting an upward progression of Ghana’s Gross Domestic Product (GDP) to hit 5.0% by 2026. This follows a projected 2.9% marginal GDP growth for Read More... The post Ghana To Return To 5.0% GDP Growth – WB appeared first on
The Supreme Court has postponed its judgement on the case against FDA’s directive which banned celebrities in alcoholic advertisements. The post FDA Alcohol Ad ban: Supreme Court postpones date for judgement to April 24 first appeared on 3News.
The World Bank has identified deep-rooted inequalities as a major obstacle to Africa’s economic progress, according to its chief economist for the region. Andrew Dabalen in an interview on Citi TV’s The Point of View, pointed to a lack of essential infrastructure and limited intra-African trade as key factors limiting growth. “The speed at which […] The post Structural
Andrew Dabalen, the Chief Economist for the Africa Region at the World Bank, has expressed optimism regarding the forecasted 3.8% growth in Sub-Saharan African countries by 2025. The World Bank’s Africa Pulse Report for April 2024 anticipates growth in Africa in the coming years. The report also suggests that domestic resource mobilization and international support […] The post Africa’s
Eyewitness News, Wednesday, 10th April, 2024 The post Eyewitness News, Wednesday, 10th April, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse […] The post
Chief Justice Gertrude Sackey Torkornoo has stated that judges are expected to deliver justice with supporting staff, who have almost zero knowledge of the basic ingredients of justice – law and legality. She said the import of the language of the law, the effect of time on legality, the effect of skipping any process and […] The post Avoidable mistakes,
Absa Bank Ghana has announced the winners of its Assist Card Campaign at a ceremony held at the Kempinski Gold Coast Hotel, Accra. The hallmark campaign is designed to encourage and reward the use of Absa’s contactless debit and credit cards. Launched in December 2023, the campaign underscores Absa’s strategic partnership with the English Premier […] The post Absa rewards Assist
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash reserve requirement for commercial banks. counterproductive […] The post How
The Electoral Commission of Ghana has announced that candidates who wish to participate in the by-election to be held in the Ejisu Constituency will be required to pay a filing fee of ten thousand Ghana Cedis (GHC10,000). This is contained in a press release dated April 9, 2024. “A Candidate shall at the time of […] The post Ejisu Parliamentary by-election: Candidates
Eyewitness News, Tuesday, 9th April, 2024 The post Eyewitness News, Tuesday, 9th April, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
Service standard concerns Freight rates standardisation Transparency and predictability By Mohammed AWAL The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Kwesi Baffour Sarpong, has requested that shipping line charges in the sector be predictable, competitive, transparent and uniform. In his opening remarks during a meeting with the Ship Owners and Agents Association […] The post
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
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