Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
…the facts SML discussions ignore Until mid-December last year, Strategic Mobilisation Ghana Limited (SML) was like any ordinary business in the country – judiciously deploying its skills and talents in the concerted effort of nation building. Except for a few publications, mostly on its numerous corporate social responsibility (CSR) activities, the indigenous business quietly worked […] The post
Electronic Money Issuers (EMIS) across the country have until the end of Wednesday, January 31, 2024, to collaborate with agents to link their accounts with the Ghana Card or TIN or have their SIM cards blocked. This directive was announced by the Ghana Chamber of Telecommunications in a statement dated January 30, 2024. According to […] The post Momo:
Dr. Ernest Addison The Monetary Policy Committee (MPC), of the Bank of Ghana has dropped its lending rate from 30% to 29% following a decline in inflation. The Governor Read More... The post Policy Rate Drops To 29% appeared first on DailyGuide N
The Ghana Association of University Administrators’ (GAUA) decision to embark on a strike action in demand for better conditions of service (CoS) has taken effect unabatedly, as the University Teachers Association of Ghana, University of Ghana chapter (UTAG-UG) has expressed solidarity with all sister-unions seeking to embark on strike. Among other issues, it has cited […] The post GAUA
Over the years, deliberate efforts have been made by experts to navigate the waves of transformation in the banking industry to facilitate the identification of emerging trends; improve understanding and appreciation of these trends to advance service delivery and corporate performance; and enhance competitiveness and accelerated growth of the banking industry; while contributing meaningfully to […] The post
Ghana’s economic tapestry is rich yet challenged, marked by intricate financial dealings and the need for strategic manoeuvering. One such example is the GRA-SML deal, reflecting the complexities Ghana faces. Amid these economic intricacies, entrepreneurship education emerges as a beacon of hope, offering more than just employment opportunities, but a pathway to holistic economic rejuvenation. […] The post
The Upper East Regional Security Council has temporarily banned the riding of motorbikes in the Binduri district over recent killings. The decision was made during its emergency meeting on Monday, January 22, 2024, following recent records of killings in the Bawku and Binduri districts. In a statement, the Upper East Regional Security Council also reviewed […] The post Upper
The Paramount Chief of Ekumfi Traditional Area, Odeefo Akyin VIII, has urged the feuding parties requesting the autopsy report of the late President John Evans Atta-Mills to come together to find lasting solutions to the impasse. There has been controversy surrounding the whereabouts of an autopsy report on the death of Prof. Mills, popularly called […] The post Jaw-jaw
Human Rights lawyer Francis-Xavier Sosu is moving to escalate issues with the law on the death penalty to the ECOWAS Court of Justice. The lawyer expressed his displeasure with the death sentence handed to six coup plotters after being found guilty of conspiring to commit high treason and committing high treason. The High Court on […] The post Xavier Sosu
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
Extensive dialogue will be held with Organised Labour and other key stakeholders in the coming weeks on the VAT on electricity, the Ministry of Finance has said. The stakeholder dialogue, as stated by the Finance Ministry in its statement dated January 30, 2024, is aimed at ensuring stakeholder buy-in. Organised Labour has kicked against the […] The post VAT
Ghana’s MIIF has stepped up efforts to attract North American partners into the Ghanaian mining space. MIIF, the sovereign minerals fund of Ghana, was created by law to manage the equity interests of the Government of Ghana in mining companies and collect and manage mining royalties due the state for purposes of investment. M 11F […] The post MIIF
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
…The Relationship Manager “Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves.”….. Steve Jobbs Dear Readers, how did you find the extracts from my first article published more than ten years ago? Funny, but its real. Its interesting that the situation is still […] The post Risk
Dr. Ernest Addison – Governor of Bank of Ghana The Bank of Ghana (BoG) has announced a significant reduction in its Monetary Policy Rate, also known as the base Read More... The post BoG Lowers Base Rate To 29% To Stimulate Economic Growth
With over 60% of Ghana’s population living in rural areas, developing rural education to propel national development should be a reason d’ȇtre. Ghana’s rural development requires critical attention. The usual pittance thrown to rural dwellers particularly during electioneering periods are cardinal sins that political parties must desist from and rather pursue lasting solutions to the […] The post
In an age dominated by digital interactions and the incessant flow of information, the significance of safeguarding personal and organizational data has never been more pronounced. Recognizing the importance of data protection, Data Protection Day, observed annually on January 28th, serves as a poignant reminder of the collective responsibility to uphold privacy standards. In this […] The post
Ghana, a nation facing its worst economic challenges, recently received a much-needed cushion in the form of a US$3 billion bailout approved by the International Monetary Fund (IMF). This financial support has appeared to be a critical help for Ghana’s struggling economy, particularly in the face of the shocks brought by the COVID-19 pandemic. This […] The post
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