The Pan African Payment and Settlement System (PAPSS) has announced the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth central bank member. This is further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent. PAPSS, developed by African Export-Import Bank (Afreximbank) in collaboration […] The post

In a bid to strengthen the nation’s anti-money laundering (AML), countering the financing of terrorism (CFT) and proliferation financing (PF) regime, the Financial Intelligence Center (FIC) has launched the 2nd National Risk Assessment (NRA) on Money Laundering and Terrorism Destruction. The assessment aims to identify and evaluate risks associated with money laundering, terrorist financing and […] The post

Access to financial services continues to play a pivotal role in driving economic growth in nations across the globe. In the wake of rapid post-COVID-19 structural transformations in economies worldwide, the issue of financial inclusion has taken centre stage in national policy discussions. Financial inclusion stands as a vital indicator for inclusive growth in any […] The post

By Sanusi Zankawah (PhD) The surge in food prices has placed significant strain on consumers and has raised concerns about food security. In response to these challenges, Ghana’s government has implemented various measures, including the establishment of a buffer stock system, to mitigate the impact of food inflation and ensure the availability of essential commodities. […] The post

Modern China gets to celebrate the New Year twice a year: together with the rest of the world on 1 January and according to the Eastern Calendar. This year’s Chinese New Year celebrations started on Saturday, 10 February, when China and other Asian countries welcomed the Year of the Dragon. According to the Chinese Zodiac, […] The post Chinese New Year:

FBNBank Ghana will celebrate this year’s Valentine’s Day with a heartwarming gesture of love and appreciation. On this day, FBNBank expresses gratitude to our dedicated staff and valued customers by sharing chocolates as a token of appreciation. In addition to celebrating with the staff, FBNBank will extend the celebration to its customers by offering chocolates […] The post FBNBank

President Nana Addo Dankwa Akufo-Addo announced a significant ministerial reshuffle on Wednesday, February 14, resulting in the removal of Finance Minister Ken Ofori Atta. The restructuring impacted around 13 current ministers of state, comprising 10 cabinet ministers and two regional ministers. More soon… The post Finance Minister Ofori Atta ousted in major

Have you ever asked yourself the following questions? What is life insurance? What are the various types of life insurance? Why do I need life insurance as an individual, family or a business owner? How do I buy a life insurance policy? This article will help you find answers to these questions and many more. […] The post Why should I buy a life insurance policy? appeared

Supporting women-owned businesses is not merely a sentimental decision but makes financial sense, with data from the Africa Guarantee Fund (AGF) suggesting women-owned businesses which had received support from the Fund are less likely to default. Their non-performing loan (NPL) ratio currently stand between 1 and 1.5 percent. This is a stark contrast to the […] The post Women-led

Ghana’s Finance Minister Ken Ofori-Atta argues that digital technologies and responsible payment systems have a major role to play in climate adaptation and climate emergency responses. The ‘Global Stocktake’ during COP28 in Dubai last December will be seen as a critical milestone for African economies for at least two reasons: the agreement to ‘transition away’ from fossil […] The post

The Ghana International Trade Commission (GITC) has announced a significant shake-up in the country’s machete market, imposing a 65 percent quota on all imports starting March 30, 2024. This move aims to protect the industry’s leader, Crocodile Matchets Ghana Limited (CML), from what the GITC deems unfair trade practices related to surging imports. CML initially […] The post

The Ghana National Association of Poultry Farmers (GNAPF) has attributed low levels of domestic poultry production to inadequate investment in the value chain by both government and private sector players. GNAPF expressed concern about the situation, noting that there has been little investment in in-country facilities in the poultry value chain from hatcheries, feed mills, […] The post

The Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has emphasised the bank’s dedication to supporting the completion of the National Risk Assessment (NRA) and the Third Round Mutual Evaluation exercise. This affirmation was made at the Pre-Assessment Workshop and Launch of the National Risk Assessment Exercise for Ghana on Money Laundering, […] The post BoG

Wonfliki, a Ghanaian AgTech innovator, is collaborating with EOS Data Analytics – a global leader in AI-powered satellite imagery analytics – to propel it to the forefront of the country’s AgTech sector and reinforce its commitment to sustainable agricultural practices. In response to the challenges faced by Ghana’s agriculture sector characterised by traditional family-run farms […] The post

The Social Security and National Insurance Trust (SSNIT) has continued its support for the National Pensioners Association (NPA) by presenting a cheque of GH¢1million. This donation is specifically aimed at supporting the healthcare of pensioners enrolled on the NPA’s Pensioners Medical Scheme (PMS). This contribution is in fulfilment of a commitment by SSNIT’s Management, made […] The post