Ghana Commercial Bank PLC has reported a remarkable financial performance for the 2023 fiscal year, showcasing resilience and a robust recovery following the Domestic...
CalBank Plc has informed its shareholders that the legal challenge to its GH¢600 million Rights Issue has been discontinued.
This development follows an injunction placed...
Customers of the Aggrieved Customers of defunct Gold Coast Fund Management (ACGCFM) have lauded the steps initiated by the government to pay victims of...
Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report.
The country recorded $4.6 billion...
Banking consultant, Richmond Atuahene says Ghana lacks indicators to assess economic turnaround.
According to him, Ghana’s inflation level meets the international accounting standard classification for...
Kenneth Kwamina Thompson, the CEO of Dalex Finance, warns that Ghanaians should brace themselves for tough economic times over the next decade.
Speaking to Evans...
President Akufo-Addo has instructed the Finance Ministry to disburse ¢1.5 billion to assist customers affected by the banking sector clean-up operation.
Finance Minister Dr Mohammed...
Former Medeama and AshantiGold striker, Hans Kwoffie has tragically passed away following a fatal accident in Dadwen.
The accident reportedly occurred on Friday when the...
Board Chairman of Bills Micro-credit Limited, Richard Nii-Armah Quaye, has acknowledged the founder of the defunct UT Bank, Captain Prince Kofi Amoabeng.
According to the...
The World Bank estimates that $4 billion worth of remittances flowed into Ghana's economy between 2016 and 2022.
This makes forex inflows from remittances the...
The International Monetary Fund (IMF) has set June 28, 2024 for its Board Meeting to consider Ghana’s second programme review and possibly approve $360...
Kenneth Agyei-Duah, a manager in the Governance, Risk, and Compliance (GRC) Services at KPMG Ghana has urged banks and other financial institutions to be...
The flagbearer of the National Democratic Congress (NDC), John Mahama, has reiterated his pledge to revive collapsed banks and financial institutions when elected President...
Research firm, IC Securities has revised its end-2024 US dollar to Ghana cedi rate to GH¢15.91/US$, from its initial forecast of GH¢13.2/US$.
This, it said,...
The Bank of Ghana (BoG) has clarified that securing a bailout from the International Monetary Fund (IMF) would have been challenging without the implementation...
The Bank of Ghana has been impacted by the Domestic Debt Exchange Programme (DDEP) as it seeks recapitalisation from development partners, a report has...
The Bank of Ghana has announced a loss of GH₵10.50 billion for the financial year ending 2023.
This significant loss is primarily attributed to an...
The Bank of Ghana has initiated a program to explain the dynamics of inflation.
Additionally, the Central bank has offered insights into how it determines...
An illegal foreign exchange dealer, operating in the ‘black market,’ is blaming some banks in the country for the constant depreciation of the cedi...
The Bank of Ghana (BoG) has highlighted the importance of maintaining strict fiscal discipline to enhance economic confidence.
This statement comes at a time of...
Cabinet has approved GH¢2.3 billion for the restructuring and recapitalisation of the National Investment Bank (NIB).
The amount is the first tranche of GH¢400 million...
Finance Minister, Dr. Mohammed Amin Adam has pointed out the government met some key fiscal targets under the International Monetary Fund-supported programme.
They include zero...
The Chamber of Petroleum Consumers (COPEC) has warned of a potential fuel scarcity should the ongoing concerns of the striking Ghana National Petroleum Tanker...
Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana.
He...
The Managing Director and Chief Executive of FirstBank Ghana, Victor Yaw Asante has rejected claims that some banks are actively engaged in practices that...
Deputy Finance Minister Dr. Stephen Amoah has emphasised the importance of leveraging domestic tourism to stabilise the depreciating cedi.
He is thus urging stakeholders in...
The Bank of Ghana (BoG) has completed the first Proof Of Concept (POC) as part of Project Digital Economy Semi-Fungible Token (DESFT).
It demonstrates the...
Minority Leader, Dr Cassiel Ato Forson, has called on President Akufo-Addo to promptly instruct his appointees who have hoarded foreign exchange to release them.
He...
The Minority has expressed concerns that the current challenges facing the Ghana cedi are far from resolved, warning that the situation is expected to...
Economist at the University of Ghana Business School, Prof Lord Mensah has attributed the current depreciation of the cedi to market sentiment.
According to him,...
Fitch Ratings has revised the Outlook on the Long-Term Issuer Default Ratings (IDRs) of five Nigerian banks and one bank holding company to positive...
