I had the opportunity to participate in the 10th edition of the Africa Regional Correspondent Banking Academy organised by Standard Chartered Bank, that came off at Hyatt Regency, Johannesburg, South Africa on the 4th and 5th July 2019.
There have been lots of assertions that Sankofa Gye Nyame projects’ gas price is higher than the price of Gas that is landed in Ghana from Nigeria or is higher than the price of Jubilee gas or TEN gas.
It is an undeniable fact that the most important thing which has sustained most businesses in Ghana for decades is Trust.
An athlete who wants to enjoy risky sports has to follow safety rules; in like manner, any individual who wants to produce superior investment returns has to follow foundational principles and benchmarks that have been used by several successful investors and has proved to work most of the time in both bull and bear markets.
Ghana’s programme with the International Monetary Fund (IMF) was concluded on March 20, 2019. It brought to fruition a 4-year Extended Credit Facility (ECF) aimed at helping the country reduce its then large fiscal and current account deficits.
In 2017, over GH¢15million in Community Social Responsibility (CSR) capital was deployed by the banking sector to finance community projects.
Countries that rely mainly on International Travel receipts suffer more from such uncertainties than those with large domestic tourist markets which can bolster the economy until the destination recovers from the shock.
This year, new job losses are resulting from the completion of three mergers.
Recently, when the leadership of the Ghana Bar Association (GBA), and the National Council of the Bar called on President Nana Addo Dankwa Akufo-Addo to discuss some pertinent national issues bordering on the “culture of impunity” and the current state of the economy, amongst other issues, the President had ceased the opportunity to express his discomfort with the sliding cedi value against its international counterparts.
Ken Ofori-Atta assumed his role as Chairman of the World Bank’s Development Committee at this year’s International Monetary Fund/World Bank Spring Meetings. This is a first for Ghana.
2017 and 2018 will be remembered as the period the central bank of Ghana stepped up its game to reform and address some ailing issues in Ghana`s financial sector.
The name and concept of Microfinance is synonymous with greed, but why?
“Our beloved country, is free forever.” These words, spoken by our first president at the dawn of our independence, have echoed in the hearts of every Ghanaian for the sixty-two years that we have been a free and independent state.
Providing adequate protection for critical infrastructure- electricity, railways, hospitals as well as defense systems- from criminals including cybercriminals has become a priority of many countries in recent times.
Indeed, this subject appears to dominate our industry landscape in recent times and the discussion is still ongoing.
The development prospects of Blockchain markets are tremendous.
Should the Minister of Finance Ken Ofori – Atta allocate funds to pay for premiums which should insure Ghana against any climate and disaster in the 2020 budget, considering the financial constraint we find ourselves as a nation?
Over the last few decades, banking services have changed from manual, brick and mortar to a more digital and innovative service, with much focus on the millennial consumer, emerging and young affluent that need a one-stop shop for all their banking needs.
I have found putting together this write up very necessary due to the massive feedback I have received since the time I published my first article on cryptocurrencies. It signals that there is a great craving for the right retail investment education on cryptocurrency investment.
In any event, once the loss occurred while the vehicle is at the garage or workshop, one will only get compensated if the garage has an appropriate insurance, as discussed above.
Further depreciation of the cedi in 2019 is limited based on our outlook on key economic indicators and foreign exchange inflows this year.
It is sort of an irony that we have some of the best economists the nation has ever produced in government yet the Ghana Cedi has a mind of its own.
The variation in data is attributable to the metrics adopted in the deal flows and types of deals, investment size reported for the period 2018.
Paragraph 25 of the FY2019 Budget notes that the government was on course to meet its “fiscal deficit target of 4.5 percent for the year (3.7 percent in the rebased series)” and that “this will be the second consecutive year this government has achieved its fiscal deficit target”.
With the president finally stating publicly that he is “upset” over the rapidly depreciating cedi, it’s time for a national economic forum to seek ideas...
Ghana’s steel industry is dominated by the production of iron rods and steel coils with the manufacturing process mainly done by a hot rolling process of converting scrap metals and billets into iron rods, coils and steel balls for the construction, mining and allied industries.
Part 1 of this article drew attention to the Section of the 2019 Budget that provided a non-comprehensive yet high bailout or public debt of the financial sector restructuring.
Since assuming office in 2017, Mr Ken Ofori-Atta, has used various schemes and strategies to enrich and empower his financial empire and impoverish other companies...
Rules and regulations are required in every game to ensure fairness. The same principle is applicable to elections, whether conducted locally or nationally.
The Ghana Commodity Exchange (GCX) is now in full operation and is expected to serve a vital role in the development of agriculture in Ghana and the general economy.
Competition/Antitrust law over the past 150 years has been seen as one of the regulatory packages needed to ensure that the market works efficiently for both producers and consumers.
On the surface, the world economy remains on a steady trajectory moving into 2019. Headline figures suggest that – while global growth has likely peaked – activity around the world will continue to expand at a solid pace.
Nana Akufo-Addo, the president of Ghana, is a great speaker. English audiences listen in awe to his speeches, marvelling at his mastery of their mother tongue. His fellow citizens did not stand a chance against his charm.
In a bid to boost Ghana’s cocoa production, the government introduced the Hand Pollination Programme in 2017, an artificial process where the pollen is taken from the flower on the same tree or nearby trees and attached to or dropped on the stigma leading to cross-pollination.
When we welcome a New Year, most people resolve to try new things; take advantage of new opportunities to achieve goals they couldn't accomplish in the previous year.
Investors are normally driven by fear and greed. CNNMONEY’s fear and greed index was instituted mainly to measure this. Persons who monitor the index are most likely to make some good investment decisions.
As relations between operators and regulators in several African countries have strained in recent years amid more frequent fines and sanctions, it is time to reverse the trend by focusing on the transparency of transmitted data.
For those who have read George Orwell’s allegorical novel “Animal Farm” the phrase “All animals are equal, but some are more equal than others” rings a bell. It reflects how priority is given to some people at the detriment of others in the enjoyment of certain privileges and comfort.
When the announcement of the new capital requirement of GH¢400m for all commercial banks in the country was made by Governor of Bank of Ghana in September last year, it became apparent that the financial landscape will witness some wrenching changes. Truly, the industry is currently undergoing such tempestuous and tortuous moments that had never happened.
Agriculture is said to be vital to the development of the nation. It is often touted as the backbone of the Ghana economy.
After a largely successful second year of implementing reforms to correct imbalances in the economy inherited in 2016, Ghana’s current administration aims to grow the economy faster in 2019.
In August this year, the Vodafone Ghana Foundation made a bold statement. It had decided to implement a nationwide coding exercise to empower about 10,000 Ghanaian youth in the next five years with digital skills.
Intrapreneurs and their core team must necessarily be allowed to ‘mother’ the ‘baby’ through to commercialization.
As a nation, we cannot remain competitive even in our West African sub region if businesses fail to nurture growth to enjoy the related benefits of economies of scale and global competitiveness.
Mr. Accreditation, please open your doors to industry and let education bring progress.
The first time Sandton of south Africa prominently get imprinted on my mind was when then leader of ANC youth wing, and now leader of Economic Freedom Fighters [EFF] party, Julius Malema,was accused by a BBC journalist of having the taste for wealth by having his residence in the “plush neighborhood of Sandton” during a press-conference.
If we can’t feed ourselves we can’t attain the growth we keep expecting, we are not doing it right that is why we are not getting it right.
Such upheavals leave those in charge of a company’s public image staggering from one attack to the next. Your brand must be rebuilt in those crucial days after the crisis occurs.
Burying the victim mentality and thinking like a champion is the first best step towards owning a business and creating wealth.
Activity in Africa’s debt capital markets remains remarkably resilient despite global trade wars, Brexit concerns and high interest rates in a resurgent United States economy which is translating into emerging market jitters.
The possibility of Ghana floating a century bond has once again surfaced in the media.
The collapse of the eight banks whose licences were revoked by the Bank of Ghana (BoG) raises serious concerns about the health of the financial sector in Ghana.