Finance

National Service person remanded for defrauding GCB customers

A 29-year-old National Service person serving at the...

Komenda Factory: It’s your responsibility to fix not to sell – Gov’t told

Communication Team Member of the National Democratic Congress,...

Sinohydro Deal: Gov’t debunks Minority’s “no value for money audit” claims

Kojo Oppong Nkrumah Information Minister, Kojo Oppong Nkrumah has...

MacKenzie Bezos’s $36b divorce settlement makes her the fourth richest woman in the world

MacKenzie Bezos, former wife to Amazon founder, Jeff...

Town Hall meeting: Bawumia explains Cedi drop [Video]

Vice President of Ghana, Dr Mahamudu Bawumia, has...

Cedi will stabilise in 2 weeks – Finance Minister assures

If the sharp depreciation of the cedi is...

China launches app that tells you if you are standing near someone in debt

Chinese authorities have developed an app to tell...

Multimedia Group to premiere programming on Business Environment Enablement Project [Photos]

In 2015, The Multimedia Group partnered with the...

Global debt hits $244 trillion

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AUDIO: Otabil’s statement on Capital Bank collapse needless – Banking expert

A banking consultant and finance expert, Dr Richmond...

BOG’s merger: Job losses in the offing – Financial Consultant

A Financial Consultant, Ken Thompson, has predicted job...

The 5 CEOs/MDs behind the ‘collapsed’ banks

The Bank of Ghana on Wednesday, August 1,...

Finance Minister lied to us over VAT increase – Ato Forson

The Minority spokesperson on Finance, Ato Forson, says...

Corrupt GRA officials, TAX evaders to face prosecution

Government has revealed its intention to prosecute tax...

Government to introduce luxury vehicle levy

Minister of Finance, Ken Ofori Attah, has revealed that government will soon impose tax on luxury cars with an engine capacity of 3.0 litres...

How to stop stressing over money so it doesn’t hurt your health

Scared of opening your loan statement because of how much interest has accumulated? Can’t stop wondering what not-so-great reports from Wall Street mean for your...

Open Letter to BOG Boss: Don’t make Ghanaians spectators of finance industry

Hello Dr. Governor, I dare say that whereas the GHC400 million (US$88.5 million) minimum capital requirement (MCR) you have placed on banks is not a...

Growing public debt in Africa worse than you thought

Last month, ahead of his ill-fated African tour, then US secretary of State Rex Tillerson warned African governments about the amount of debt they were amassing...

Inflation hits 10.6% percent

The Consumer Price inflation has increased to 10.6 percent in February from 10.3 percent recorded in January. The marginal increase is being attributed mainly to an...

A guide to Africa’s key markets in 2018

For bond investors, Africa was a happy hunting ground last year. Its local-currency and dollar securities easily outperformed those of emerging markets overall as...

Investors bullish on 2018

Investors are very upbeat about growth projections and could turn to Ghana for more business, RMB Research’s 2018 outlook on African countries has pointed...

Gov't intensifies move to construct railway from Accra to Ouagadougou

Government’s decision to construct rail line from Accra to Ouagadougou has been given a major boost as Burkinabe Transport Minister, Souleymane Soulama has arrived...

Gov’t to transfer GH¢3.1bn into tier two pension funds

Government has agreed to transfer GH¢3.1 billion to the custodian accounts of the pension schemes of the labour unions, called the Forum, by December...

BoG to get tough on rural banks as paid-up capital requirement deadline draws near

The Bank of Ghana in 2015 raised the minimum paid-up capital requirement of all rural and community banks in Ghana from GH¢300,000 to GH¢1million. All...

Ghana, 6 others account for 75% sovereign bonds

Ghana, together with six other African countries,have accounted for more than 75 percent of the sovereign debt issued so far in Africa, the World...

Gh¢244.32m Fraud Hits Banks In 2016

The total monetary value involved in all reported fraud cases by financial institutions, both successful and attempted, for the year 2016 amounted to approximately...

Cash is still king – UN report

Despite the massive improvements recorded in digital payments among individuals, businesses and the government, cash still remains the predominant mode of payment in terms...

Dollar now legal tender in Ghana?

For many years now, some goods sold and services rendered in the country are priced in United States dollars and not the local currency,...

Private pensions hit GH¢8.3bn

Privately managed pension funds have maintained their robustness in growth over the past four years, with contributions under the tier two and three schemes...

BoG Schools Banks On How To Recapitalise To GH¢400m

The Bank of Ghana (BoG) has officially revised the minimum capital of banks to GH¢400 million, in a public notice that also seeks to...

BoG raises minimum capital to $100 million

The Bank of Ghana will formally direct banks in the country to recapitalise to GH¢400 million, equivalent to about US$100 million on Monday September...

Cedi to appreciate against dollar – Fitch

The local currency, the cedi, is expected to strengthen against the US dollar for the rest of the year as economic growth outperforms earlier...

Banks ready for new capitalisation

The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking...

IMF bailout extension gives comfort to the market – RMB Research

South African based research firm, RMB Research, has lauded the government's decision to agree an extension of the IMF bailout programme with Ghana, noting...