GCB completes first PAPSS client transaction
GCB Bank Plc has successfully completed the first Pan-African Payment and Settlement System (PAPSS) client transaction in Ghana. The transaction involved a Ghanaian incorporated entity initiating a supplier payment from GCB in Ghana cedis to a beneficiary in Nigeria – who received the payment in naira instantly. This innovation revolutionalises the way Ghanaian individuals and […]
Government saves ¢220m from significant fall in interest on T-bills
The Ghana Government saved ¢220 million from the significant fall in Treasury bills yields. According to the Executive Director of Dalex Finance, Joe Jackson, the interest rates on the Treasury bills will even drop further in the coming weeks. The government on Tuesday, March 7, 2023, beat the cost of its Treasury bills down significantly, […]
We’ll strike off over 500,000 businesses from register – Office of Registrar of Companies warns again
The Office of Registrar of Companies has reiterated its position to strike off businesses from the register that have not renewed their certificates or filed their annual returns since incorporation. More than 500,000 companies are expected to be affected by this directive. Speaking at a programme organised by the UK Ghana Chamber of Commerce, the […]
Labadi Beach Hotel presents ¢10m dividend to SSNIT
Ghana’s premier 5-Star Hotel, Labadi Beach Hotel has presented a dividend of ¢10 million for the year 2021 to its sole shareholder, the Social Security and National Insurance Trust (SSNIT). This achievement is unprecedented in the history of the company. Since its inception in 1991, the hotel has led Ghana’s hospitality industry, providing exceptional services […]
EU partners government to launch Circular Economy Competition
The European Union (EU) in partnership with the Ministry of Finance and the Ministry of Environment, Science, Technology has launched the 2nd edition of the Circular Economy Competition to support Ghana’s gradual transition to a circular economy. The Circular economy competition is a contest that helps small businesses and start-ups in the circular economy in Ghana […]
IES raises doubts on claimant to 600,000 barrels Russian oil
The Institute for Energy Security (IES) has raised doubts over the claimant to the 600,000 barrels of Oil that arrived in Ghana on Friday from Russia. A release by the IES indicated that the consignment aboard the vessel MT Theseus is being stashed in Ghana as the pool of buyers shrinks after Russia was blacklisted […]
Producer Price Inflation decreases marginally to 52.1% in January 2023
Recent data from the Ghana Statistical Service, GSS, indicates that the Producer Price Inflation (PPI) for the month of January, 2023 fell marginally to 52.1%, from the 52.2% recorded in December 2022. Producer price inflation is the average prices of goods and services received by domestic producers for their production activities. Per the latest data […]
DDEP: Govt announces final principal amounts of new bonds
The government has announced the final principal amounts of new bonds in the settlement of the domestic debt exchange programme (DDEP). The Finance Ministry in a statement disclosed that: ”In anticipation of the settlement of the Domestic Debt Exchange Programme (DDEP) on 21St February 2023, the Government announces the aggregate principal amount of each series […]
African Union adopts Africa Prosperity Dialogues AfCFTA action plan
Heads of state of the Africa Union (AU) have adopted the Action Compact of the Africa Prosperity Dialogues (APD) in Ghana last January. The APD creates an annual platform for Africa’s private sector to network with public officials on the implementation of the Africa Continental Free Trade Area (AfCFTA), which aims to create a single […]
Cyber Security Authority commences licensing and accreditation regime
The Cyber Security Authority (CSA) has announced the commencement of the process of licensing Cybersecurity Service Providers (CSPs), accreditation of Cybersecurity Establishments (CEs) and Cybersecurity Professionals (CPs). This is in pursuant to the Cybersecurity Act, 2020 (Act 1038), sections 4(k), 49, 50, 51, 57 and 59, which mandates the Authority to regulate the above activities. […]