Industry experts share strategies for business success in challenging times
Emergent Payments, a leading Fintech that offers an enhanced, licenced digital platform, has held a highly anticipated panel discussion marking the Fintech Connect Programme’s maiden edition. The event, held under the theme ‘Leveraging Technology to Improve Business in Challenging Times’, brought together industry professionals and business owners to explore the transformative potential of technology in driving […]
We will amend SSNIT Act to collect contributions from workers’ total remuneration – SSNIT boss
Director General of the Social Security and National Insurance Trust (SSNIT), Dr. John Ofori Tenkorang, says his outfit is proposing an amendment to its Act to increase deductions made from workers’ salary as part of their Pension contributions. According to him, the current system which only allows those deductions to be made from the basic […]
Ghana’s economy showing signs of recovery- IMF Staff Mission
The International Monetary Fund (IMF) has indicated that Ghana’s economy is showing signs of recovery after it secured the Fund-Supported programme approved on May 17, 2023. This was captured in a statement issued by the IMF after its Staff Mission led by Stephane Roudet, visited Ghana from June 8 to June 15, 2023. The visit, […]
Monetary policy tightening in US, others poses challenges to emerging markets – World Bank
The swift tightening of monetary policy in advanced economies, especially the United States, in response to high inflation poses grave challenges to emerging markets and developing economies (EMDEs) such as Ghana. According to the World Bank, the tightening of financial conditions in the United States and the associated increase in risk aversion spill over to […]
Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula
The Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced that Mobile Network Operators (MNOs) are working with the Bank of Ghana to facilitate the retrieval of funds for individuals whose monies are locked up in mobile money accounts. Numerous subscribers have voiced their concerns regarding the inability to access their funds on mobile money […]
Update your records or have your names expunged – ORC tells businesses
Businesses entities and other professional bodies risk having their details expunged from the National Register if they fail to update their records with the Office of the Registrar of Companies (ORC). This, the ORC explains has become necessary as the new office was hived from the Registrar General’s Department. Jemima Maama Oware, the Registrar of Companies […]
World Bank: Ghana likely to receive first tranche of $300 million by September if … – Frank Laporte
World Bank Country Director to Ghana, Pierre Frank Laporte, says Ghana is likely to receive the first tranche of $300 million from the World Bank if the two are able to finally reach an agreement on the conditionality. According to him, the government needs to present a strong reform package before the World Bank will […]
Justification for 2023 2nd quarter tariff adjustment
Background The Public Utilities Regulatory Commission (PURC) sits between utility service providers and consumers. While PURC ensures that the utilities are financially viable to provide adequate services (by approving adequate revenue requirement for them), the Commission also ensures that consumers get access to reliable and competitively priced services. This means the Commission must balance the […]
Free zones enterprises record US$1.9bn export revenue in 2022
Companies under the Ghana Free Zones Authority (GFZA) generated US$1.9 billion in export revenue last year. In addition to this, the Chief Executive of GFZA, Michael Oquaye Jnr disclosed that the companies have created over 60,000 direct jobs over the years. “We have over 200 companies across various sectors of the economy, generating over US$1.9 […]
Bernard Avle writes: Breaking the 17; Alternatives to IMF conditionalities for economic development in Ghana
Over the past 65 years, Ghana has faced periods of large fiscal and external imbalances that have led to high inflation, declining reserves, depreciation of the Cedi, and high-interest rates. During such episodes, the country has had to turn to the International Monetary Fund (IMF) for a financial bailout. Ghana’s latest approach to the IMF […]