Business

Ghana has become the first country in Africa and 3rd country in the world to roll out a national Quick Response (QR) Code payment system, following the formal outdooring of Ghana’s Universal QR Code on Thursday, November 19, 2020. Ghana’s ...

The government has authorized a partial bailout involving the payment of up to Fifty Thousand Ghana Cedis (GHS50,000) to all customers of the remaining affected Fund Management Companies. This is pending the court process on the liquidation petition and other ...

Officials of the National Security in Ho have arrested two persons believed to be officials of a financial company, PBay, for allegedly attempting to defraud customers of some collapsed banks. The two, one of whom has been identified as Charles ...

The Securities and Exchange Commission (SEC) has issued a stern warning to the general public especially investors against the operations of an entity called PBAY Limited. According to the commission, the said entity is “purporting to be able to facilitate ...

Former President John Dramani Mahama has said the public debt increase under the Akufo-Addo government is worrying, warning the situation is likely to deplete Ghana’s fortune. “The rate of borrowing in these four years has been supersonic” the Presidential candidate ...

The Vice President, Dr. Mahamudu Bawumia says Ghana has not gotten to the level where it’s crushed under a mountain of debt for it to go into Highly Indebted Poor Country (HIPC) situation again. “Those who are saying Ghana is ...

The International Monetary Fund (IMF) has debunked claims that Ghana has been classified as a Highly Indebted Poor Country (HIPC) based on data on its website. A statement by the IMF indicated that the recent update of Ghana’s debt-to-GDP ratio ...

The Government of Ghana’s acquisition of 100 percent shares of joint venture AirtelTigo, a telecommunication company has reached advanced stages of discussions for the conclusion of the commercial agreement for the transfer. A press statement issued by the GoG said:” ...

The board of directors of Stanbic Bank, with approval from the Bank of Ghana, has selected Kwamina Asomaning, currently the Executive Director of Corporate and Investment Banking, as the new Chief Executive. He takes over from Alhassan Andani who has ...

The Finance Minister, Ken Ofori Atta will today present the 2021 first quarter Budget Statement to Parliament. The Minister will be seeking Parliament’s approval of GHC26.7billion as expenditure estimates for the quarter of next year. This budget is expected to ...