26 C
Accra
Thursday, January 18, 2018
Dr. Ernest Addison, Governor of the Bank of Ghana The Bank of Ghana has been advised to intensify its supervisory roles to prevent over lending by banks that may meet the new capital requirement. Some financial observers have raised concerns that banks that may meet the minimum capital requirement of...
The fate of Uber Ghana hangs in balance as a meeting between stakeholders in the transport industry ends inconclusively. The meeting was to address concerns raised by some stakeholders in the transport industry about the operations of Uber in the country. The question as to whether or not cars being...
The Akufo-Addo administration says it has saved about GHc 782 million from sole sourcing and restricted tendering processes within its first year in government. This is in sharp contrast to the zero savings made from sole sourcing in 2016 under the National Democratic Congress, according to figures from President Nana Akufo-Addo. Beyond this,...
The story of the role of the telcos in Ghana can sometimes be told in distorted forms when network connectivity goes bad. Emotionally hyped narratives of how the telcos fleece their customers and sometimes project images of rabid environmental harm by mast erected by telcos, which receives generously distorted and...
President Nana Akufo-Addo says his government over the past year, has brought stability in the place of the erratic power situation that was inherited from the erstwhile Mahama government. He said adequate power supply is critical to the operation and success of industry, especially small and medium scale enterprises, which provide the bulk...
The bullish run experienced by the equities market in 2017 is set to continue unabated in 2018, according to analysis by Databank Research, based on its projections of a more stable cedi and a further decline in inflation and interest rates. “The sharp decline of yields in the fixed income...
Prof. J.B.K Aheto assisted by other executives of DNI A professor of Accounting and Finance has charged accounting professionals to be guided by ethics and morality in their professional conduct. Prof. J.B.K. Aheto stressed that ethics and morality were the key ingredients which set the best consultancy firms apart from...
The NPP government has announced that it has reduced sole sourcing by 37 percent within its first year in office. The figure dropped from 622 requests in 2016 to 394 requests in 2017. This means there was a 228 drop in the number of sole sourced contracts applied for within the...
Dr. Ernest Addison, Governor of the Bank of Ghana The average interest rate at which commercial banks lend to their customers remained unchanged at 25.7% in December 2017. This is the third consecutive time that the base rates have been kept unchanged at 25.7 percent. The base rate is the lowest...
Bank of Ghana has ruled out reviewing the new capital requirement of GH¢400 million, directing banks that cannot recapitalize to opt for a lower license.   Commercial banks in the country are expected to by the end of December 2018 increase their stated capital from GH¢120 million to GH¢400 million. Speaking at the launch...