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Banking and Finance
After heavy losses last year: Banks return to profitability
First quarter (Q1) results of banks have shown signs of recovery after a large majority of them suffered heavy losses on account…
Ajay Banga elected World Bank boss
Former Mastercard boss Ajay Banga has been elected to lead the World Bank as it strives to help low-income countries overcome debt…
Struggling Ghana loses access to Eurobond market, faces depleting reserves
In June 2022, when Ghana approached the IMF for a $3 billion bailout package, it was because the country’s gross international…
Banks still strong, have enough liquidity despite DDEP – Ghana Association…
The Ghana Association of Banks (GAB) has stated that banks in the country are in good standing with their financial position…
Ghana defaults on payment of domestic debt
INTERNATIONAL ratings agency, Fitch Ratings, says Ghana has defaulted in servicing its local debt but has the prospect of…
Dr Ngozi Okonjo-Iweala: WTO Director-General visits Ghana today
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, is set to visit Ghana today (Tuesday, April…
2022 PIAC Report: Finance Ministry fails to transfer 5% ABFA to DACF;…
For two consecutive years, the Finance Ministry has not been able to meet the requirement to transfer 5.0% of the Annual Budget…
GT Bank plans to reduce lending and bond trading in Ghana
Nigeria's biggest bank by market value, Guaranty Trust Holding Co., has announced plans to reduce its lending and bond trading in…
Domestic Debt Exchange Programme: Pension funds next? It is off the table —…
Ghana’s Finance Minister, Ken Ofori-Atta, was coy with his answers when asked the simple question as to what exactly was his plea…
MTN to pay GHc1.5bn in dividends to shareholders
Shareholders of MTN Ghana will soon be smiling to the bank as the company has announced dividend payment amounting to GHc 1.524…