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Banking and Finance
Banks to take time to cut lending rates
Despite the policy rate of the Bank of Ghana going down by one percentage points, it would take time for banks to cut their…
African Development Bank to invest $3bn in Africa’s pharmaceutical industry
In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African…
BoG abolishes bank charges on savings account and other ‘unfair’ fees
The Bank of Ghana has directed banks and Specialized Deposit-Taking institutions to desist from charging some fees and…
BoG to purchase gold from local market
The Bank of Ghana has launched a programme to start purchasing gold from the local market to help shore up its reserves.…
ADB supports agribusinesses in Ghana
Many Ghanaians heaved a sigh of relief when the government introduced the One District One Factory (1D1F) initiative, which is…
Banks will use fortified bullion vans – Association of Bankers
The Ghana Association of Bankers, GAB, says it is saddened by Monday’s bullion van robbery incident at James town in Accra…
Govt to borrow ¢2.9bn between June and August 2021
The government of Ghana is to borrow a little above ¢2 billion in fresh funds between June and August 2021, the latest…
myGhQR.com makes bank-to-bank transfers instant
Ghana’s direct bank-to-any-account contactless payment service myGhQR.com has been officially launched today by leading…
Bank of Ghana announces digital cedi plans
The Governor of the Bank of Ghana, Dr Ernest Addison has confirmed that the central bank has been working on a central bank…
ETI to Raise US$300mn via Issuance of Tier 2 Notes
Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, the leading Pan-African banking group…