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Economy
Total Mobile Money transactions hit record GH¢1.912trn in 2023
The total value of Mobile Money transactions reached a record level in 2023.
According to the January 20243 Summary of Economic…
Average lending rate ends 2023 at 33.75% – BoG
Average lending rate closed 2023 higher at 33.75% per annum, according to data from the Bank of Ghana.
This equivalent to 2.81%…
Monetary Policy Committee cuts policy rate to 29.0%
The Monetary Policy Committee of the Bank of Ghana (BoG) has cut its key lending rate to 29.0% from 30% in line with most analysts…
Ghana’s gross reserves close 2023 higher at $3.66bn; Trade surplus dips
Ghana's Gross International Reserves (GIR) excluding Encumbered Assets and Petroleum Fund ended higher at $3.66 billion in…
BoG approves recapitalisation plans of undercapitalised banks – IMF
The Bank of Ghana has approved the recapitalisation plans submitted by undercapitalised banks, the Staff Report by the…
Confidence In Payment Systems Critical To Interoperability Across Africa…
Eli Hini, Chief Executive Officer MoMo PSB Limited Nigeria has highlighted the need to build confidence in a payment system that…
Youth Empowerment Is Crucial To Promoting Technology In Africa -Selorm…
Selorm Adadevoh – Group Chief Commercial Officer, MTN has emphasized the need to empower the youth through education to drive…
Ghana still in debt distress despite ongoing restructuring programme – IMF
Ghana remains in debt distress with its current position assessed as unsustainable, the International Monetary Fund has revealed…
GRA to leverage customer-centric initiatives to exceed revenue target
The Ghana Revenue Authority plans to leverage customer-centric initiatives to woo more businesses and people into the tax bracket…
Duffuor cautions government against excessive taxation
Former Finance Minister, Dr. Kwabena Duffuor, is cautioning the government against what he described as excessive taxation.
He…