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BoG to unwind countercyclical measures in financial sector – Governor

Dr Ernest Addison, Governor of the Bank of Ghana has hinted of plans to undo all countercyclical measures implemented in the financial sector due to the COVID-19 pandemic to allow for the proper functioning of the system. He has, therefore, charged banks to remain vigilant, upgrade staff capabilities and improve …

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Ghana’s economy contracts 1.1% in third quarter 2020

Ghana’s economy contracted by 1.1 per cent year-on-year in the third quarter (July to September) of 2020 compared to the same period in 2019 due to the coronavirus pandemic. In the same period of 2019, the growth was 5.6 per cent. Gross Domestic Product (GDP) growth rate without oil and …

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Premix Secretariat digitises fuel distribution

The National Premix Fuel Secretariat (NPFS) has embarked on a digitisation drive aimed at ensuring transparency and blocking leakages in the premix fuel trade. With the new drive, only fishermen with electronic cards can access the product, the Chairman of the National Premix Committee, Nii Lante Bannerman, has said. He …

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Ecobank, Registrar General hold virtual sensitisation on business re-registation

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Ecobank, in partnership with the Registrar General, has sensitised businesses on the Companies Re-registration Directive by the Registrar General’s Department to drive compliance. The event, which was held virtually on Wednesday, September 16, 2020 for over 2,000 participants, is part of the bank’s efforts to support and provide convenient solutions …

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Agyapa Royalties transaction not suspended – Ministry of Finance

The Ministry of Finance has debunked claims that the Agyapa Royalties transaction has been suspended. “The Ministry wishes to state that the Agyapa Royalties transaction has not been suspended as is being reported,” a statement from the Public Relations Unit of the Ministry said. It said Mr Mark Agyemang, the …

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Dr. Adesina President of African Development Bank sworn in for second term

Dr. Akinwumi Adesina was formally sworn into office for a second term on Tuesday after a historic re-election last week. The swearing-in ceremony, which took place at the Bank’s Abidjan headquarters was presided over by the newly appointed Chair of the Board of Governors, Ghanaian Finance Minister Kenneth Ofori-Atta, who …

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