FBNBank Ghana has announced that it has received PCI DSS certification version 3.2.1. from the Payment Card Industry Standards Security Council (“PCI SSC”) affirming the high level of security around its cards. The PCI DSS, which means Payment Card Industry Data Security Standard, is an information security standard for organizations …
Read More »Registrar General to meet clients of six defunct FMCs virtually Thursday
The Registrar General, Jemima Oware, is set to have a meeting with customers of some six defunct fund management companies tomorrow, March 11, 2021. The meeting which is the first for this year will be held virtually. Dubbed Virtual First Creditors meeting, the session will be from 9:00 am to …
Read More »We’ve restored sanity in banking sector – President Akufo-Addo
The banking sector has been sanitized following stringent measures put in place by the governing New Patriotic Party, says President Nana Addo Dankwa Akufo-Addo. He made this assertion on Tuesday, January 5, 2021, when he delivered his last State of the Nation Address to the 7th Parliament. President Akufo-Addo said …
Read More »NIC extends recapitalisation deadline to January 2022
The National Insurance Commission has extended the deadline for the recapitalization of insurance companies from June 2021 to January 2022. The extension of the deadline is as a result of the economic impact of the COVID-19 pandemic which has affected all businesses around the world and in the country. The …
Read More »Less than two million Ghanaians pay tax
About 1.5 million out of the six million eligible Ghanaian tax payers pay tax, allotting Ghana one of the lowest Tax to Gross Domestic Product (GDP) ratio in Africa. Ghana therefore has a lot to do to meet the Sub-Saharan average target of 17 per cent which is above the …
Read More »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 …
Read More »Ghana’s debt stock hits GHS273.8 billion, crosses dreaded 70% debt-to-GDP mark
Ghana’s total public debt stock has risen by GHS54.8 billion in the first nine months of this year, hitting GHS273.8 billion as at the end of September 2020. Government is currently under pressure to slow down the rate of debt accumulation. The new debt figure pushes Ghana’s debt to GDP …
Read More »Ecobank, Registrar General hold virtual sensitisation on business re-registation
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 …
Read More »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 …
Read More »Ghana Stock Exchange appoints Abena Amoah as Deputy Managing Director
The Council of the Ghana Stock Exchange (the Exchange) has appointed Ms. Abena Amoah as its Deputy Managing Director. She will be responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings and New Products, the Ghana Fixed Income Market and the IT systems of the Exchange, …
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