Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. In 2022, the total bad debt was estimated at GH¢20.8 billion. The bad debt was classified...
Ecobank increases loans to farmers
Ecobank Ghana Limited has offered US$5 million to maize, rice and soya bean farmers in...
GSE boss calls for bank mergers
The Managing Director of the Ghana Stock Exchange (GSE), Mr. Kofi Yamoah, has said the...
Interest payments to sap 36% of tax revenue
Interest payments on public loans are estimated to cost the country GH¢10.49 billion next year,...
The MasterCard Foundation launches initiative to connect Ghanaians to financial services
The MasterCard Foundation has launched a six-year, $17.6 million initiative in partnership with Oxford Policy...
2016 Budget targets are over ambitious- Dr. Godfred Bokpin
An Economist, Dr. Godfred Bokpin has described as over ambitious, fiscal targets set by the...
Apple ‘to launch peer-to-peer payment app’
Apple is rumoured to be in discussions with banks to set up a new money...
FBNBank Ghana launches Western Union service
FBNBank Ghana Limited (FBNBank) has partnered with The Western Union, a leader in global payment...
Africa’s richest man resigns from Dangote Flour as Tiger Brands cuts funding
Africa's richest man Aliko Dangote and three other directors resigned from the board of Dangote...
Bank of Ghana increases policy rate to 26%; moves to contain rising inflation rate
The Monetary policy committee of the Bank of Ghana has increased its policy rate a...
Developed countries would love Ghana’s 4.1% growth rate
Government has pat itself on the back after growing the economy by 4.1% in 2015,...