BUSINESS

Ghana has turned to the International Monetary Fund for financial support to combat the novel coronavirus pandemic. The IMF in a press release disclosed that the government had requested a rapid credit facility disbursement. IMF’s African Department Director, Abebe Aemro Selassie is quoted as saying: “Last week, the IMF received Ghana’s request …

(Jeddah, March 23, 2020) – The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has been named ‘Best Islamic Financier’ by the trade finance platform, Trade Finance Global, in cooperation with BAFT.      The international work carried out by banks, financial institutions …

Member of Parliament for Assin Central, Kennedy Agyapong has vowed to bring down Fidelity Bank if the Bank does not act on his allegations made against the founder and leader of the International God’s Way Church, Angel Daniel Obinim. According to him, Obinim uses the bank for his money laundering activities which …

The International Monetary Fund (IMF) has predicted a financial retrogression of the world in the year 2020. It however said that it expects a quick recovery in the year 2020. “To get there, it is paramount to prioritize containment and strengthen health systems—everywhere. The economic impact is and will be …

Members of the Ghana Association of Bankers, as part of efforts to curb the spread of coronavirus, have agreed to regularly sanitise banknotes. Although the World Health Organisation says banknotes do not transmit the coronavirus, the banks are taking precautions. The Association, in a statement issued in Accra Monday said, …

The Board Chairman of Afro Arab Microfinance Company limited Alhaji Salamu Amadu has commended the governor of Bank of Ghana(BOG) Dr. Ernest Addison for the bold step he took to help stabilise the financial sector. Alhaji Salamu believes the move by the central bank to “cut interest rates” in fighting …

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Information Minister Kojo Oppong Nkrumah has debunked reports that the country will be on lockdown from Sunday, March 22. In a tweet announcing an address by President Nana Adddo Dankwa Akufo-Addo in the evening, Mr Oppong Nkrumah indicated that a lockdown of the country will not be part of the …

The Ghana Onion Drivers Association, operating along the Ghana, Burkina Faso and Niger routes, has petitioned the Inspector General of Police, the Speaker of Parliament and other stakeholders over alleged Police extortions on the Bawku, Kumasi road. The Association alleged that for the past three years officers of the Motor …

The Bank of Ghana (BoG) has announced that there will be no charges on all mobile money transfers of GH¢100 and below from both banks and mobile network operators for the next three months. This new policy which is subjected to review will commence Friday, March 20, 2020. BoG noted …