BUSINESS

It was expected, mostly because it had been rumored largely throughout the week; a possible lockdown by government in the face of the dreaded coronavirus. Many citizens sat, glued to their television sets , awaiting another address by his Excellency the president, Nana Addo Dankwa Akufo-Addo, Friday evening. Soon it …

As the situation around Coronavirus continues to evolve, we as a bank are doing everything we can to ensure our customers’ banking needs are met during these uncertain times with the appropriate safeguard protocols in place. As always, the safety and wellbeing of our customers and staff remain our highest priority and …

Ghana and six other West African countries have been allocated US$379 million by the Board of the World Bank Group in International Development Association (IDA) credits and grants to help harmonize and strengthen statistical systems. The other six ECOWAS countries are Burkina Faso, Cabo Verde, Ivory Coast, Liberia, Sierra Leone …

Commercial sex workers in the Ashanti regional capital, Kumasi, have been hit hard by the novel coronavirus (CONVID-19) that has hit the world, forcing some of them to call their customers at reduced prices. They said the disease is preventing their customers and potential customers from engaging their services for …

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 …