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The First Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku-Afari has dismissed the assertion that Artificial Intelligence (AI) will render some workers redundant, arguing that AI has come to stay and therefore all and sundry must embrace its positive impact on the economy and allow it to shape the future. According to him, AI is transforming the global economy, revolutionizing productivity, and driving growth. “There are those who harbour the destructive fears of AI on labour dynamics. While many studies have predicted the likelihood that jobs will be replaced by AI, what we do know in fact…
Amanano Rural Bank in the Ashanti Region is prioritizing support for the agricultural sector in implementing its 2025 business strategic plans. The Bank says it is dedicated to empowering women in the agriculture sector, especially, in promoting their welfare and contributing positively to the community. Acting Chief Executive Officer Daniel Bediako says the bank is marking a significant milestone toward becoming the fastest-growing bank in the Atwima Mponua District. He was addressing the 36th Annual General Meeting of the bank at Nyinahin. This year’s meeting served as a vital platform for stakeholders to engage in meaningful discussions and foster collaboration…
Creativity, Ingenuity and Innovation took centre stage at the finals of the KIC Agritech Challenge Classic Final Pitch held at the Kwame Nkrumah University of Science and Technology (KNUST). Organised by Kosmos Innovation Center (KIC) and the Mastercard Foundation, the 3-day event saw 64 teams pitch several business ideas aimed at providing solutions to several challenges confronting the agricultural sector. The pitches showcased business ideas on sustainable agricultural production, technological application, mechanisation, seed breeding, nutrition, agro-processing, and recycling using agricultural raw materials, as well as green businesses focused on eco-friendly packaging, among others. The AgriTech Challenge Classic is a 7-month…
The market capitalization on the Ghana Stock Exchange (GSE) increased significantly to GH¢100.1 billion in October 2024. This is compared with GH¢73.9 billion recorded in October 2023. According to the Bank of Ghana, the increase in market capitalization was driven by appreciation in share prices, underpinned by renewed investor confidence particularly in the mining, IT, and finance sectors, and issuance of new shares by banks as part of the capital restoration efforts. The Central Bank described the performance of stocks on the GSE as strong. “With limitations in alternative investment options in the money market resulting from the Domestic Debt…
The acting pro-vice-chancellor of the University of Environment and Sustainable Development (UESD), Prof. Edward Wiafe Debrah wants a balanced approach to managing the country’s natural resources. Speaking at the 27th Annual General Meeting of the Ghana Institute of Foresters, Prof. Debrah pointed out the short-term economic benefits that mining provides in some communities but warned of its unsustainable nature. “Gold contributes about 35% to our economy, which is significant, but its value cannot outweigh frogs, trees, and plants that we lose in the process. If we eliminate these natural resources, no amount of money can bring them back, and the…
According to the Trade Statistics Report from the Ghana Statistical Service, United Arab Emirates (40.1%) led the destination of gold export followed by Switzerland (30.1%), South Africa (22.2%), and India (6.8%). Together they accounted for 99.2% of gold export from Ghana. About a third of mineral fuels and oils were also exported to China (29.8%), nearly a quarter of cocoa to the Netherlands (22.2%), vegetable products to Vietnam (17.0%) and iron and steel to Burkina Faso (55.9%). For five out of the 10 product classifications, China was the leading country of origin. However, for mineral fuels and oils the main…
In videos on social media, spectators were seen close to the landing site witnessing the historical landing which occured after 10 AM.
The Green Finance Facilitator (GFF) programme is designed to address this gap by building a pipeline of bankable and investable green projects.
Speaking on a radio show last week, Mr. Oduro Takyi alleged that these buffers, created during the Mills-Mahama administration, were specifically designed to maintain cedi stability.
The Finance Minister expressed optimism that the impasse would soon be resolved, allowing Ghana to access the crucial funds without significant delays