Browsing: Finance
Small and medium-sized enterprises, especially those in the fields of Science, Technology, Innovation and Research (STIR), have been advised…
Absa noted, is its ongoing collaboration with Women in Tech South Africa, through which it proudly sponsors the Philippi Village Learning Centre, empowering women and youth with cutting-edge digital skills.
The coalition argues that ECG’s recent engagement of Fidelity Bank as the “single account” custodian, alongside its large-scale foreign exchange transactions with the bank involving millions of dollars, should have been subjected to public procurement procedures.
Ms Awadzi emphasised that beyond encouraging women to open bank accounts, there should be incentives for them to use these accounts to grow their businesses.
The leader of Ghana’s delegation, Governor of the Bank of Ghana (BoG), Dr. Ernest Addison and his team engaged with Dr. Heike Harmgart, Managing Director for Sub-Saharan Africa at the EBRD.
The International Monetary Fund (IMF) has projected Ghana’s Debt-to-GDP ratio to end 2024 at 82.9 percent. This was contained in…
Mr Pierre-Olivier Gourinchas, the IMF’s Chief Economist, said global headline inflation, which peaked at 9.4% in the third quarter of 2022, is expected to drop to 3.5% by the end of next year.
This resulted in an outright debt cancellation of about $5 billion and debt service relief of $4.3 billion, bringing total savings to approximately $12 billion.
The elevated interest payments, which has brought a situation of tight external and domestic financial conditions since 2022, will created a budget financing gap.
According to the Bank’s published financial figures for the first nine months of 2024, the bank recorded impressive profit before tax of GHC176.414 million compared with GHC26.999 million recorded during the same period in 2023, representing a profit growth of over 600 percent.