Browsing: Finance
UT Bank and GN Bank may soon re-enter Ghana’s financial landscape, Senior Partner at AB & David Africa, David Ofosu…
Ghana generated $517 million in crude oil revenues during the second half of 2024. This is according to the Bank…
The Bank of Ghana (BoG) has assured that it will ensure banks with capital shortfalls comply with their recapitalisation…
President of the African Refiners & Distributors Association (ARDA), Dr Mustapha Abdul-Hamid chaired the organization’s highly anticipated Executive Committee Meeting…
Samuel Nartey George, the Minister nominee for Communications, Digitalisation and Innovation, has asserted that financial technology (fintech) is central to…
President John Dramani Mahama recently hinted at the adoption of Islamic banking during the National Thanksgiving Prayers with Muslims at the National Mosque. This came as an assuring moment to the finance industry.
Dr. Ato Sarpong’s commitment to excellence has earned him recognition and respect from party faithful’s and Ghanaians at large, and this appointment is a well-deserved acknowledgment of his hard work and expertise”, the Central regional branch Organiser of the NDC, Mike Derry extolled.
The Bank of Ghana’s Gold for Oil Policy and Domestic Gold Purchasing Programme contributed significantly to this through the strategic accumulation of gold.
This performance was driven mainly by higher gold and crude oil exports, as well as strong remittance inflows.
But the main driver of the improved overall merchandise trade performance was the substantial 21.1% increase in Ghana’s exports last year to US$20,221.0 million, up from US$16,703 million in 2023. However this increase was entirely fuelled by a 53.2 % increase in gold exports from US$7,600.8 million in 2023 to US$11,641 million in 2024.