Mrs Comfort Owusu, the Executive Director of the Association of Rural Banks Ghana, has called on government to support Rural and Commercial Banks (RCBs) to retrieve locked up funds with the defunct financial institutions whose licenses were revoked. She appealed to government to consider a tax reduction from 25 per […]

Rating agency S&P Global has affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support, and adequacy of […]

Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns over a record rise in coronavirus infections worldwide that could stall a recovery in fuel demand. Brent crude rose 10 cents, or 0.2 per cent, to $42.29 a barrel by 0826 […]

A former Deputy Minister of Communications, Mr Ato Sarpong, has noted that policies and regulatory practices in the telecommunication sector of the Ghanaian economy have consistently, over the years, favoured foreign multinationals against locals. In an article, he explained that the then Ghana Telecom which was sold to Vodafone by […]

The Court of Appeal has thrown out an application from the Bank of Ghana (BoG), which challenged the jurisdiction of the High Court. BoG had argued that the High Court has no jurisdiction to hear the complaint which is challenging the revocation of GN Saving’ licence. It argued that the […]

The executive committee of the African Insurance Organisation (AIO) has cancelled its 47th Conference and Annual General Assemblies, which were initially scheduled to be held from May 31st to June 3rd 2020. AIO is the umbrella-body of all Insurance Companies from the African Union (AU) countries. According to a release […]