According to Naa Alhassan Andani, the former president of the Ghana Association of Banks, the recent decrease in the government Treasury rate is a positive development that will eventually result in a reduction in interest rates. The decrease in rate will support the expansion of the private sector and ultimately contribute to the economy’s growth. […]

GWCL has announced it is embarking on an exercise to recoup GH¢800 million in arrears owed by various institutions and individuals. According to a statement released by GWCL, the company has been facing severe financial challenges, with the high levels of debt owed by its customers. The arrears have accumulated over the years and have […]

GhIE has opened its 53rd Conference and Annual General Meeting (AGM) in Takoradi, Western region. The Ghana Institute of Engineers event began on 28th March 2023, and brings together engineers, policymakers, industry experts, and other stakeholders in the engineering sector to discuss various issues affecting the profession and the country as a whole. The conference, […]

After residents and businesses paid their outstanding electricity bills, the Volta Electricity Company (ECG) successfully reconnected power to several areas in Ho, including the airport and GRA. The outage lasted days and caused inconvenience and frustration among the affected communities. However, the ECG took proactive measures to encourage people to pay their bills and sent […]

On March 22, 2023, the Ghana Immigration Service (GIS) announced the cancellation of the filling of embarkation and disembarkation forms for passengers traveling through Ghana’s airports and seaports. The cancellation is part of the government’s efforts to improve the way of doing business and reduce bureaucracy in the country. The GIS has indicated that the […]

Huawei, the Chinese multinational technology company, has launched its FinTech 2.0 program in Ghana to deepen financial inclusion and support the country’s mobile money sector. The initiative aims to provide an accessible and convenient way for Ghanaians to conduct financial transactions and help them join the formal financial system. Through the program, Huawei will collaborate […]

On a hot and humid day in the small town of Wassa, Ghana, chaos erupted at the Golden Star Wassa Mine. The workers were going about their daily routine when a group of illegal miners stormed the facility and set it on fire. The illegal miners, known as “galamseyers,” had been a thorn in the […]

US Treasury Secretary Janet Yellen faced questioning from legislators on Thursday, March 16, 2023, over the decision to protect uninsured money at two failed regional banks, becoming the first official from President Joe Biden’s administration to do so. Some have criticized the move to protect uninsured deposits, which were held by customers of the failed […]

Credit Suisse, one of the largest banks in Switzerland, suffered a significant blow on Wednesday as its shares plunged by over a quarter of their value to a record low. This came after the bank’s largest shareholder, the Saudi National Bank, made it clear that it would not be providing any additional funding to the […]