Friday, April 4, 2025

BUSINESS

For hoarding fresh Naira notes, an Abuja bank manager was detained.

The Economic and Financial Crimes Commission (EFCC), on Monday, arrested an Operations Manager of a commercial bank in Abuja Central Area, for hoarding the new banknotes. The suspect was arrested by operatives of the commission for allegedly refusing to load...

Don’t make us destitute – Pensioners cry for DDEP exemption. 

Some members of the Pensioners Bondholders Forum on Monday picketed the Ministry of Finance, demanding exemption from the Government’s Domestic Debt Exchange Programme (DDEP). They, among other things, appealed to government to not “push pensioners into their early graves” and...

Insurers agree to participate in domestic debt exchange programme

The Ghana Insurers Association has agreed to participate in government’s Domestic Debt Exchange programme, following the government’s guarantees of cushioning affected insurance companies. This is to be done through the solvency window of the Ghana Financial Stability Fund (GFSF). The Ministry of Finance...

AMA to roll-out digital revenue collection in March

The Accra Metropolitan Assembly (AMA) has announced plans to introduce a digitised revenue collection system in March, this year, to rake in more revenue for the Assembly.The new platform, expected to make payments more convenient, is aimed at checking...

AfDB mobilises $1.9 billion to fund transformative projects over next three years

The Africa Development Bank had at the end of last year mobilised some $1.9 billion from development partners to fund transformative projects from 2023 to 2025. About 400 million dollars of the funds has been allocated to climate action. This is...

Africa needs US$170 billion annually to bridge infrastructure gap – Veep

Vice President Dr Mahamudu Bawumia says Africa needs between US$130 and US$170 billion annually to bridge its infrastructure gap and generate sustainable growth at five per cent or more per annum.To achieve that objective, he called for public-private partnerships...

Use .gh domain names to promote local internet economy – GDNR to businesses

The Ghana Domain Name Registry (GDNR) has called on stakeholders, including businesses, to buy Ghana domain names (.gh) to promote revenue generation in the local internet space for economic development.Reverend Dr Nana Yaa Prempeh, Board Chairperson, GDNR, said subscribing...

Encourage smart children to pursue TVET – NYA urges parents

Mr Nelson Owusu Ansah, the Deputy Director of the National Youth Authority (NYA), has urged parents to allow their children, no matter their performance, to pursue courses in Technical and Vocational Education Training (TVET) if they desire, to create...

Domestic Debt Exchange: Vulnerable must not suffer, says Consultant

A Banking Consultant says Ghana's quest for a Domestic Debt Exchange Programme (DDEP) must be well packaged to ensure that the vulnerable in society would not suffer.“Restructuring domestic debt is surgery. You only do it if you must, and...

Kenya will raise tax collections and reduce borrowing.

Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borrowing to boost its finances and collections by 17%. President William Ruto’s government has been trapped by an indebted...
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