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The NBE’s draft directive bars small banks from operating in SEZs, potentially driving industry mergers. Only banks with at least 2% market share can qualify for SEZ branches, a requirement …
NBE Draft Directive Limits Small Banks’ Operations in Special Economic Zones Read More
Ghana has saved approximately GH¢1 billion due to reduced T-bill rates, according to Finance Minister Dr. Cassiel Ato Forson. These savings will be allocated to critical sectors to support economic …
Ghana Saves GH¢1 Billion from Treasury Bill Rate Reduction by Dr. Ato Forson Read More
Dr. Mohammed Amin Adam challenged President Mahama’s concerns about Ghana’s debt servicing, urging him to mobilize funds as previous governments have. He dismissed the alarm over the projected GH₵ 280 …
Dr. Amin Adam Challenges Mahama on Debt Management Responsibilities Read More
Suriname has successfully transformed its economy from significant distress in 2020 to positive growth forecasts in 2024, thanks to an IMF extended fund facility and a $1.5 billion debt restructuring. …
Suriname’s Economic Resurgence: A Success Story in Sovereign Restructuring Read More
Dr. Mohammed Amin Adam states that Ghana’s exchange rate stability is largely due to the $8.9 billion in international reserves left by the Akufo-Addo administration. He attributes the ability of …
Amin Adam Highlights Role of $8.9B Reserves in Ghana’s Exchange Rate Stability Read More
The Nigerian financial sector faced significant losses in 2024, totalling 52.26 billion Naira (US$34.8 million) due to fraud, particularly involving fraudulent BVNs. The NIBSS report emphasizes the urgent need for …
Significant Financial Losses in Nigeria Due to Fraud: A Call for Enhanced Security Measures Read More
The Financial Regulatory Authority of Egypt has approved new rules for the Settlement Guarantee Fund to enhance stability in capital markets. The rules include increased resources and a structured approach …
FRA Approves Enhanced Guidelines for Egypt’s Settlement Guarantee Fund Read More
The Gold-for-Oil programme in Ghana has been suspended due to unspecified policy and operational challenges, according to Dr. Johnson Asiama, Governor of the Bank of Ghana. The programme aimed to …
Suspension of Ghana’s Gold-for-Oil Programme Due to Economic Challenges Read More
Financial economist Dr. Bernard Tetteh-Dumanya suggests that Ghana can mobilize $40 billion without IMF support through strategic initiatives. He warns that failing to implement these measures may lead to increased …
Ghana Can Mobilize $40 Billion Independently of IMF, Says Financial Expert Read More
Ghana’s Central Bank has halted its gold-for-oil program to stabilize the cedi amidst economic fluctuations. Governor Johnson Asiama aims to reinforce monetary policy and fiscal discipline to ensure foreign exchange …
Ghana Halts Gold-for-Oil Program to Stabilize Cedi and Economy Read More