Ghana Receives $200 Million Support To Transform And Diversify Economy

Ghana has received $200 million from the World Bank to help it to transform and diversify its economy by promoting private investment and firm growth in the non-resource base sectors. The funding from the International Development Association, which was approved

July 4, 2019

SSNIT to cease lump sum pension payments from 2020

From 2020 all pensioners on the new pension scheme will access their lump sum payments from the managers of pension schemes other than the Social Security and National Insurance Trust (SSNIT). By this, the state pension’s manager, SSNIT will only

July 3, 2019

Banks’ profit up 38.9%

The 24 banks, currently operating in the country, registered an after-tax profit of GH¢1.1 billion, representing a year-on-year growth of 38.9 percent compared with 5.8 percent growth for the same period last year. The profit margin is a remarkable growth,

June 27, 2019

Ghana’s economy expands 6.7 per cent in first quarter of 2019

Ghana’s economy grew 6.7 per cent year-on-year in the first three months of 2019 compared to 5.4 per cent in the same period last year, the Ghana Statistical Service said on Wednesday. The quarter-on-quarter seasonally adjusted growth rate was 1.6

June 20, 2019

[Article] Strengthening the Non-Banking Sector: A Shared Responsibility

On May 31, 2019, the Bank of Ghana (BoG) revoked the licenses of 347 insolvent microfinance companies. This action forms the second phase of the on-going reforms in sanitising the financial sector towards improving operational resilience and confidence in the

June 18, 2019

Inflation rate for May drops to 9.4%

Inflation rate for May 2019 recorded a marginal reduction to 9.4 per cent down by 0.1 percentage point from the 9.5 per cent recorded in April 2019. Deputy Government Statistician, David Kombat has been explaining to the media in Accra

June 12, 2019