The Bank of Ghana (BoG) has notified the general public about a digital and virtual currency being introduced to Ghanaians called the ‘freedom coin’. BoG said that it has come to its attention that there is an impending launch of the cryptocurrency. A statement issued by BoG on 9 March 2022 indicated that, “the public...
Category: Business
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Al-Wa’ayul Islamie Centre steps up socio-economic dev’t funding with a short code
The Al-Wa’ayul Islamie Centre of Madina West, as part of its efforts, to bridge the gap in its funding for socio-economic development is set to launch a shortcode. The shortcode, *790*40#,will serve as an easily accessible conduit for interested persons to register and make monthly donations pledge of GH¢10 or more on all mobile networks....
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World Bank: Ghana’s economy expected to face worst times
The Country Director for World Bank, Pierre Laporte, has said that the country started facing economic challenges before COVID-19. In its January 2022 Monetary Policy Report, the Bank of Ghana stated that the stock of public debt was equivalent to 78.4 percent of GDP at the end of 2021, up from 76.1 percent at the...
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Stonebwoy unveils TECNO CAMON 16 series
The brand ambassador of global mobile phone brand TECNO Ghana, Stonebwoy, has unveiled its new smartphone the CAMON 16 series which boasts an industry-first rear 64-megapixel quad camera and a front 48-megapixel camera to the Ghanaian market. The CAMON 16 series comes in two variants the Camon 16 Premier and the Camon 16 Pro. The...
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ADB pledges convenient banking for clients
The Agricultural Development Bank (ADB) has announced the rollout of more digital platforms to make banking more convenient and comfortable for its clients. “Our ultimate focus is to make the customer comfortable and doing business with us enjoyable and convenience,” the Managing Director of the bank, Dr Kofi Mensah told the Daily Graphic in an...
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Make allocations to Domestic Violence Fund in 2021 Budget – CSOs
A network of Civil Society Organizations (CSOs) on Access to Justice in Ghana has appealed to the Government to make provisions for the Domestic Violence Fund as it seeks input for the 2021 budget. The Coalition said since the initial seed capital of GH¢ 50,000, eleven years ago, there was no further allocation to the...
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All set for Vodafone Ghana, HR Focus Africa’s HR Focus Conference 2020
Vodafone Ghana in collaboration with HR Focus Africa Magazine will host the 2020 Human Resource (HR) conference tomorrow Friday October 9, 2020. The conference which is on the theme, “Work and wellness”, will bring together experienced and forward-thinking HR and business professionals to interact and share knowledge on a virtual platform. There will be presentations,...
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InvestCorp Mid-Tier Fund posts 18.29% yield for 2019
An investment fund, InvestCorp Mid-Tier Fund, closed the 2019 year with a yield of 18.29 per cent. This is 3.59 percentage points higher than the 91-Day Treasury Bill yield. The fund’s Assets Under Management (AUM) also grew to GH¢17.23 million within the same period, representing a growth of 23.1 per cent. This was disclosed by...
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G-Money partners Eliho Ghana Ltd for digital payment in cocoa farming sector
GCB Bank Limited has partnered Eliho Ghana Ltd. to facilitate the transfer and receipt of funds in the cocoa farming and purchasing ecosystem, using the G-Money platform. The partnership is an outcome of the Bank’s interest in providing financial inclusion for the partially banked and unbanked population of the country and to provide smooth financial...
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GCNet challenges staff redundancy award in court
The Ghana Community Network Service Limited (GCNet) has filed a motion at the Accra High Court (Labour Division) challenging the enforcement of an arbitration award to its workers. The company is seeking the intervention of the court to set aside the award which directed the management to pay a redundancy package of 30 per cent...