FinTech & Innovation: Fueling Ghana's Financial Inclusion Agenda
In recent years, financial technology (FinTech) has emerged as a catalyst for innovation and progress in the banking and financial sector worldwide. Ghana, a country known for its vibrant entrepreneurial spirit, is leveraging FinTech to drive its financial inclusion agenda. By embracing innovative technologies and fostering a supportive ecosystem, Ghana is empowering its citizens, expanding access to financial services, and promoting economic growth.
Chartered Economist Donates GHC100,000 To Support Former President Mahama’s Re-Election Bid_
Chartered Economist, Bernard Oduro Takyi popularly known as BOT has donated an amount of GHS 100,000 to support the 2024 campaign of the flagbearer of the National Democratic Congress (NDC), H.E John Dramani Mahama. Bernard Oduro Takyi in the company of his wife, Jacqueline Takyi led a group of NDC activists to make this presentation to the NDC flagbearer at his office in Cantonments, Accra on Wednesday, May 31, 2023.
The impact of the debt crisis on Ghana's currency and inflation rates
The debt crisis in Ghana has exerted a substantial influence on the country's currency and inflation rates. Here are some of the effects: - Between January and October 2022, Ghana's currency, the cedi, experienced a depreciation of over 50%. This depreciation resulted in a $6 billion increase in Ghana's debt burden.
Hamza Bendelladj, the man who hacked 217 banks.
Hamza Bendelladj is an Algerian computer hacker who gained notoriety for his involvement in cybercrime activities. He was born on January 1, 1989, in Tizi Ouzou, Algeria. Bendelladj is also known by his online aliases "Bx1" and "The Ghost." Bendelladj came into the spotlight for developing and distributing a banking Trojan known as SpyEye.
You Need To Know This If You're Doing Your Service This Year
The National Service Scheme (NSS) is a required one year service program for graduates from accredited tertiary institutions. The program was laid out by the Ghanaian government in 1973 determined to provide newly qualified graduates with useful abilities, work insight, and exposure to the Ghanaian society and work environment.
The Government Confirmation Board of Trustees investigates deserted $7.8m Elmina Fish Handling HiPla
The Parliamentary Board on Government Affirmation has surveyed the undesirable Elmina Fish Dealing Plant in the Central Region to gain proficiency with the drops and find pragmatic solutions for them. The plant, created by Expotec Worldwide Limited of India at a cost of $7.8 million with endowments from the EXIM Bank of India, had been abandoned after it was charged in 2016.
Fintech and Financial Education: Empowering Individuals for Financial Literacy
In today's rapidly evolving digital age, financial education plays a crucial role in equipping individuals with the knowledge and skills they need to make informed financial decisions. With the growing complexity of financial products and services, it has become increasingly important for individuals to have a solid understanding of finance.
Sad News Hit Ghana As Ghanaian Taxi Driver In US Shot To Death by Unknown Assailant
According to his spouse, Koffi Addo, a 57-year-old father, left Ghana at the age of 37 and has worked two jobs since arriving in the United States to support his nuclear family and extended family back home. A client shot and killed him when he was working as a taxi driver in Somerset County, New Jersey.
I want to come to Nigeria – American rapper, Lil Durk
American rapper and vocalist, Durk Derrick Banks, famously known as Lil Durk, has uncovered plans of coming to Nigeria soon. The 30-year-old said he is arranging of holding a huge show in the west African country. He revealed this during an interactive discussion with fans on Twitter on Friday.
National Ambulance Service reacted to the sale of Government ambulance in Dubai
The National Ambulance Service has denied claims on social media of a purported ambulance that belongs to the Government of Ghana being sold in Dubai. In a statement, the National Ambulance Service described the claims as completely false adding that the vehicle in question is one of the 26 Toyota Hiace Ambulances being procured by the Government, through the Ministry of Health and being funded by the World Bank.
Conditions For the $3 billion IMF Deal
Ghana and the International Monetary Fund (IMF) have agreed to a three-year program supported by the Extended Credit Facility (ECF) with approximately $3 billion. The agreement involves economic policies and reforms aimed at achieving macroeconomic stability, debt sustainability, and fostering inclusive growth.
Ghana Maintains Policy Rate at 29.5%
According to reports from Reuters and U.S. News, the Bank of Ghana has decided to keep its policy rate unchanged at 29.5%. The central bank cited tight monetary policy and relative exchange rate stability as factors that contributed to a decrease in inflation in the country. This marks the second time this year that the bank has maintained its main interest rate, following a 100 basis points increase to 28.00% in January, as reported by FocusEconomics. Ghana is currently experiencing its most severe economic
Financial Freedom at Your Fingertips: Ghanaian Fintech Startups Redefining Banking and Payments
In an era marked by rapid technological advancements, Ghana's fintech startup ecosystem is revolutionizing the way people bank and make payments. These innovative companies are leveraging cutting-edge technology to create user-friendly, accessible, and secure financial solutions, bringing financial freedom to the fingertips of Ghanaians.
Ghana’s Public Debt Reduce to GHS 434bn
According to the Bank of Ghana's April 2023 report, Ghana's public debt decreased to GHS 434 billion by December 2022, marking a GHS 141 billion reduction. The Governor of the Bank of Ghana, Dr. Ernest Addison, attributed this decline to the Cedi's strength against the Dollar in December of the previous year.
Mr. President, Shouldn’t Ofori Atta Resign Now?
Shouldn’t Ken Ofori Atta resign as finance minister? This has been the concerns of many who have been following the call for the resignation of Ofori Atta by some 100 Members of Parliament. It’s significant to note that the call was made by MP members of the ruling New Patriotic Party (NPP), Ofori Atta’s own political party.
Addressing the Declining Value of the Ghana Cedi: Strategies for Stability and Growth
The Ghana Cedi's ongoing depreciation against major trading currencies, particularly the dollar, has raised concerns among policymakers and citizens alike. The weakening of a nation's currency can have far-reaching implications, including increased inflation, reduced purchasing power, and negative impacts on trade and investment.
Bofoakwa Tano Returns To The Ghana Premier League After 16 Years
Bofoakwa Tano, a football club in Sunyani returns to the Ghana premier league after 16 years of waiting. Bofoakwa Tano topped zone 1B with 63 points while Techiman Eleven Wonders topped zone 1A with 52 points. Per the rules and regulations governing the Access Bank Division One zone 1, the two teams have to play a playoff to determine the one that will qualify to the premier league.
UNDP Takes the Lead in Ghana for Sustainable Rice Production and Greenhouse Gas Emission Reduction
The United Nations Development Program (UNDP) is taking the lead in promoting sustainable rice production in Ghana. They are implementing a project aimed at training 11,000 farmers on the use of safe water practices to reduce methane emissions. Methane is a potent greenhouse gas that contributes to global warming.
Alex Apau Dadey, KGL SWEEP Group CEO for Conglomerate Business & Diaspora Business of the Year 2023
Executive Chairman of the KGL Group, and Board Chairman of the Ghana Investment Promotion Centre, Mr. Alex Apau Dadey picked up two awards, The Group CEO of the Year for Conglomerate Business and the Diaspora Business of the Year at the 7th CEO Summit held at Kempinski Hotel, Gold Coast City in Accra on the 22nd May 2023.
MP Leads By Example, Donates Blood To Constituency Hospital After They Run-out Of Blood
The member of parliament for Mfantseman constituency, Hon. Ophelia Hayford Quansah has caught social media admirations for selflessly donating her blood freely to a government hospital after they run short of blood. Hon Ophelia Hayford Quansah has led so many times by example including leading a team of national service personnel for a clean up exercises, joining community members for communal labour and others.