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A total of 79,364 assets were registered as collateral by Banks and Specialised Deposit-Taking Institutions in the first quarter of 2023, up from the 76,142 assets registered in quarter one of 2022. According to the First Quarter Report…

Fitch Solution has stated that Ghana’s International Monetary Fund Programme will not be suspended despite a higher-than-budgeted expenditure. According to its latest assessment of Ghana Titled “Positive Shift in Ghana’s Political Risk…

The Government Statistician at the Ghana Statistical Service (GSS), Prof. Samuel Kobina Annim, has indicated that the year-on-year Producer Price Index (PPI) for May 2023 is 30.0 per cent. This rate indicates that between May 2022 and…

The Commercial Bank Settlement Model, recently introduced by the Pan African Payment and Settlement System (PAPSS) will advance the payment of cross-border transactions on the continent – with particular gains witnessed in the areas of cost…

The value of secured loans for which collateral was registered by banks and Specialized Deposit-Taking Institutions was estimated at ¢5.26 billion in the first quarter of 2023. This is relative to ¢6.5 billion recorded during the same…

Dr. Efua Asabea Asare, Chief Executive Officer of Ghana Export Promotion Authority (GEPA), has urged banks to extend flexible credit facilities to small and medium enterprises (SMEs) to engender the industrial transformation the nation…

The Speaker of Parliament, Alban Bagbin, has urged the church to speak out on issues of national concern. He stated that the clergy and the church must be more active in national affairs. In a speech delivered at an induction ceremony…

Crude oil demand is set to rise to 110 million barrels daily by 2045, which would be a 23% increase from current levels. This is what the Secretary General of OPEC, Haitham al Ghais, said today, as quoted by Reuters. The forecast…

Oil and gas drilling in the U.S. shale patch is slowing down. Rig counts have been falling for weeks, and the latest Dallas Fed Energy Survey also showed that activity is weakening. Some say this would lead to supply shrinkage, which…

The volume of crude oil sitting in stationary tankers jumped to the highest in more than two and a half years on June 23, as an unusual cluster of Saudi oil tankers is idle off Egypt’s Red Sea coast. Crude oil on stationary tankers has…