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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…

The First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku Afari, has indicated that the inflation targeting framework is the most robust monetary policy formulation strategy that has impacted positively the objectives of the Bank of…

The Ministry of Food and Agriculture (MoFA) says it is working assiduously to make Ghana the lead exporter of Soyabean in the world by 2030. The Ministry projects to achieve this feat through the implementation of strategic measures in…

The African Export-Import Bank (Afreximbank) and Ghana Railway Company, the national railway operator of Ghana, have signed a project preparation facility Head of Terms agreement and Pre-Mandate Letter to finance the development and…