Category archives for: Finance

Committee Rejects Ofori-Atta’s GHC15 Billion Request for Banking Cleanup

Accra, Ghana, December 10, 2019//-Ghana’s Minister of Finance, Ken Ofori-Atta has failed to secure approval from the finance committee of parliament for an amount of 15.6 billion cedis for the banking sector clean-up.

Forum Highlights Immense Strength of Islamic Finance Globally

Jeddah, Kingdom of Saudi Arabia, December 9, 2019/ — The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), successfully concluded its Partners Forum 2019: Investing for Impact, which was held on the 5th December in Jeddah, Kingdom of Saudi Arabia.

Elumelu Dedicates Philanthropist of the Year Award to Young African Entrepreneurs

Johannesburg, South Africa, December 6, 2019 – Tony O. Elumelu, CON, Founder of the Tony Elumelu Foundation (TEF) and Chairman, Heirs Holdings and United Bank for Africa Group, received the All Africa Business Leaders’ Awards (AABLA) yesterday in Johannesburg.

Rising Money Laundering in Ghana Signals Headaches for Policymakers

Accra, Ghana, December 5, 2019//-Policymakers in Ghana are finding it difficult to catch a sleep due to the rising money laundering actives in the West African country.

Tony Elumelu Foundation to Open Applications for 2020 Entrepreneurship Programme Next Month

Lagos, Nigeria, December 1, 2019//-The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020.

Ghana: Minority Demands Withdrawal of New Higher Notes

Accra, Ghana, December 1, 2019//-The Minority in Parliament is demanding the immediate withdrawal of the new denominations of the Ghana Cedi introduced by the Bank of Ghana (BoG).

BoG: New Notes Won’t Fuel Inflation

Accra, Ghana, November 30, 2019//-The Bank of Ghana (BoG) has given its strongest assurance that the new higher notes introduced recently would not fuel inflation in the country.

Elumelu to Receive National Productivity Order of Merit Award

Lagos, Nigeria, November 26, 2019//-Tony O. Elumelu, CON, Founder of The Tony Elumelu Foundation (TEF) will be conferred with the National Productivity Order of Merit (NPOM) Award by the President of Nigeria, Muhammadu Buhari in recognition of his continuous hard work and total commitment to the empowerment of youth in Nigeria and Africa.

Bank of Ghana to Scrutinize Compensation Policies for CEOs, Directors and Key Staff of Banks

Accra, Ghana, November 25, 2019//-Bank of Ghana (BoG) today announced that it would scrutinize compensation policies for Chief Executive Officers (CEOs) and key management personnel as well as Board of Directors of universal banks operating in the country.

Ghana Maintains Policy Rate at 16 Percent for 5 Consecutive Times

Accra, Ghana, November 25, 2019//-The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained its policy rate 16% for five consecutive times.

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