Category archives for: Finance

Financial Fraud Solutions Must Beat the Best Criminal Minds

Monday, 17 February 2020//-The escalation of financial crime is not far behind the double-digit growth of digital payments.

Tanzania: StanChart Arranges $1.46 Billion to Fund Major Railway Project

Dar es Salaam, Tanzania, February 14, 2020/ — Tanzania has signed a facility agreement with Standard Chartered Tanzania for a $ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora.

Amma Frimpomaa Dwumah Breaks the Cycles of Obstacles to Become Star Achiever

Accra, Ghana, February 12, 2020//-The name Ms Amma Frimpomaa Dwumah is one of the household names in Ghana’s Non-Bank Financial Institutions (NBFIs) sector.

USAID and UBA Sign MoU To Increase Two-way Trade Goals Of Prosper Africa

Tunis, Tunisia, February 6, 2020//-U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa.  

Interest Rate Controls, Capital Flow Restrictions, and Other Potentially Costly Financial Market Regulatory Tools

February 6, 2020//-With the surge in public debt in the wake of the global financial crisis, financial repression—administrative restrictions on interest rates, credit allocation, capital movements, and other financial operations—has come back on the agenda.

Ghana: Amoabeng, 5 Others Slapped with 42 New Charges Over Collapsed Banks

Accra, Ghana, February 6, 2020//-The founder and former Managing Director of now-defunct UT Bank, Prince Kofi Amoabeng, together with five other persons have been slapped with 42 new charges by the state.

Ghana: State Drops Case Against Former UT Bank Founder

Accra, Ghana, February 5, 2020//-State prosecutors have dropped charges of stealing and money laundering against the founder of defunct UT Bank, Prince Kofi Amoabeng.

Ghana Maintains Key Policy Rate for the 6th Time  

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

Ghana: Policy Rate Cut Unlikely This Month – Reuters Poll

January 29, 2020//-A poll of international financial and investment analysts conducted by Reuters is suggesting that the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will still keep the prime rate stable at 16 percent at the end of its ongoing meeting.

If the Fundamentals Are Weak, the Exchange Rate will Expose You?

January 28, 2020//-The formation of the Foreign Exchange (FX) Development Committee chaired by the Minister for Finance, Ken Ofori-Atta, has revived discussions about a statement by Vice President, Dr. Mahamudu Bawumia.

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