Latest Updates

Latest Updates

Mobile Money Interoperability transactions rise 400 percent in six months

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The volume of Mobile Money Interoperability (MMI) transactions jumped over 444 percent in the first half of this year compared to the same period last year. According to the Ghana Interbank Payment and Settlement Systems (GhIPSS) Half Year Performance report, MMI transactions from January to June stood at 13.8 million compared to 2.5 million recorded …

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Ecobank dismisses reports of GH¢4 million judgment debt against the bank

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Ecobank Ghana has dismissed reports of an attempted seizure of its assets over a debt the bank owes a private entity. A report by Citinewsroom said the bank prevented the seizure of its assets on Tuesday, July 21, 2020 over fraud related to a loan. The report said the Police was at the Ecobank Head …

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Syndicated fraud makes internal auditing more relevant – IAA Director

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Mr. Nathan Yankey, Acting Director of Operations, Internal Audit Agency (IAA) says the increasing number of syndicated fraud and cybercrime cases underscores the importance of internal audit in Public Financial Management (PFM). He said internal audit units acknowledged the challenge and were repositioning themselves to strengthen mitigating mechanisms and controls to limit the use of …

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FREE Project Management Virtual Seminar

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Project Management is evolving! Be current! You CANNOT use your old Project Management knowledge to manage projects successfully. Learn the latest trends, tools, and techniques in Project Management that will help you to complete projects on time, on budget, and with the highest quality without paying a dime! It’s a FREE Virtual Seminar. Date: Saturday, …

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Huawei: China attacks UK’s ‘groundless’ ban of 5G kit

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The Chinese government has said it is “strongly opposed” to the UK’s “groundless” ban of Huawei’s 5G kit. Foreign Ministry spokeswoman Hua Chunying added Beijing would “take measures to safeguard” the “legitimate interests” of Chinese companies.But President Trump welcomed the move. “We convinced many countries, many countries – and I did this myself for the …

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MTN Ghana Dominates Trading Activity

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The benchmark index shed 14.88 points (-0.79%) to close the week at 1,872.77 with a -17.03% year-to-date return while the market capitalization moderated by 0.03% to settle at GH¢52.84 billion. Ecobank Transnational (+16.67%) was up this week. However, downward price movements in CAL Bank (-8.45%), Standard Chartered (-3.23%), and Enterprise Group (-0.70%) edged the GSE …

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Coronavirus Pandemic could push 49 million Africans into poverty – AfDB

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The African Development Bank (AfDB) has said that 49 million Africans could be pushed into extreme poverty by the coronavirus pandemic. The AfDB said on Tuesday that West and Central Africa stand to be most hit by the economic slump. The bank projects that the economy will rebound from the pandemic slump in 2021. The …

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CEO of LMC Urges Government to Embed Digital Address in SIM cards

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The Chief Executive Officer of the Leverage Microfinance Company (LMC), Mr. Gilbert K. N. Adamtey has called on the government to consider collaborating with the various telecommunication companies in the country to infuse digital addresses of people in their sim cards. He said this will help financial institutions in their loan recovery process. According to …

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World Bank aids Ghana with $315 million

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The World Bank’s Board of Executive Directors has approved $315 million from the International Development Association (IDA) to support job creation, skills development, and digital transformation in the country. This financing includes $200 million for the Ghana Jobs and Skills Project and an additional financing of $115 million for the eTransform Ghana Project. The Jobs …

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