President John Dramani Mahama has officially named Matilda Asante-Asiedu as the Second Deputy Governor of the Bank of Ghana (BoG). This significant appointment was detailed in a letter released on Monday, April 28, and signed by Felix Kwakye Ofosu, who serves as both the Spokesperson to the President and the Minister for Government Communications. The decision aligns with Section 17 of the Bank of Ghana Act, 2002 (Act 612). Matilda Asante-Asiedu comes...
Aliko Dangote, the esteemed President and Chief Executive of the Dangote Group, has expressed his gratitude upon being appointed to the World Bank’s Private Sector Investment Lab. This prominent body is focused on stimulating investment and job growth in developing economies. In his acceptance statement, Dangote emphasized his dedication to facilitating sustainable economic progress through private sector-led initiatives. He highlighted the transformative potential these could have in developing markets. “I am deeply...
Ghana’s Minister of Finance, Dr. Cassiel Ato Forson, heads the country’s delegation to the 2025 International Monetary Fund (IMF) and World Bank Spring Meetings. This event marks the first major international economic engagement for President John Mahama’s administration. This crucial meeting follows Ghana’s recent staff-level agreement with the IMF on the fourth review of its $3 billion Extended Credit Facility (ECF) program. The agreement is expected to bring in $370 million to...
Ghana’s Minister for Finance, Dr Cassiel Ato Forson, has been elected Chairman of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID), placing Ghana in a leading role within one of West Africa’s main financial institutions. The announcement was made during the 23rd Annual General Meeting of the Board of Governors of EBID, held in Banjul, The Gambia, on Monday, April 14 2025. Although Dr Forson was not...
Ghana’s Minister for Finance, Dr Cassiel Ato Forson, has been elected Chairman of the Board of Governors of the ECOWAS Bank for Investment and Development (EBID). The announcement was made during the 23rd Annual General Meeting of the Board of Governors, held in Banjul, Gambia.Though Dr. Forson could not attend the meeting in person, his message of appreciation and vision was delivered with conviction by Deputy Minister for Finance, Thomas Nyarko Ampem....
Bitcoin’s potential breakout past the 200-day moving average (MA) could set it on a path towards reaching a significant market top, according to analyst Ali Martinez. In a recent analysis on X, Martinez highlighted the Mayer Multiple—an indicator that compares Bitcoin’s current price to its 200-day MA. This metric helps gauge whether Bitcoin is overbought or oversold. Understanding the Mayer Multiple The 200-day MA acts as a critical boundary between Bitcoin’s bullish...
Standard Chartered Bank, the Ghana Export Promotion Authority (GEPA), and Ghana Water Limited (GWL) were among the standout institutions honoured at the 2025 CFO and Public Finance Awards, held on April 4th at the prestigious Labadi Beach Hotel in Accra. The award event celebrated excellence in financial leadership and institutional impact, bringing together distinguished organizations and professionals from across the region. It was an evening dedicated to recognizing those who have made...
Ghana’s Deputy Finance Minister, Thomas Ampem Nyarko, has announced that the controversial Electronic Levy (E-Levy) will officially be removed by the end of March 2025, pending the approval of the 2025 budget and appropriation bill by Parliament. Speaking during the OXFAM Tax Dialogue on Channel One TV on March 18, 2025, Nyarko clarified that once the budget process is completed, the E-Levy removal will take immediate effect. “It will take effect the...
Ghanaians across the country are rushing to Mobile Money Vendors to cash out their deposits before the 1.7% Electronic Transaction Levy (e-levy) takes effect. The National Public Relations Officer for Mobile Money Agents Association, Mr Charles Adu who disclosed this in an exclusive interview with this reporter said their members across the country have recorded astronomical withdrawals a day after the announcement was made. According to him, most customers are attributing their...
There are several reasons why the American megabanks — survivors of the last crisis in 2008 — were the main beneficiaries of the deposits bonanza. When states began instituting shutdowns in March, corporations including Boeing and Ford immediately drew tens of billions of dollars from lines of credit, and that money was initially parked at the banks making those loans. Big banks also serviced a large chunk of customers in the Pay check Protection Program,...
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