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Ghana’s Insurance sector records 22% asset growth as investment strategies shift

Ghana’s Insurance sector records 22% asset growth as investment strategies shift

Ghana's insurance industry reported robust 22% growth in investment assets in 2023, bringing total assets to GH₵10.5 billion, up from GH₵8.6 billion in 2022, according to the Bank of Ghana’s 2023 Financial Stability Review. The

Business
PIAC Outlines Ten Recommendations to Counter Decline in Ghana’s Crude Oil Production

PIAC Outlines Ten Recommendations to Counter Decline in Ghana’s Crude Oil Production

The Public Interest and Accountability Committee (PIAC) has outlined ten recommendations to help reverse the nation’s declining crude oil production, warning that the ongoing decline in output could spell trouble for petroleum revenues and investment

Business
Stanbic Bank’s Dr. Joyce Esther Dadzie Urges SMEs To Adopt Customer-Centric Culture For Growth

Stanbic Bank’s Dr. Joyce Esther Dadzie Urges SMEs To Adopt Customer-Centric Culture For Growth

Dr. Joyce Esther Dadzie, Head, Client Experience at Stanbic Bank Ghana, has called on SMEs to adopt a customer-centric culture to drive business growth. She shared these insights in a recent discussion on X (formerly

Business
Ghana Eyes Fuel Imports From Dangote Oil Refinery

Ghana Eyes Fuel Imports From Dangote Oil Refinery

Ghana could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday. This

Business
FirstBank Ghana launches SME Fair to empower local entrepreneurs

FirstBank Ghana launches SME Fair to empower local entrepreneurs

FirstBank Ghana has launched the 2024 edition of its SME Fair at the Atomic Junction Branch, creating an exceptional platform for its Small and Medium-sized Enterprise (SME) customers to showcase their products and services. This

Business
MTN Ghana holds Executive Business Breakfast

MTN Ghana holds Executive Business Breakfast

MTN Ghana has held one of its business series, the MTN Executive Business Breakfast, at the Labadi Beach Hotel in Accra. The event, held under the theme "Bridging the Skills Gap," was aimed at strengthening

Business
Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed. In its World Economic Outlook, it also predicted an end-year inflation of 15% for the country.

Business
Stanbic Bank Champions SME Growth through Digital Technology

Stanbic Bank Champions SME Growth through Digital Technology

Head of Business Enablement at Stanbic Bank Ghana, Marian Amartey, has reaffirmed the bank’s dedication to fostering growth for small and medium-sized enterprises (SMEs) via digital technology. Speaking at the recent Stanbic X-Space event on

Business
Oil Majors Return to Libya After a Decade Away

Oil Majors Return to Libya After a Decade Away

BP and Eni have returned to Libya after ten years of avoiding the country amid its civil war. Per a statement by the National Oil Corporation of Libya, Italy’s Eni resumed exploratory drilling in the Ghadames Basin

Business
IMF Chief Commends Ghana’s Progress on Debt Restructuring

IMF Chief Commends Ghana’s Progress on Debt Restructuring

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has praised Ghana’s headway in restructuring its debt and its achievement of a Staff-Level Agreement on the third review of the ongoing US$3 billion