Business – Page 14

Category: Business

Ghana Misses Inflation Target, IMF Talks Loom

January 28, 2025

Ghana’s inflation rate for December 2024 stood at 23.8%, exceeding the government’s 15% target and the Bank of Ghana’s revised target of 18%. This development has prompted fresh discussions with the International Monetary Fund (IMF) regarding policy adjustments.According to Bank of Ghana Governor, Dr. Ernest Addison, the 23.8% inflation rate has reached a critical threshold...

Ghana’s Booming Betting Industry: A Potential Game-Changer for Sports

January 28, 2025

DevelopmentGhana’s sports betting industry is experiencing unprecedented growth, with projected revenues expected to reach US$32.99 million by 2025. This burgeoning sector presents a unique opportunity for the country to tap into a new revenue stream and channel it into sports development.According to industry experts, the key to harnessing this potential lies in creating a structured...

Prioritise customer service-Insurance companies told

January 28, 2025

Some winners with organisers after the event

Stakeholders gear up for 2nd Blue Economy Conference, February 19-21

January 28, 2025

Caption: Some of the dignitaries set to participate in the conference

Global Services Trade Sees Strong Growth in 2023. Driven by Digital Services

January 27, 2025

According to the report global services trade experienced a significant increase in 2023, driven by the rapid growth of digital services. The data showed that global services exports increased by 8.3% in 2023, reaching $7.9 trillion. International travel receipts increased by 34%, reaching over $1.5 trillion, while transport exports suffered an 11% decline. Developing economies...

Visa Puts Stake in Moniepoint to Drive Financial Access Across Africa.

January 26, 2025

Visa Invests in Moniepoint to Propel Financial Inclusion Across Africa Moniepoint Inc., a prominent business payments and banking services platform in Nigeria, has secured a significant investment from Visa, the global leader in digital payments. This partnership underscores Visa’s commitment to promoting financial inclusion and enhancing the digital payment ecosystem, particularly for small and medium-sized...

A critical Monetary Policy Committee (MPC) meeting takes off today, with policy rate as focus.

January 25, 2025

The Monetary Policy Committee (MPC) of the Bank of Ghana is meeting today to discuss the country’s economic conditions and determine the best monetary policy stance. With inflation at 23.8% and the policy rate at 27%, the committee has a tough decision to make.The current economic conditions are not favorable, with rising food prices, increasing...