In preference for handsome profits to long-term economic gains, commercial banks have long colluded among themselves to take advantage of loose regulation and persistent macroeconomic imbalances in the economy to fix killer interest rates that impede the growth of businesses and the economy at large, a research fellow at the Institute of Statistical, Social and Economic Research (ISSER) has said.
The Data Processing Commission of Ghana (DPCG) has advised the general public not to give out their personal information to data registration and processing companies that are not registered with the commission.
The country’s insurance industry is pushing for the concretisation of some provisions in insurance laws for companies to take a compulsory insurance cover for employees who die on the job or become unable to work due to critical illnesses or permanent disability resulting from accidents to receive compensation.
The newly appointed Country Manager of Microsoft in Ghana, Mr Derek Appiah, says the company will focus on developing employable skills among the youth in the country in light of high unemployment levels.
The decision by the Bank of Ghana and the Ghana stock exchange to merge their respective depositories into the existing Central Securities Depository Ghana Limited (CSD) last year has started yielding results, following a significant growth in the depository's operating income and total assets in the first year of operation.
The United States Agency for International Development (USAID) has developed an investment mapping software for the northern part of Ghana to help players in the agricultural value chain to gather the required information and minimise risk in their businesses.
Otumfuo Osei Tutu II, the Asantehene, has asked commercial banks in the country to develop strategies to unravel the mystery surrounding the decision of some Ghanaians to keep huge sums of their cash with them irrespective of the dangers involved.
DHL Ghana Limited has reduced prices for its freight services on the Ghana-United Kingdom (UK) trade link by about 120 per cent to make it possible for small and medium enterprises (SMEs) to also afford the company’s international courier services.