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Prudential Bank MD advocates relationship-centred banking in future of financial services
The Acting Managing Director of Prudential Bank Ltd, Ebow Quayson, has emphasised the need for banks to adopt a relationship-centred approach as the financial services sector continues to evolve. Speaking as a panelist at the latest global webinar of the Lafferty Retail Banking Council, Mr Quayson said the era where ba...
EBID unveils multi-billion dollar West Africa investment push, adopts 2026–2030 GRO strategy
The ECOWAS Bank for Investment and Development (EBID) has signaled a stepped-up investment drive across West Africa, committing to deploy fresh capital into priority sectors over the next five years as it seeks to strengthen regional integration and economic resilience. The announcement came at the lender’s 24th Annual...
EBID board unveils ambitious investment drive and new GRO strategy to transform West Africa
The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has announced an aggressive new investment agenda for West Africa, alongside the unveiling of its 2026–2030 Growth, Resilience and Optimisation (GRO) Strategy, at the close of its 24th Annual General Meeting (AGM) in Accra.
Publican AI system: Truedare lacks capacity; doesn’t have up to 10 computers – TAGG
The General Secretary of the Traders Advocacy Group Ghana (TAGG), Nana Poku, has raised concerns over the technical capacity of Truedare Investment Limited, the firm powering the Publican AI system at Ghana’s ports, claiming it is not an IT-based company. Speaking in an interview on Adom FM’s Dwaso Nsem, Nana Poku alle...
Importers and Exporters Association declares full support for Publican AI port system
The Importers and Exporters Association of Ghana (IEAG) has reaffirmed its support for the Publican Artificial Intelligence (AI) system being implemented at Ghana’s ports, rejecting claims that it remains opposed to the policy. In a press statement, the Association said attempts by some individuals and groups to portra...
Oyster Agribusiness goes digital with IT solution from Andurar
Tech firm, Andurar, has offered solid IT solutions to Oyster Agribusiness Limited, leading to improved efficiency and cost-cutting measures for the company. The agribusiness firm had previously heavily relied on manual systems for most parts of its operation, thereby causing challenges such as inventory scattered acros...
Large accounting losses, but is the Bank of Ghana truly policy solvent?
However, I disagree with the Bank of Ghana’s specific attempt to demonstrate policy solvency using its 2025 calculations. The Bank’s reported positive policy solvency position depended heavily on realized gains from gold reserve sales. Once these one-time gains are excluded, the Bank’s own accounting framework shows th...
Bank of Ghana in 2025: Financially impaired but operationally resilient
The Bank of Ghana’s 2025 financial statements present a striking paradox; one that would appear alarming in any conventional financial institution but is, in the context of central banking, more nuanced. The Bank of Ghana has reported deepening losses and a sharply negative equity position yet continues to function wit...
Ghana’s tax gap: New levies loom in mid-year budget
Ghana’s macroeconomic story in 2025 was, by many measures, a success. Inflation collapsed from 23.8% to 3.8%, the cedi appreciated by 40.7% against the dollar, and the economy grew by 6.0%, its strongest performance in six years. Yet beneath these headline achievements, the Bank of Ghana’s May 2026 Summary of Economic...
Nhyiaeso MP defends erstwhile Akufo-Addo gov’t IMF bailout decision
Former Deputy Finance Minister and Nhyiaeso MP, Stephen Amoah, has defended the decision by the previous Nana Akufo-Addo administration to seek support from the International Monetary Fund (IMF), attributing the move largely to the economic impact of the COVID-19 pandemic and the Russia-Ukraine war. His comments come a...
EBID records strong financial growth amid global economic uncertainty – Ato Forson
Minister for Finance, Dr Cassiel Ato Forson, has announced that the ECOWAS Bank for Investment and Development (EBID) delivered a strong financial performance in 2025 despite a challenging global economic environment.
Nigeria fuel marketers push back on Dangote lawsuit over import licences
Fuel marketers in Nigeria have pushed back against a lawsuit by Dangote Petroleum Refinery seeking to invalidate import licences, warning that the move could disrupt supply and competition in Africa’s largest oil market. Dangote last week filed a fresh suit against the Nigerian government, Reuters reported, challenging...