Saturday, June 13

Business

Bank of Ghana Governor Outlines 2026 Priorities After High-Level Meeting with Financial Sector Leaders
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Bank of Ghana Governor Outlines 2026 Priorities After High-Level Meeting with Financial Sector Leaders

The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has reaffirmed the central bank’s commitment to deepening financial stability and supporting long-term economic competitiveness, following a high-level engagement with leaders of Ghana’s banking and financial sector. Speaking after the meeting, Dr Asiama noted that 2025 had been a year of deliberate reform, marked by efforts to restore discipline, strengthen resilience, and rebuild confidence across the financial system. He explained that the engagement provided an opportunity to take stock of progress made and to reflect on how renewed stability can now be responsibly deployed to support financial intermediation, export growth, and sustainable competitiveness. The Governor recalled that when the current administration assu...
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UBA Strengthens Leadership Team, Announces Key Executive Board Appointments and Retirements Effective January 1, 2026
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UBA Strengthens Leadership Team, Announces Key Executive Board Appointments and Retirements Effective January 1, 2026

United Bank for Africa Plc (UBA) has announced significant changes to its Executive Board, following the completion of tenure by four long-serving Executive Directors. The retirements, which take effect on January 1, 2026, include Deputy Managing Director Mr. Muyiwa Akinyemi, and Executive Directors Mrs. Abiola Bawuah, Mr. Alex Alozie, and Mrs. Sola Yomi-Ajayi. In line with UBA’s robust succession and leadership development strategy, the Board has approved the appointment of three new Executive Directors—Mr. Emmanuel Lamptey, Mr. Tosin Adewuyi and Mr. Chidi Okpala—effective January 1, 2026, subject to regulatory approval by the Central Bank of Nigeria (CBN). Executive Appointments:Mr. Emmanuel Lamptey – Executive Director, Digital Banking:Mr. Lamptey brings 25 years of multinatio...
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Governor of Bank of Ghana Meets Commercial Bank CEOs, Highlights Economic Recovery
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Governor of Bank of Ghana Meets Commercial Bank CEOs, Highlights Economic Recovery

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, on Tuesday evening held his final Post–Monetary Policy Committee (MPC) engagement of the year with Chief Executive Officers of Ghana’s commercial banks, reaffirming government and central bank commitment to sustained macroeconomic stability. Addressing the meeting, Dr. Asiama noted that Ghana’s economy has shown clear signs of recovery after a challenging period, attributing the progress to discipline, strong coordination, and shared efforts between the central bank, government, and the financial sector. According to the Governor, inflation is easing and market confidence is gradually returning, developments which have informed the MPC’s decision to set the policy rate at 18 percent. He explained that the current rate refl...
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Absa Bank Ghana Partners with Visa to Launch Absa Pay, a First-of-its-Kind Tap-to-Pay Wallet
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Absa Bank Ghana Partners with Visa to Launch Absa Pay, a First-of-its-Kind Tap-to-Pay Wallet

Absa Bank Ghana, in partnership with Visa, has launched Absa Pay, a first-of-its-kind issuer wallet designed to provide fast, secure and convenient contactless payments for customers across Ghana. The launch reinforces the shared commitment of Absa Bank and Visa to advancing digital transformation, supporting financial inclusion, and delivering seamless everyday payment experiences for consumers and businesses. Absa Pay is fully integrated into the Absa Mobile Banking App and allows customers to simply tap their mobile phones at any NFC-enabled terminal to make payments, eliminating the need for cash or physical cards. With Ghana’s growing youth population and strong appetite for digital services, Absa Pay provides a modern, intuitive solution that fits into the daily lives of urban, te...
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Veep Engages ABSA Ghana on Inclusivity, SME Growth and Women in Agribusiness
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Veep Engages ABSA Ghana on Inclusivity, SME Growth and Women in Agribusiness

Vice President Jane Naana Opoku-Agyemang has held a strategic meeting with a delegation from ABSA Bank Ghana to discuss the bank’s renewed commitment to inclusivity, SME development, agribusiness, and support for women-led enterprises. Welcoming the ABSA team, the Vice President commended the bank for its deliberate focus on empowering women, particularly within the agribusiness value chain. She highlighted the critical role of women in agro-processing — including those producing oils and other essential products in local communities — and encouraged the bank to expand targeted support to help them modernize their operations. According to her, strengthening financial and technical assistance for these women will not only enhance productivity but also promote dignity and confidence in...
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Strengthening Trust in the Digital Age: UBA Fraud Awareness Week 2025
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Strengthening Trust in the Digital Age: UBA Fraud Awareness Week 2025

By Adebola Ajimotokan, Country Chief Inspector, UBA Ghana As we mark UBA Fraud Awareness Week 2025, we renew our commitment to protecting our customers, our bank, and the trust that holds our financial system together. This annual campaign, one of the strongest anti-fraud efforts in the industry, reminds us that security is not a one-time action. It is a responsibility we all share every day. This year’s theme, “Combating Fraud Risk and Cyber Theft in Digital Banking,” reflects the world we live in today. Digital technology has changed how we work, bank, and communicate. On the other hand, it has also created new opportunities for fraudsters. From phishing and identity theft to advanced cyberattacks powered by artificial intelligence, the risks are growing quickly. Fraud now ap...
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African Forum demands colonial powers pay debt to working women
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African Forum demands colonial powers pay debt to working women

A high-stakes session on economic justice has concluded with African delegates issuing an uncompromising demand for former colonial powers to pay reparations for centuries of exploitation that continue to trap working women at the bottom of a ‘rigged’ global economic system. The discussions, held during a regional forum on Economic Justice and Alternatives to the Global Economic Order, brought together labour activists, economists, and political organisers who linked the daily struggles of Africa’s working women directly to historical crimes that remained unpaid and unacknowledged. Participants reached a unanimous conclusion that real development across the African continent could not proceed without substantial reparations from England, Belgium, France, the United States, Germany, a...
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Standard Bank Group Officially Launches Its Representative Office in Egypt
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Standard Bank Group Officially Launches Its Representative Office in Egypt

Standard Bank Group, the parent company of Stanbic Bank Ghana and Africa’s largest financial institution by assets, has announced the official launch of its Representative Office in Egypt during an event held at the Pyramids of Giza in Cairo.   The Group’s Representative Office will strengthen trade and investment flows between Egypt, Sub-Saharan Africa, and the Middle East, recognising Egypt’s role as a vital gateway in Africa's north-south trade corridor. Sim Tshabalala, Chief Executive of Standard Bank Group, said: “This expansion reflects Standard Bank’s belief in Egypt’s growing role as an investment and logistics hub, aligned with the country’s Vision 2030 and Africa’s broader development agenda. Our new Representative Office will act as a vital conduit ...
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Parliament approves $10.46m tax waiver for Tata Consultancy Services 
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Parliament approves $10.46m tax waiver for Tata Consultancy Services 

Parliament on Tuesday adopted a report granting a waiver of US$10.46 million, representing 20 per cent withholding tax, for Tata Consultancy Services Limited in respect of a software application agreement.    The tax exemption, signed between the Ghana Revenue Authority (GRA) and Tata Consultancy Services, was re-negotiated by the government to secure savings of US$9 million for the country, according to the Minister of Finance, Dr Cassiel Ato Forson.    The report was laid before the plenary by Mr Isaac Adongo, a member of the Finance Committee of Parliament.    Debate on the adoption of the tax exemption saw sharp divisions, with the Minority Caucus, led by Mr Frank Annor-Dompreh, Minority Chief Whip, opposing the waiver. &n...
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Parliament adopts report for review of Petroleum Revenue Management Act 
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Parliament adopts report for review of Petroleum Revenue Management Act 

Parliament on Tuesday, adopted a report for the review of the Petroleum Revenue Management Act, Act 815 to allow government to invest Ghana's petroleum revenues in areas that deliver maximum earnings.  This follows a report laid at the plenary by Mr Eric Afful, Chairman of Parliament’s Economy and Development Committee, calling on Parliament to adopt the Committee's report to review the Petroleum Act to maximize earnings and returns on petroleum revenues for investment purposes.    The proposal for review of the Act was made by Finance Minister, Dr. Cassiel Ato Forson, on November 13, immediately after presenting the 2026 Budget Statement to Parliament.    Mr. Afful explained that the review is expected to enhan...
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