Finance Sector Archives - Ghana News Express

The Bank of Ghana (BoG) is developing a comprehensive framework to guide the sector, as the central bank upscales measures for the introduction of Non-Interest Banking and Finance (NIBF) in country, Professor John Gartchie Gatsi, Advisor, BoG said at the weekend.The NIBF operates in accordance with Islamic law (shariah) which prohibits excessive uncertainty and investments in industries like alcohol, gambling, and pork-related businesses.Prof Gatsi said the BoG was undertaking extensive engagements with stakeholders, including academic institutions, including the Securities Exchange Commission and other professional bodies, and to shape the formulation of the framework.Additionally, the central bank had also held engagements with Nigeria banks and capital market players, saying “our target...

Finance representatives make up the most powerful lobby in the German parliament, with banks, insurance companies and fund management firms spending millions to influence legislation, a new analysis published on Friday suggests. No other industry among the 100 most financially powerful lobby groups is as strongly represented as the finance sector, according to an assessment by the Finanzwende (Finance Turnaround) association based on the public parliamentary lobby register. Ten of the 100 financial heavyweights in the register are banks, insurance companies and investment firms who spend a total of almost €40 million ($41.1 million) annually on lobbying and employ 442 listed lobbyists, it said. The automotive industry, meanwhile, which traditionally has a strong footing ...

Tag: Finance Sector

BoG develops comprehensive framework to guide Non-Interest Banking, Finance sector-Prof Gartchie

Finance sector found to be strongest lobby group in parliament