Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

Bringing you updates from the world of business

As expected, Inflation – which is the average change in price of goods and services – shot up by 0.4% to 11% in October 2021. This was triggered by increase in Transport inflation as a result of rising fuel prices. Indeed, it was actually the item with the highest contribution to the increase in inflation last month.

The beverage market in Ghana is worth ¢3.85 billion, of which domestic production dominates, accounting for 92% of the total market size, a survey by local research firm, Firmus Advisory has revealed. This is based on the number of bottles produced, consumed and the value of imports.

Ghana has signed a Memorandum of Understanding with the African Development Bank towards the hosting of the Group’s 2022 Annual Meetings. The agreement paves the way for the two parties to officially commence the preparations for the event.

The Registrar General’s Department has confirmed that investors of some Liquidated Fund Management Firms are expected to get a fraction of their funds placed in bonds from this month. This will represent a second tranche of payment for those who were not allowed to withdraw all their funds. According to the Registrar General, Jemima Oware, those investors whose funds were placed in bonds are those that will get 20% of their funds in November, 2021.

Bringing you updates from the world of business

The Bank of Ghana says it will continue to modernise the supportive regulatory frameworks of digital banking to enhance security and promote confidence and trust in the ecosystem. Speaking at the Standard Chartered Bank Digital Banking, Innovation and Fintech Festival, Governor Dr. Ernest Addison said it is important that regulations keep abreast with the rapid changes in the ecosystem without stifling innovation in digital financial services.