The Bank of Ghana has began advanced work towards the establishment of the National Development Bank. The Central Bank is therefore inviting bids to develop directives and prudential guidelines among others for the development of Finance Institutions
Businesses and consumers will soon be compelled to sign unto new insurance products as the Insurance Commission will henceforth introduce a basket of new compulsory insurance products. This follows the passage of the 2020 Insurance Bill which has finally obtained the Presidential assent.
The 6-year cedi bond has been over subscribed by over 258%, signalling a rise in investor confidence in the economy, following the successful elections in December 2020.
Ghanaian exporting firms have been relieved of cross-border trading challenges, export duties and tariffs due to the African Continental Free Trade Agreement which took effect last week.