Business24 Newspaper 5th November, 2021

Page 1

1

FRIDAY NOVEMBER 5, 2021

BUSINESS24.COM.GH

Friday November 5, 2021

NO. B24 / 270 | News for Business Leaders

President commends FBNBank for contribution to economy

TransNumerik pushes Ghanaian businesses towards digitalisation

See page 8

See page 18

Call for regulated pricing regime for cashew By Eugene Davis

S

ugendavis@gmail.com

enior Manager for Commercial & Retail Banking of Republic Bank Ghana, Dan Mohenu, has offered some explanations for the high interest rates on mortgages and suggested ways to make mortgages more affordable. He gave his explanation when he spoke as a panel member at the Business24 Real Estate Conference in Accra. “Mortgage loans are usually long-term in nature; however, banks tend to finance these loans using

T

he Member of Parliament for Techiman North, Elizabeth Ofosu Adjare, has called on the Tree Crops Development Authority to ensure a coordinated, regulated pricing regime for the cashew sector. The cashew industry in Ghana has seen tremendous expansion over the last 10 years. In 2019, the country exported 394,452 tons of raw cashew nuts valued at US$237.89m. Presenting a statement in Parliament on “Cashew production: the enactment of the Cont’d on page 2

Banker explains how mortgage interest rates can be reduced

Cont’d on page 3

The cashew industry in Ghana has seen tremendous expansion over the last 10 years

Be mindful of financial digitisation risks—BoG Gov. tells market players By Emmanuel Kwarteng

G

Banks expected to procure CIT vehicles by end of year—Interior Minister By Eugene Davis

overnor of the Bank of Ghana (BoG) Dr. Ernest Addison has cautioned financial institutions and market players to be mindful of risks associated with financial digitisation, as they have the potential to unwind the gains made in the financial digitisation

ugendavis@gmail.com

T

he Minister of Interior, Ambrose Dery, has said he expects the central bank and commercial banks to procure light armoured Cont’d on page 5

Cont’d on page 3

Cont’d on page 2 Cont’d on page 2


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.