Ghana
Ghana’s Mounting Debt Crisis Threatens Future Financial Stability
In a candid address to the nation on October 30, 2022, President Nana Akufo-Addo acknowledged the gravity of the situation: “We are in ...
News
Nigeria: Telecom Companies Consider Variable Tariffs for Calls and Data Across States
Nigerians may soon encounter varying prices for telecommunication services such as calls, data, and SMS depending on the state they reside in, as ...
Global
Global: BIS and Central Banks Successfully Test Cross-Border Trading of CBDCs
The Bank for International Settlements (BIS) and three central banks have concluded a significant central bank digital currency (CBDC) project. Known as “Project ...
Global
Global: BIS Leverages DeFi Principles in Successful Cross-Border wCBDC Experiments
In a collaborative effort, the Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have achieved successful tests ...
Global
Global: ChatGPT’s Internet Browsing Capability Expands Beyond 2021 Information
Artificial intelligence firm OpenAI has announced a significant update to ChatGPT, allowing it to browse the internet and incorporate up-to-date information into its ...
News
South African Fintech Revio Raises $5.2 Million to Enhance Business Payment Success
In Africa, digital payments account for less than 10% of all transactions, presenting a significant opportunity for financial institutions on the continent. McKinsey ...
Ghana
Ghana’s National Identification Authority Claims Government Owes $80 Million for ID Card Production
The Executive Secretary of Ghana’s National Identification Authority (NIA), Prof Kenneth Agyemang Attafuah, has emphasized that the government owes the ID-issuing agency nearly ...
Global
Global: MoneyGram to Introduce Noncustodial Crypto Wallets by Q1 2024
MoneyGram, a prominent payment processing company, is preparing to launch its very own noncustodial cryptocurrency wallet, as unveiled by the company’s CEO, Alex ...
Ghana
Ghana: Bank of Ghana Boosts Reserves with $700 Million in Gold Purchases
The Bank of Ghana has bolstered its reserves by acquiring approximately $700 million worth of gold through its ‘Gold Purchasing Programme.’ Dr. Ernest ...
Ghana
Ghana Reports Trade Surplus of $2 Billion in First 8 Months of 2023, Despite Export Dip
Data released by the Bank of Ghana reveals a 9% decline in Ghana’s export earnings as of August 2023. Total exports during this ...
