In recent months, the Ghanaian government has experienced strong demand for its Treasury bills (T-bills), consistently surpassing issuance targets. For instance, in October 2024, the government mobilized GHS 4.6 billion through T-bill issuance, slightly exceeding the target of GHS 4.5 billion—a marginal oversubscription of 1.07%. This marked a rebound after three consecutive weeks of missing targets. Investor interest was particularly strong in the 91-day bills, with GHS 3.8 billion tendered. Yields during this period averaged between 25% and 28%, with the 91-day bill yield increasing to 25.62%. Similarly, in June 2024, the government secured GHS 5.3 billion from T-bill auctions,…
Author: Daniel Sterling
Fidelity Bank Ghana recently celebrated the 10th anniversary of its financial inclusion initiatives by honoring outstanding agents within its extensive agency banking network. The event, held at Wesley Towers in Accra, recognized agents’ pivotal roles in expanding banking services to unbanked and underbanked populations across the country. Since launching its agency banking model in 2013 with just 24 agents, Fidelity Bank has expanded its network to over 9,000 agents nationwide. This growth has significantly contributed to reducing Ghana’s unbanked adult population from 70% in 2011 to 38% today. In October 2024 alone, the bank’s agents facilitated over GH¢2 billion in…
MTN has unveiled its latest innovation: an affordable 5G smartphone designed to bring high-speed internet connectivity to a broader audience. The device promises cutting-edge technology at a competitive price, aiming to bridge the digital divide and make 5G accessible to more consumers. With robust performance and advanced features, MTN’s initiative is set to revolutionize the telecommunications market and empower users with faster and more reliable connections.
The UK has announced the establishment of a groundbreaking Policing Technology Center, designed to enhance law enforcement capabilities through cutting-edge innovation. The center will focus on integrating artificial intelligence, data analytics, and advanced surveillance tools to improve public safety and streamline police operations. Officials emphasize the initiative’s goal of fostering transparency and efficiency while addressing ethical concerns surrounding the use of technology in policing. This development marks a significant step in modernizing the nation’s approach to law enforcement.
Apple has unveiled its latest lineup of iPhones, integrating cutting-edge AI capabilities to redefine user experience. The new models boast advanced features such as real-time language translation, personalized app suggestions, and enhanced photo editing powered by artificial intelligence. Industry experts predict these innovations will set a new standard in the smartphone market, further solidifying Apple’s position as a leader in technological advancements. Stay tuned as the tech giant continues to push the boundaries of mobile innovation.
Google has introduced Gemini 2.0, an advanced AI system capable of interpreting images, performing tasks, and enhancing search functionalities. This development aims to compete with similar offerings from OpenAI and Microsoft.
A decade after a devastating Ebola outbreak, Sierra Leone has launched a nationwide Ebola vaccination campaign targeting 20,000 frontline workers. This initiative, the first of its kind in West Africa, seeks to bolster preparedness against potential future outbreaks.
The Democratic Republic of the Congo is set to receive three million doses of Japan’s mpox vaccine for children starting next week. This effort addresses the lack of vaccines for children, who are particularly susceptible to mpox. Health workers will receive training on vaccine administration to ensure effective deployment.
Nigeria, bearing the world’s highest malaria burden, has initiated the distribution of the Oxford University-developed malaria vaccine to young children. This campaign aims to significantly reduce severe malaria cases and fatalities among children under five, who are most vulnerable to the disease.
Actor Jamie Foxx experienced a medical emergency on April 11, 2023, later revealed to be a brain bleed leading to a stroke. After an extended hospital stay and multiple tests, Foxx broke his silence on social media on May 3, expressing gratitude for the support he received. By June and July, he was seen in various public outings, indicating significant recovery. In his Netflix comedy special, he disclosed the severity of his health crisis, detailing his challenging recovery from the stroke.