Charles Kie, formerly of Ecobank, and co-founder Paulo Gomes, formerly of the World Bank, earlier this month announced their launch of pan-African investment platform NACP. Its aim is to help grow small and medium-sized enterprises across Africa, as well as larger financial institutions, with funding sourced largely from investors based on the continent. NACP’s first …
GCB Bank has for the second time been adjudged the Most Compliant Focused Bank in Africa at the just ended Africa Compliance Professional awards (ACCPA) in Luanda, Angola. The award was organized by the Association of Certified Compliance Professionals in Africa (ACCPA). The awards climax a two day conference for Compliance Professionals in Africa under …
The Africa Export and Import Bank (Afreximbank) has begun its Anglophone roadshow from Ghana with an interest in creating a partnership to finance the government’s industrialization program. The bank believes the government’s vision to transform the economy through internal trading can be funded through partnerships. According to the Africa Export Import, EXIM Bank, the economies …
Ghana Reinsurance company ltd has announced it will be topping up its capital base with GH₵15 million bringing it to a total of GH₵100 million. This is ahead of an anticipated announcement in of a new capital requirement for insurance companies by the regulator, the National Insurance Commission. The Board Chairman of Ghana Reinsurance, George Otoo, …
With the first UK-Ghana Investment Summit held in Accra, the UK launches a new chapter in its longstanding and wide-ranging partnership with Ghana. The UK organised three days of activities to celebrate the strength of the UK-Ghana relationship, to launch a deeper and more strategic economic development partnership, and to take forward over £1 billion …
The Embassy of France in Accra has extended an invitation to Ghanaian companies to take part in a Business Forum, dubbed “Ambition Africa 2018,” slated for October 22 and 23 in Paris. A statement issued by the French Embassy in Accra and copied to the Ghana News Agency on Tuesday said the “Ambition Africa 2018” …
The World Bank has approved a $30 million International Development Association (IDA) credit to support government to strengthen its financial sector stability. The credit is also to help improve inclusiveness for users of formal financial services and the financially excluded, particularly women, rural communities and farmers. “This project will support government’s plan to undertake reforms to deepen financial …
After entering into a year-long partnership in July, not-for-profit organization Invest in Africa and GCB Bank have held a forum on financing options for Small and Medium-scale Enterprises (SMEs). Access to finance is a major challenge faced by small and medium-scale enterprises in Ghana, primarily because lenders are skeptical about the …
Rebased economic figures released by the Ghana Statistics Service (GSS) indicate that the country’s economy expanded by 24.6 per cent in 2017. This means that Ghana’s economy increased to GH¢256 billion from GH¢205.9 billion recorded earlier. The rebasing involves replacing the old base year (i.e. 2006) used for computing the …
Vodafone wants to entrench its reputation as the digital telco of the future by empowering SMEs this September. The telecommunications company has dedicated this month to helping SMEs to be digitally trans formative in the way they operate across all levels. SMEs play a very crucial role in Ghana’s economy, demonstrating the capacity to contribute …