Africa’s VC landscape is becoming more African with an increasing number of investment funds headquartered on the continent and run by locals, according to data from Crunchbase. The study also tracked the emergence of homegrown corporate venture arms and more Africans in top positions at outside funds. These results derived from a year-long project to …
The central bank is expected to take action on insolvent Savings and Loans (S&Ls) companies and finance houses in the coming weeks; an exercise that will require about GH¢2billion to secure the funds of depositors. There are currently 37 S&L companies and 23 finance houses operating in the country. While some remain very strong, there …
Founder of the Urban Entrepreneur Centers of America, Darrel Frater has stated that one of the ways an entrepreneur can become successful is to form a business relationship. According to him, business networking builds a relationship with potential customers and other entrepreneurs for business growth. Darrel Frater was speaking at the maiden edition of the …
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 …
Mobile telecommunications giant, MTN Ghana on Friday, trained some judges in the country on the schemes carried out by fraudsters to manipulate mobile money transactions and defraud innocent Ghanaians. The workshop was organized by MTN Ghana in collaboration with e-Crime bureau to enlighten the judiciary with enough information and also show them the various means …
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 …
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 …
The Ministry of Food and Agriculture has initiated a discussion with the management of Alibaba Group Holding Ltd for the possibility of promoting the sale of Ghanaian cocoa products on the Chinese market using the e-platform of Alibaba Group. Cocoa products When firmed up, the company will open its doors to the various range of …
The Ghana Association of Savings and Loans Companies (GHASALC) has urged the public to disregard media publications and rumours suggesting that the savings and loans sector is collapsing. This follows recent reports of panic withdrawals from some major savings and loans companies over the last three months with the recent being the alleged collapse of …
The implementation of the one-district, one-factory project has commenced in four Metropolitan, Municipal and District Assemblies (MMDAs) in the Central Region. The factories, which are at various stages of completion, include a potato processing factory in the Gomoa West District, a block moulding factory in the Awutu Senya West District, a pineapple processing factory in …