The Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi, has challenged banks to design financial products that are suited to the peculiar needs of women entrepreneurs to fully harness their contribution to the creation of jobs and wealth for national growth. “Despite their immense contribution to job and wealth creation, women entrepreneurs …
The Secretariat of the African Continental Free Trade Area (AfCFTA) has said it is working on a cross-border trade platform to enhance market access and trade connectivity for Small and Medium-sized Enterprises (SMEs) across the continent. The digital platform, it said, will enable SMEs to expand their reach and explore growth opportunities in the AfCFTA, …
ARB Apex Bank, the umbrella body of the 144 rural and community and community banks (RCB’s) in the country, has challenged its members to reposition following the Covid-19 disruptions and endeavour to put in the right structures to ensure their sustainability. Addressing the 24th annual general meeting (AGM) of the Odwen Anoma Rural Bank at …
It is increasingly recognised that we live in a VUCA World, characterised by Volatility, Uncertainty, Complexity and Ambiguity. The Covid-19 pandemic has shown how quickly major economic disruption can occur. Leading economies suddenly see numerous businesses facing bankruptcy. The dislocation, coupled with the impact of new technology, will accelerate the pace of change. To prepare …
MTN Group has been named the most valuable African brand with a value of US$3.3 billion. Brand value is the net economic benefit that a brand owner would achieve by licensing the brand in the open market. According to a survey conducted by Brand Finance Africa in 2020, it based MTN Groups ranking on its …
The Bank of Ghana has been presented with the prestigious Central Bank of the Year Award by the Central Banking Awards Committee. The award follows the bank’s successful implementation of monetary policy and impressive achievement in reforming the banking sector in Ghana. The usual awards dinner which was slated for March 2020, in Brussels, Belgium …
About GH¢10.8 million will be disbursed to the accounts of 340 customers of liquidated Fund Management Companies by close of Monday, October 12, 2020. Mr Kofi El-Awuku, the Managing Director of GCB Capital Limited, the implementer of the Government bailout package, told the Ghana News Agency that the process for another batch of payment to …
SEC issues new guidelines for market operators; Custody, Fund Managers need GHS50m, GHS2m to operate
The Securities and Exchange Commission (SEC) has issued new operating guidelines and a corporate governance code that will regulate the capital market and enhance confidence in the sector. The new directive is in accordance with Section 209 of the Securities Industry Act 2016, (Act 929). The guidelines include licensing requirements for market operators, regulatory sandbox …
The European Union (EU) has said that although it has blacklisted Ghana, there is no evidence of money laundering on any official of the Akufo-Addo-led government. According to the Head of Delegation of the EU to Ghana, Ambassador Diana Acconcia, Ghana ended up on the list because it failed to comply with checks that could …
Absa Bank Ghana has partnered the Ghana Girl Guides Association (GGGA) to empower young women on how to make sound financial decisions. The GGGA “Be Inspired” weekly sessions which has become the perfect platform to engage members of the Association, was designed to support members with relevant insights on developmental and economic issues in these …