Panellists and participants in the Graphic Business -Stanbic Bank Breakfast Forum have made a strong case for the establishment of a national equity fund to pool patient and low-cost funds for small and medium enterprises (SMEs) to use in unlocking their potential into global giants. They said although SMEs were the future of entrepreneurship and …
AS part of its export development strategy, Ghana will continue to harness existing and potential opportunities to grow its export base in the non-traditional export sector (NTEs). One of such opportunities to be leveraged is the hosting of the secretariat of the Africa Continental Free Trade Area (AFCTA), and also winning the bid to host …
The United Nations Development Programme (UNDP) in collaboration with Vodafone Ghana Foundation has launched a digital financial inclusion project in the Upper East Region to boost poor rural women access to formal financial services and to increase economic production. The two-year project dubbed, “bringing informal to formal through technology”, seeks to employ technology as a …
Vice President Dr Mahamudu Bawumia on Tuesday opened the World Business Angels Investment Forum (GBAF) Office in Accra, to empower and finance start-ups, innovators and small-and-medium scale enterprises (SMEs) in the country to scale up. The Office, the first to be established in the West African Sub-region, will interact and engage with a wide range …
The African Development Bank Group has signed a $4.8 million institutional support grant to the African Union (AU) for the implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead …
The Securities and Exchange Commission is investigating money managers for locking up as much as GH¢5 billion in risky investments they’re struggling to retrieve for clients. The funds are stuck in short-term unlisted bonds, direct private-equity stakes and related-party deals for small- and medium-sized businesses, said Paul Ababio, deputy director-general at the Securities and Exchange …
new mutual fund known as the EcoCapital Prime Fund has been introduced onto the Ghanaian market to help solve some challenges encountered by investors. The EcoCapital Prime Fund is a money market mutual fund designed to help investors interested in short term investment that provided modest returns, with adequate liquidity to solve their investment problem. …
The cost of cleaning up the financial sector could cost as much as US$4 billion, which is about GH¢21 billion, Ken Ofori-Atta, Finance Minister has said. The Finance Minister speaking on the floor of Parliament today said the government had to step in to protect the integrity of the sector as well as protect …
The claim, estimated to be worth more than 1 billion pounds ($1.24 billion), was filed at the Competition Appeal Tribunal (CAT) on Monday, U.S. law firm Scott + Scott said. JP Morgan, RBS, UBS, Barclays and Citi declined to comment. Some of the world’s biggest investment banks have already paid more than a combined $11 …
Vice President Dr. Mahamudu Bawumia has told Canadian investors that Ghana has the best investment environment in Africa for both local and foreign investors. He said Ghana did not only have stable political and security environment but has a benign legal and regulatory environment that offered the best investment climate on the African Continent. The Vice …