The finance ministry has released about GH¢1 billion to help with the cleanup of the microfinance and rural bank sectors. Sources say the funds were released earlier this month for the project. Background Some microfinance companies over the last two years have been hit by some financial challenges resulting in the collapse of their businesses. …
IFC, a member of the World Bank Group, is partnering with the Ghana Stock Exchange and over 70 other stock exchanges around the world to “Ring the Bell for Gender Equality”—an initiative linked with International Women’s Day that promotes increased women’s participation in the global economy to catalyze sustainable and inclusive private sector growth. Accelerating …
Vice President Dr Mahamudu Bawumia has encouraged investors in India to constructively engage their African counterparts for business development as they gear up towards taking their destinies into their own hands to assume their rightful places in the comity of nations. He said Africa was on the move towards shaking off her past failures as …
The Government has signed a 40 million euro facility with the European Union (EU) towards the promotion of investments and job creation in the country. The financing agreement is the last programme to be signed from Ghana’s indicative allocation of 323 million euros under the 11th European Development Fund and National Indicative Programme spanning between …
World Bank Africa Vice President, Hafez Ghanem will arrive in Ghana on Sunday, March 24, 2019 as part of a three-day mission to the country. Vice President, Hafez Ghanem will pay a courtesy call on His Excellency President Nana Addo Dankwa Akufo-Addo to discuss macroeconomic, fiscal and monetary policies and highlight opportunities for investing in …
GCB Bank Limited posted a significantly improved bottom line with net profit of GH¢323.13 million for the 2018 year end. This translates into growth of GH¢ 110.42 million over the GH¢212.72 million recorded in the 2017 financial year. Top line growth was appreciable despite instability in the banking industry with 2018 recording GH¢1,260 million as …
Ghana has become the first country in the West Africa sub-region to establish an electronic procurement system for the public sector. This was announced by the Vice President of the Republic, Dr Mahamudu Bawumia when he launched Ghana’s Electronic Procurement System (GHANEPS) in Accra on Tuesday. The e-procurement system is designed to address corruption in …
Over the last two decades, Ghana has enjoyed increasingly stable and deepening democratic governance. Seven successful elections have strengthened the effectiveness of key national institutions, enhanced investor confidence and anchored the economy in an environment for positive growth. Today, Ghana is not only the best place for doing business in West Africa, but the …
The Securities and Exchange Commission (SEC) has revoked the licenses of five investment companies. Customers transact business with Georgetown Capital Partners Ltd, Equity Capital Ltd, Index Analytics Ltd, DM Capital Ltd and Oxygen Advisory Ltd at their own risk, according to the regulator.SEC revoked their licenses pursuant to Section 122 of the Securities Industry Act, 2016 (Act 929). The …
Leading mobile insurance provider Bima Ghana as a way to boost insurance penetration has introduced B-life and B- health insurance policies into the market. The new policies which provide up to a cover of GH¢10,000 is targeted at improving the habit of insurance in the informal sector and among low-income earners. Speaking at the launch …