Bankingly accelerates its growth with the culmination of a successful investment round for a total of US$11 million. The round was led by Dalus Capital, and accompanied by IDB Lab, IDC Ventures, Athos Group, Kube Ventures, Grupo Finacess, iThink VC, Sonen Capital and Oikocredit. The new investors join existing...
The Governor of the Bank of Ghana, Dr. Ernest Addison, has firmly asserted the banks conviction that payments systems will be key to the success of the African Continental Free Trade Area (AfCTA).
Speaking on the final day of the Ghana Academy of Arts and Sciences (GAAS) 2022 Public Forum,...
The recently-launched Development Bank Ghana (DBG) will prove the most critical vehicle for mobilising diaspora-generated funds and remittances, which will be maximised to transform the local economy, acting Director of the Financial Sector Division at the Ministry of Finance, Sampson Akligoh, has said.
He argues that unique features of the...
Cashless payments and digital banking are not new subjects in the banking discourse. Over the past two decades, the Ghanaian payments industry has undergone significant transformation on account of adopting digital technology. With onset of the COVID-19 pandemic, a sense of urgency has been injected into Ghana’s payment ecosystem...
All societies across time and place have faced the ‘basic’ economic problem – scarcity and how best to make use of limited resources. Some have prioritised improving production through enhanced technology with varying degrees of success. Others have relied on the exchange of their natural resources to succeed.
But some...
Welcome to another week of financial learning. It has been a while since I came your way with my financial nuggets.
I had to come out of my shelve to touch on a seven-level approach towards financial freedom by Grant Sabatier.
Grant is a is an American author, podcaster, and entrepreneur....
Foreign inward remittances have been observed to be one of the least volatile sources of foreign exchange earnings for developing countries. While foreign capital flows tend to rise during favourable economic cycles and fall in bad times, remittances appear to react less violently and as such tend to exhibit...
To enhance financial transfers, government has rolled out several policies and financial services to both the diaspora and recipients at home. These include savings and investment schemes and money transfer schemes.
Direct Investments and Savings
Direct investment schemes are a significant avenue created by government to channel financial remittances from the...
Remittances are a significant source of external financing and major contributor to national income. Many Ghanaian families depend on remittances from relations living abroad to cater for various expenses including education, health, rent, housekeeping and utilities. Ghanaians in the diaspora also send money home to fund the construction of...
Governor of the Bank of Ghana, Dr. Ernest Addison, has said that current global conditions have put central banks across the continent in a tight corner as they must come out with policies that will tame inflationary pressures without sacrificing growth.
Speaking at the Financial Stability Board Conference in Accra,...
